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6009 Mimulus
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6009 Mimulus

Ctop 80%

Rancho Santa Fe, CA 92067

$4,250,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$21,476/mo full cashflow at 20% down, 7.43% rate.

Works at $1,453,795 (66% under asking), or at 93% down.

Rent $16,449/mo from 15 leases of houses within 1 mi, same school area, size-adjusted ($15,000–$21,020).

Beds

8

Baths

8

Sqft

8,281

Year Built

1952

Days on Market

239

Property Type

Single Family

HOA/mo

$1,500

MLS ID

260002525SD

This property is in Rancho Santa Fe (92067). Browse neighborhood analytics →

Virtual Tour

About This Property

Offering a wide array of possibilities, this expansive home is a short walk to the Village, Roger Rowe School, golf course, tennis courts, and clubhouse. This property hosts three distinct structures: a 4-bed, 4-bath home (built in 1952, remodeled in 1976); a 4-bed, 4-bath structure (built in the early 1990s) is connected via a breezeway, and a separate ~900 sq ft 1-bed, 1-bath guest house adjacent to the swimming pool. Resting amidst 1.3 acres the opportunities are varied - from restoring the original home to further expansion and remodeling of the multifamily-ready site to fully capture the landscape in this perfect Rancho Santa Fe Covenant setting.

Mortgage Calculator

Est. Monthly Payment

$30,600

Principal & Interest$23,611
Property Tax$4,250
Insurance$1,240
HOA$1,500
%($850,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    R. Roger Rowe Elementary · grades PK-5 · Rancho Santa Fe Elementary

  • Middle

    R. Roger Rowe Middle · grades 6-8 · Rancho Santa Fe Elementary

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$16,449

vs

Comp Average

$17,345

18338 Avenida Apice

18338 Avenida Apice

6bd / 6.5ba · 5,998 sqft · Single Family

$4.39M

Est. $28,638/mo

17854 Camino De La Mitra

17854 Camino De La Mitra

6bd / 6.5ba · 6,234 sqft · Single Family

$4.39M

Est. $13,549/mo

6150 Avenida Alteras

6150 Avenida Alteras

6bd / 6ba · 6,640 sqft · Single Family

$4.97M

Est. $17,048/mo

6773 Poco Lago

6773 Poco Lago

7bd / 7.5ba · 8,342 sqft · Single Family

$5.95M

Est. $12,584/mo

16610 El Zorro

16610 El Zorro

6bd / 6.5ba · 6,802 sqft · Single Family

$6.25M

Est. $14,908/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

8C
Est. Monthly Rent
$16,449

15 leases of houses within 1 mi, same school area, size-adjusted · $15,000–$21,020

Monthly Cashflow

Rent − PITIA

-$14,152
Full Cashflow

Incl. vacancy, PM, maint, capex

-$21,476

What would make this work?

$21,476/mo short at 20% down; 93% down or +$27,892/mo rent closes it.

Break-even price

66% under asking

$1,453,795
Break-even rent

$27,892/mo above the estimate

$44,341/mo
Cashflow at 35% down
−$17,049/mo
Down payment to break even

$3,952,500 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$23,611
Cap Rate
0.83%
Cash-on-Cash
-30.32%
DSCR

Need ≥ 1.25 for DSCR loan

0.54
NOI (Annual)
$35,478
Price-to-Rent

Lower = better for investors

21.5

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$21,476/mo