108 Countrywood Lane
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108 Countrywood Lane

Ctop 80%

Encinitas, CA 92024Neighborhood: New Encinitas

$1,150,000
NEW — 1d
STR closed · Encinitas allows houses and duplexes only

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 →

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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!

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Est. Monthly Payment

$8,242

Principal & Interest$6,345
Property Tax$1,150
Insurance$335
HOA$412
%($230,000)
%
Loan Term

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.

Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules

Investment Score

14C
Est. Monthly Rent
$5,164

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)

Monthly Cashflow

Rent − PITIA

-$3,078
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,224

What would make this work?

$5,224/mo short at 20% down; 86% down or +$6,784/mo rent closes it.

Break-even price

59% under asking

$466,397
Break-even rent

$6,784/mo above the estimate

$11,948/mo
Cashflow at 35% down
−$4,034/mo
Down payment to break even

$989,000 cash

86%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,345
Cap Rate
1.44%
Cash-on-Cash
-27.25%
DSCR

Need ≥ 1.25 for DSCR loan

0.63

NOI (Annual)
$16,550
Price-to-Rent

Lower = better for investors

18.6

* 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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CCashflow−$5,224/mo