8576 Ridgefield Pl

8576 Ridgefield Pl

Dbottom 20%

Rancho Peñasquitos, CA 92129

$2,349,900
NEW — 0d

Pass at asking: -$13,778/mo full cashflow at 20% down, 7.49% rate.

Works at $563,684 (76% under asking); even all cash loses money at asking.

Rent $5,646/mo from 15 leases of 4–6 bed houses within 1 mi ($5,047–$5,714).

Beds

5

Baths

3.5

Sqft

2,651

Year Built

2005

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026237SD

This property is in Rancho Peñasquitos (92129). View neighborhood stats →

Virtual Tour

About This Property

Welcome home to your own slice of paradise! Nestled on a coveted cul-de-sac, this single-story Park Village gem has been completely reimagined from top to bottom -- every inch remodeled with high-end finishes and appliances. Step inside to a rare, light-filled great room where the kitchen takes center stage, flowing effortlessly into family, dining, and living spaces made for gathering. La Cantina doors fold wide open to a backyard built for entertaining: sparkling pool, half basketball court, and room to spare -- including space to add an ADU. This is where memories are made, from quiet mornings to unforgettable parties under the stars. Homes like this don't come around often -- see the photos, watch the video, and come experience it in person. Size & Layout: 2,651 sqft | single-story home 5 bedrooms | 3.5 bathrooms | Office in primary suite | Great Room open floor plan with vaulted ceilings Recessed lighting added throughout home Lot & Outdoor Living: Quarter-acre cul-de-sac lot. Lot Size: 10,340 sq ft Swimming pool and outdoor entertainment space Half basketball court with potential for an ADU (subject to approval) Finished, insulated shed with electricity for additional storage Custom-Designed Kitchen: Completely rebuilt from the ground up Stained maple Shaker-style cabinetry Dual Fisher & Paykel refrigerators ILVE European range with pot filler Custom vent hood Taj Mahal quartzite countertops Oversized center island with seating Pass-through window connecting the kitchen to the backyard ASKO dishwasher XO wine refrigerator Fully Renovated Bathrooms: Every bathroom completely rebuilt from the studs Maple Shaker-style cabinetry New plumbing and electrical New tile, lighting fixtures, and hardware Flooring & Interior Finishes: Luxury vinyl plank (LVP) flooring throughout Tile flooring in bathrooms and laundry room Level 5 smooth interior wall finish Vinyl windows New sliding windows in the primary suite La Cantina doors opening to the backyard Smart Home Technology & Systems Alexa-controlled dimmable lighting Whole-home surround sound Ring security alarm and cameras Nest thermostat App-controlled pool equipment with new heater and color lighting Solar Systems Home Solar GC Electric / Panasonic system Installed March 2024 25-year warranty through 2049 Assumable solar loan Pool Solar Precision Solar system Installed 2023 Warranty through 2035 Assumable solar loan Exterior Improvements: Level 5 smooth Santa Barbara-style stucco finish Newly constructed gated front courtyard New gutters Black-painted fencing Extended three-car driveway New concrete in front and back Outdoor shower New pool equipment Refreshed landscaping with new sod and lighting Electrified storage shed Garage & Additional Features Garage interior completely drywalled and painted Epoxy garage flooring Whole-home alkaline water filtration system, serving every water source throughout the home New Samsung washer and dryer New water heater HOA & Mello-Roos No HOA fees No Mello-Roos assessments Community Amenities: Desirable Park Village Convenient to Highway 56, I-15 and major employers, shopping, restaurants, YMCA, fire & police stations, coastal and downtown destinations Nearby outdoor recreation: Penasquitos Creek Park, Penasquitos Canyon Preserve for hiking, biking and horseback riding trails Award Winning Poway Unified Schools: Park Village Elementary, Mesa Verde Middle and Westview High

Mortgage Calculator

Est. Monthly Payment

$16,167

Principal & Interest$13,132
Property Tax$2,350
Insurance$685
%($469,980)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$5,646

15 leases of 4–6 bed houses within 1 mi · $5,047–$5,714

Blended 50/50 with the zip's market median ($6,006)

Monthly Cashflow

Rent − PITIA

-$10,521
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,778

What would make this work?

$13,778/mo short at 20% down; +$17,893/mo rent closes it.

Break-even price

76% under asking

$563,684
Break-even rent

$17,893/mo above the estimate

$23,539/mo
Cashflow at 35% down
−$11,315/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$13,132
Cap Rate
-0.19%
Cash-on-Cash
-35.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.35

NOI (Annual)
-$4,361
Price-to-Rent

Lower = better for investors

34.7

* Modelled at 20% down, 7.49% 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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DCashflow−$13,778/mo