
108 Countrywood Lane
Ctop 80%Encinitas, CA 92024Neighborhood: New Encinitas
3 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$5,224/mo full cashflow at 20% down, 7.36% rate.
Works at $466,397 (59% under asking), or at 86% down.
Rent $5,164/mo from 10 leases of 2–4 bed condos & townhomes within 1 mi, same school area ($4,368–$4,732).
Beds
3
Baths
2.5
Sqft
1,459
Year Built
1978
Days on Market
1
Property Type
Condo
HOA/mo
$412
MLS ID
NDP2610207
This property is in Encinitas (92024). View neighborhood stats →
About This Property
This meticulously maintained condo in the heart of Encinitas has been thoughtfully updated throughout! With three bedrooms, 2.5 baths and Approximately 1,459sf. Enjoy the beautifully remodeled kitchen with custom cabinetry, granite counters, tile backsplash, gas range, walk-in storage pantry, and built-in desk area. All three bathrooms have been updated with newer fixtures, vanities, lighting and tile. The large primary bedroom has a sliding door to a private balcony and double closets with built-in organization systems. Two more bedrooms round out the second floor (one currently used as an office). The unit has updated windows, sliding doors, interior doors, and plantation shutters throughout. A large, fenced patio has cedar planter boxes with Podocarpus hedges for privacy. Other features include a laundry room off the kitchen, newer water heater, newer roof (2024) and a two-car garage with epoxy floor, ample storage and task lighting. The Village Park Community has a pool, playground, tennis courts and greenbelt parks. Located between Park Dale Lane Elementary and Diegueno Middle Schools, in the San Dieguito Union High School District. Encinitas is home to world class beaches, a Coaster Train Station, the SD Botanical Garden, and vibrant downtown scene on the Coast HWY 101.This home is move-in ready and beautifully appointed!
Mortgage Calculator
Est. Monthly Payment
$8,242
Location
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Zoned Schools
Elementary
Park Dale Lane Elementary · grades K-6 · Encinitas Union Elementary
Middle
Diegueno Middle · grades 7-8 · San Dieguito Union High
High
La Costa Canyon High · grades 9-12 · San Dieguito Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$5,164
Comp Average
$4,341
1906 Park Dale Lane
2bd / 2ba · 1,080 sqft · Condo
$799K
Est. $3,938/mo
382 Carmel Creeper Place
2bd / 2.5ba · 1,088 sqft · Condo
$949K
Est. $4,536/mo
2031 Shadytree Ln
3bd / 2ba · 1,485 sqft · Townhouse
$1.25M
Est. $5,215/mo
1644 Forestdale Dr
3bd / 2ba · 1,056 sqft · Condo
$1.15M
Est. $4,128/mo
319 Volney Lane
3bd / 2ba · 1,056 sqft · Condo
$1.13M
Est. $3,888/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules
Investment Score
10 leases of 2–4 bed condos & townhomes within 1 mi, same school area · $4,368–$4,732
Blended 50/50 with the zip's market median ($5,758)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,224/mo short at 20% down; 86% down or +$6,784/mo rent closes it.
- Break-even price
- $466,397
- Break-even rent
- $11,948/mo
- Cashflow at 35% down
- −$4,034/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
59% under asking
$6,784/mo above the estimate
$989,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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