8988 Caminito Verano

8988 Caminito Verano

D

La Jolla, CA 92037

$1,224,900

Beds

3

Baths

2

Sqft

1,410

Year Built

1974

Days on Market

32

Property Type

Townhouse

HOA/mo

$835

MLS ID

260002028SD

Description

Here is a wonderful opportunity to purchase a pristine, move-in condition home, in the coveted La Jolla Shores Heights development. This modernized coastal townhome is one of only fourteen single story homes in this community and is offered at a phenomenal price point. This residence is situated on a quiet cul-de-sac, and offers beautiful composite wood flooring, fresh paint, a large living room with cathedral ceilings and a fireplace, a recently remodeled kitchen, and remodeled bathrooms. The primary suite has cathedral ceilings and an attached, private patio, and the other two bedrooms also boast cathedral ceilings. There is a backyard patio accessible from the dining area, and offers a private lawn, planter areas, and shade trees. All windows and sliders have been replaced with top quality dual paned systems. There is a side-by-side washer dryer in the hallway. The community features abundant amenities, including a swimming pool, tennis/basketball courts, walking trails that meander through the landscaped grounds, and a children’s playground. You will not have any water bills; they are part of the very reasonable HOA dues. This home is walking distance to UCSD and religious centers, and remarkably close to the La Jolla YMCA, La Jolla Village Square, The Shops at La Jolla Village, Westfield UTC, La Jolla Shores Beach, La Jolla Cove, the Village of La Jolla, and more. There is extremely easy access to the San Diego Blue Line Trolley and the I-5 Freeway. This home is serviced by the La Jolla school district.

Mortgage Calculator

Est. Monthly Payment

$8,611

Principal & Interest$6,194
Property Tax$1,225
Insurance$357
HOA$835
%($244,980)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$4,430
Monthly Cashflow

Rent − PITI − HOA

$-4,181
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,220

Mortgage (P+I)
$6,194
Cap Rate
-0.03%
Cash-on-Cash
-20.48%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$8,611

NOI (Annual)
$-319
Price-to-Rent

Lower = better for investors

23.0

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

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