Grand Del Mar Place VU 8-4-6

Grand Del Mar Place VU 8-4-6

C

San Diego, CA 92130

$375,000

Beds

3

Baths

5

Sqft

5,035

Year Built

2008

Days on Market

268

Property Type

Timeshare

HOA/mo

$5,955

MLS ID

NDP2510088

This property is in San Diego (92130). View neighborhood stats →

About This Property

LUXURY LOGGIA FRACTIONAL OWNERSHIP owning 5 WEEKS A YEAR. Enjoy the weeks that typically fall in the last week of June and the last week of August (Del Mat Race Track Week in perpetuity (GDM Villa Schedule Weeks #25 and #34) guaranteed year after year while having the flexibility to schedule your 3 remaining weeks at your discretion. Own a one tenth fraction of your own lavishly appointment. Loggia Villa at The Fairmont Grand Del Mar Resort and Spa - 5035 sqft, 3 bedrooms, 4.5 baths, two stories with elevator, home theater, office and gym. The Villas are located on the fairways of the Grand Del Mar Golf Club. THIS IS A LUXURY FRACTIONAL OWNERSHIP OFFERING 5 WEEKS A YEAR. THIS IS A DEEDED PROPERTY AND NOT A TIMESHARE. The Villas are offered in a fractional ownership program that permits generous and flexible use for the Owners, which includes a Membership to The Fairmont Grand Del Mar Golf Club. In addition, the adjacent five-star Grand Del Mar Resort & Spa provides the Villa Owners with Extraordinary amenities and services. Owning a fraction of a villa significantly reduces the financial burden through shared ownership. Shared Owners have five weeks of use each year plus space available use opportunities. Owners have the flexibility of reserving vacation time well in advance or as a last minute getaway. The Villas provide an on-site, secure storage area for Owners to store their personal items. Please call listing agent for a list of amenities. This is not a single family residence it is a LUXURY FRACTIONAL OWNERSHIP OF 5 WEEKS A YEAR.

Mortgage Calculator

Est. Monthly Payment

$8,336

Principal & Interest$1,896
Property Tax$375
Insurance$109
HOA$5,955
%($75,000)
%

Comparable Properties

1 comp found

This Property

$2,438

vs

Comp Average

$2,438

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$2,438
Monthly Cashflow

Rent − PITIA

$-5,897
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,770

Mortgage (P+I)
$1,896
Cap Rate
-15.60%
Cash-on-Cash
-108.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$11,231

NOI (Annual)
$-58,491
Price-to-Rent

Lower = better for investors

12.8

* 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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