853 America Way
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853 America Way

D

Del Mar, CA 92014

$999,000
NEW — 0d

Beds

2

Baths

1.5

Sqft

1,208

Year Built

1985

Days on Market

0

Property Type

Condo

HOA/mo

$773

MLS ID

NDP2604971

This property is in Del Mar (92014). View neighborhood stats →

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About This Property

Beautifully upgraded Del Mar townhome in the highly sought after Spindrift community, offering exceptional coastal living and updated design. Hardwood floors enhance the bright, open concept living and dining area complete with fireplace, creating an inviting space for everyday living & entertaining. The thoughtfully remodeled kitchen showcases custom built cabinetry, quartz countertops, marble tile backsplash, stainless steel appliances, accent lighting & built in wine rack. A new sliding door opens to a private deck with scenic water views of the San Dieguito River and refreshing ocean breezes. Upstairs features two spacious bedrooms with ClosetMaid built in closet organizers, including primary suite with an upgraded bath featuring updated cabinetry, deep soaking tub & quartz counters. Additional highlights include copper interior piping, central air conditioning & heat, dual pane windows and sliding door, custom window coverings, ample storage, interior laundry room & an attached over sized one car garage with epoxy flooring, plus one additional parking space. Spindrift offers a lush, park like setting with greenbelts throughout the community, multiple pools and spas and ocean views. HOA includes water, trash, exterior maintenance including roof and deck & community landscaping. Ideally located just above Flower Hill Promenade with upscale dining,yoga, pilates and Whole Foods & just minutes to pristine Del Mar beaches, Del Mar Racetrack & coastal trails, Skyline Elementary, Earl Warren Middle School and Torrey Pines High School. Location, upgrades and move-in ready, this Del Mar townhome has it all for easy beach living. *Furniture is negotiable.

Mortgage Calculator

Est. Monthly Payment

$7,115

Principal & Interest$5,051
Property Tax$999
Insurance$291
HOA$773
%($199,800)
%

Location

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Investment Score

10D
Est. Monthly Rent
$4,394
Monthly Cashflow

Rent − PITIA

$-2,720
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,564

Mortgage (P+I)
$5,051
Cap Rate
0.59%
Cash-on-Cash
-27.41%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$10,321

NOI (Annual)
$5,855
Price-to-Rent

Lower = better for investors

18.9

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

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

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