8585 Via Mallorca

8585 Via Mallorca

D

La Jolla, CA 92037

$1,045,000

Beds

2

Baths

2

Sqft

1,513

Year Built

1986

Days on Market

50

Property Type

Condo

HOA/mo

$750

MLS ID

2600863SD

Description

La Jolla's hidden gem of an location. This penthouse 3/2 with vaulted ceilings and a double garage is a great size enhanced by a huge deck off the back of both the living room and the kitchen with two sliding doors. Sitting above the waterfalls and streams that run through the complex is heavenly. Whether it is a trip to the Village or off the beach at La Jolla Shores or shoppinig and dining at La Jolla Village Square or UTC the best of La Jolla living is all near by. Not to mention easy freeway access to the rest of San Diego.

Mortgage Calculator

Est. Monthly Payment

$7,384

Principal & Interest$5,284
Property Tax$1,045
Insurance$305
HOA$750
%($209,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,055
Monthly Cashflow

Rent − PITI − HOA

$-5,329
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,673

Mortgage (P+I)
$5,284
Cap Rate
-1.59%
Cash-on-Cash
-30.60%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.39
Break-even Rent
$7,384

NOI (Annual)
$-16,662
Price-to-Rent

Lower = better for investors

42.4

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

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