$677,000
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$389
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -3.0%
- Debt Coverage Ratio
- 0.88
- Internal Rate of Return (5 years)
- 1.1%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Own a rare piece of California history with this iconic 1963 Weir Brothers adobe in the peaceful Lazy H community of Pauma Valley. This 2 bed, 2 bath, 1,538 sq ft architectural gem is filled with soul—featuring authentic WWII-era Douglas fir beams, handcrafted adobe walls, a wood-burning fireplace, and rich wood ceilings that honor its mid-century roots. The remodeled kitchen is a true standout, blending modern functionality with Instagram-worthy mid-century flair—perfect for creatives, entertainers, and lovers of design. Set on a spacious 0.275-acre corner lot, the property includes a private brick patio, two large sheds, and mature landscaping with roses and fruit trees. The expansive yard is a blank canvas—ideal for garden beds, ADU potential, entertaining spaces, or simply relaxing in the peace of Pauma Valley’s natural beauty. Laundry is located in the carport area for easy access, and there’s covered parking as well. Priced to sell quickly with a low HOA of just $510 twice a year, this Weir Brothers adobe offers timeless craftsmanship, tranquil living, and architectural prestige. Minutes to the Pauma Valley Country Club and surrounded by mountain views, this is a perfect home for retirees, remote workers, and old-California dreamers. Come walk through and feel the difference—this isn’t just a home, it’s a legacy. Step into the warmth and legacy of a true Southern California treasure—this authentic 1963 Weir Brothers adobe home is a rare offering filled with historic integrity, thoughtful upgrades, and quiet countryside charm. Lovingly maintained and tastefully enhanced, this 1,538 sq ft 2-bedroom, 2-bath retreat sits on a generous 0.275-acre corner lot in the desirable Lazy H neighborhood of Pauma Valley—just minutes from the private Pauma Valley Country Club, wineries, hiking trails, and mountain views. At the heart of this home is the unmistakable craftsmanship of the Weir Brothers, renowned adobe builders whose legacy includes some of the most admired homes in Rancho Santa Fe, Poway, and Valley Center. Signature details include hand-formed adobe block construction, original Douglas fir beams salvaged from WWII barracks, wood ceilings, and a classic adobe-style fireplace, all contributing to unmatched energy efficiency and timeless architectural beauty. Inside, the home features a remodeled kitchen that perfectly balances modern upgrades with mid-century design flair—think clean lines, warm textures, and Instagram-worthy styling. The living and dining spaces are bathed in natural light, with large windows that frame the private brick patio and yard. Newer dual-pane windows were added to preserve the home’s character while enhancing insulation and efficiency. Substantial system upgrades include: • Newer HVAC system for modern cooling comfort • Newer roof for structural peace of mind • Newer water heater • Newer windows for improved energy performance Outside, the property features a large, flat open yard—an ideal blank canvas ready for your vision: add a garden, a guest casita/ADU, outdoor dining space, or simply enjoy the tranquility. Mature trees, rose bushes, and fruit trees surround the home, offering natural beauty and privacy. For those who need space and storage, two new detached sheds offer exceptional bonus space: • 10x10 Shed – Great for tools, hobbies, or art studio • 10x12 Shed – Perfect for storing equipment, seasonal decor, or workspace overflow Laundry is conveniently located in the covered carport area, which also provides protected parking and entry. The low HOA of just $510 paid twice annually ($1,020/year) helps maintain the Lazy H community charm without compromising affordability. Whether you’re a retiree seeking a peaceful escape, a remote worker looking for inspiration, or a buyer who appreciates craftsmanship and character, this home delivers. There are very few homes that offer this level of architectural significance, modern comfort, and potential for creative expansion—don’t miss your chance to own this soulful adobe sanctuary. ***IMPORTANT NOTE: DO NOT DISTURB OCCUPANTS OR ENTER THE PROPERTY***
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Location
Property Details
Parking
- Description: Carport
- Details: Attached
- Garage Spaces: 0
- Spaces Total: 1
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
HOA
- Has HOA: Yes
- Association: Lazy H HOA
- HOA Fee: $85/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1321201600
- Lot Size: 11017 sqft
Property Information
- Property Type: Single Family Residence
- Style: Monterey/Hacienda/Adobe
- Year Built: 1963
Tax Information
- Annual Tax: $0
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Electric
- Cooling: Electric
Location
- County: San Diego
Listing Details
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$389
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -3.0%
- Debt Coverage Ratio
- 0.88
- Internal Rate of Return (5 years)
- 1.1%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $677,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$541,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $135,400 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $20,310 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $155,710 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,538 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $440 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $2.67 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $541,600 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $3,204 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $287 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $3,491 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
We noticed that property taxes are missing—these are standard expenses and should be considered in your estimate. | n/a | n/a | n/a |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$287 | -$3,444 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$328 | -$3,936 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$205 | -$2,460 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$205 | -$2,460 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 0% | -$14 | -$168 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 25% | -$1,039 | -$12,468 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $2,815 | $33,780 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$3,204 | -$38,448 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$389 | -$4,668 |