8585 Via Mallorca

8585 Via Mallorca

D

La Jolla, CA 92037

$965,000

Beds

2

Baths

2

Sqft

1,286

Year Built

1986

Days on Market

19

Property Type

Condo

HOA/mo

$747

MLS ID

260003464SD

View on MLS

Description

This beautiful split level, second story unit enjoys a private tree house feeling with beach breezes flowing through the primary suite that boasts an extra large closet and separate shower and bathtub. Both bedrooms are on upper level and have no shared walls with neighbors. Owner has upgraded and maintained the unit including kitchen and bathroom remodels, custom closet, extra soundproofing in bedroom floor, dual pane windows, updated plumbing, modern fireplace, and filtered drinking water system. Relax on your private patio overlooking the lush foliage and enjoy living in one of the best condo communities in the area with its water moat and five waterfalls circling the interior of the circular 54 unit complex. Unit includes detached 2-car garage. Complex includes 2 car garage per unit, central pool, jacuzzi, outdoor shower and bathrooms. Owners enjoy the water moat and five waterfalls circling the interior of the circular 54 unit complex. The lush mature tree landscape between inner complex moat and pool / jacuzzi area provides privacy for units and their decks. Visitors may park in visitor space - owners are required to park in the garage spaces.

Mortgage Calculator

Est. Monthly Payment

$6,873

Principal & Interest$4,880
Property Tax$965
Insurance$281
HOA$747
%($193,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,055
Monthly Cashflow

Rent − PITI − HOA

$-4,818
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,094

Mortgage (P+I)
$4,880
Cap Rate
-1.51%
Cash-on-Cash
-29.95%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$6,873

NOI (Annual)
$-14,578
Price-to-Rent

Lower = better for investors

39.1

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

Get Expert AnalysisOpen Full Calculator