8206 Caminito Lacayo

8206 Caminito Lacayo

D

La Jolla, CA 92037

$2,300,000

Beds

4

Baths

2.5

Sqft

3,214

Year Built

1975

Days on Market

1540

Property Type

Condo

HOA/mo

$475

MLS ID

210033409

Description

This very spacious 4 bedroom La Jolla Woods home is a 3 minute walk to the La Jolla YMCA and 5 minutes to the Torrey Pines Elementary School. It has one of the largest back yards in the complex with a nice sized pool/jacuzzi. It has an abundance of natural light throughout the home with a grand entrance 2-story high living room. The house offers extra large bedrooms, MBR walk in closet, 2 fire places, dining room, a kitchen nook and a den that can be closed off to be a guest bedroom. Windows are dual paned (with the exception of fixed windows and french doors, which are from original construction). New garage doors. Air conditioning installed by current owner. Kitchen and bathroom cabinets, although functional, should probably be updated to meet tastes of buyer. Pool area in back needs upgrade work. This home is for sale by the owner, who is the listing agent. Other features of this home include central air conditioning and heating and a 3 car garage. In addition to the private pool, there is also access to the Home Owner Association's common area pool, in case you want to convert the back yard to a huge play area for the kids . Located next to Cliffridge Park, offering a beautiful play area for the entire family. Also located near the La Jolla YMCA, Torrey Pines Elementary School and several houses of worship. Equipment: Garage Door Opener,Pool/Spa/Equipment, Washer Sewer: Public Sewer Topography: LL

Mortgage Calculator

Est. Monthly Payment

$15,076

Principal & Interest$11,630
Property Tax$2,300
Insurance$671
HOA$475
%($460,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$6,875
Monthly Cashflow

Rent − PITI − HOA

$-8,201
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,699

Mortgage (P+I)
$11,630
Cap Rate
-0.04%
Cash-on-Cash
-21.39%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$15,076

NOI (Annual)
$-827
Price-to-Rent

Lower = better for investors

27.9

* Defaults: 20% down, 6.5% rate, 30yr.

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