6653 Neptune #Share B
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6653 Neptune #Share B

Atop 10%

La Jolla, CA 92037

$1,300,000

Pass at asking: -$2,362/mo full cashflow at 20% down, 7.43% rate.

Works at $992,485 (24% under asking), or at 47% down.

Rent $9,899/mo from 10 leases of 3-bed houses within 0.5 mi ($9,411–$15,404).

Beds

3

Baths

4.5

Sqft

3,124

Year Built

2012

Days on Market

378

Property Type

Single Family

HOA/mo

N/A

MLS ID

250042699SD

This property is in La Jolla (92037). View neighborhood stats →

Virtual Tour

About This Property

Own one-eighth of this professionally managed, turnkey home. This is multi-tasking, La Jolla style: Catch the perfect sunset as you splash in the ocean waves or sip a cool drink in the rooftop saltwater pool. The surf breaks just steps from this 3-bedroom, 4½ bath custom home. Everything is designed to make the most of the Pacific views. Vanishing window walls transform indoor spaces into open-air living at its finest. The open plan living space has a gas fireplace and a sleek kitchen with a curved island and a space for formal dining. Unique materials and touchable textures are used throughout the home, including a back-lit Brazilian granite steam room. The primary suite has a luxurious ensuite with double sinks, soaking tub and walk-in shower. A vanishing window wall opens to a private balcony and stunning ocean views. Enjoy the rooftop infinity pool area with its 8-person spa and adjoining lounge area with wet bar. Restock the bar from the home’s wine room. And when you’re ready to leave this Pacific paradise, there’s a hydraulic driveway and a turntable garage floor that ensures you always leave facing the ocean. The home comes turnkey, fully furnished and professionally decorated.

Mortgage Calculator

Est. Monthly Payment

$8,901

Principal & Interest$7,222
Property Tax$1,300
Insurance$379
%($260,000)
%
Loan Term

Location

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Investment Score

64A
Est. Monthly Rent
$9,899

10 leases of 3-bed houses within 0.5 mi · $9,411–$15,404

Blended 50/50 with the zip's market median ($7,492)

Monthly Cashflow

Rent − PITIA

+$998
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,362

What would make this work?

$2,362/mo short at 20% down; 47% down or +$3,068/mo rent closes it.

Break-even price

24% under asking

$992,485
Break-even rent

$3,068/mo above the estimate

$12,967/mo
Cashflow at 35% down
−$1,008/mo
Down payment to break even

$611,000 cash

47%
Rate to break even

at 20% down

3.82%

Mortgage (P+I)
$7,222
Cap Rate
4.94%
Cash-on-Cash
-10.90%
DSCR

Need ≥ 1.25 for DSCR loan

1.11

NOI (Annual)
$64,258
Price-to-Rent

Lower = better for investors

10.9

* 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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ACashflow−$2,362/mo