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108 Mangano Circle #108

Btop 30%

Encinitas, CA 92024Neighborhood: Old Encinitas

$750,000

NEW — 0d

STR closed · Encinitas allows houses and duplexes only

6 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$2,861/mo full cashflow at 20% down, 7.43% rate.

Works at $377,591 (50% under asking), or at 75% down.

Rent $4,409/mo from 8 leases of 2-bed condos & townhomes within 1 mi ($4,580–$5,333).

Beds

Baths

Sqft

1,011

Year Built

1985

Days on Market

Property Type

Condo

HOA/mo

$495

MLS ID

NDP2610047

This property is in Encinitas (92024). View neighborhood stats →

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About This Property

Live the quintessential Encinitas lifestyle at an exceptional coastal value. Perfectly positioned for walkability to world-class fitness, local dining, and iconic Moonlight Beach, this rare top-floor, 2-bed, 2-bath residence blends supreme convenience with quiet privacy. Tucked away from interior complex streets, the home overlooks serene garden views with ocean breezes and no neighbors above. The dual-primary layout features two spacious ensuite bedrooms—ideal for a home office, shared living, or rental flexibility. Includes a private balcony and attached garage. Enjoy seamless I-5 access while being steps from the Magdalena Ecke YMCA and minutes on foot or bike to downtown 101 and the surf. An effortless coastal retreat in the heart of Encinitas

Mortgage Calculator

Est. Monthly Payment

$5,630

Principal & Interest$4,167

Property Tax$750

Insurance$219

HOA$495

Down Payment

%($150,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Capri 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 found

This Property

$4,409

Comp Average

$3,995

1982 Fairlee Drive

2bd / 2ba · 936 sqft · Condo

$650K

Est. $3,817/mo

245 Fairlee

2bd / 2ba · 936 sqft · Condo

$745K

Est. $3,817/mo

1976 Fairlee Drive

2bd / 2ba · 936 sqft · Condo

$790K

Est. $3,817/mo

1906 Park Dale Lane

2bd / 2ba · 1,080 sqft · Condo

$849K

Est. $3,974/mo

127 Glaucus Street

2bd / 2ba · 966 sqft · Condo

$895K

Est. $4,550/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

47B

Est. Monthly Rent

$4,409

8 leases of 2-bed condos & townhomes within 1 mi · $4,580–$5,333

Blended 50/50 with the zip's market median ($4,083)

Monthly Cashflow

Rent − PITIA

-$1,222

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,861

What would make this work?

$2,861/mo short at 20% down; 75% down or +$3,715/mo rent closes it.

Break-even price: $377,591
Break-even rent: $8,124/mo
Cashflow at 35% down: −$2,079/mo
Down payment to break even: 75%
Rate to break even: Not reachable

Mortgage (P+I)

$4,167

Cap Rate

2.44%

Cash-on-Cash

-22.89%

DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)

$18,317

Price-to-Rent

Lower = better for investors

14.2

* Modelled at 20% down, 7.43% 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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BCashflow−$2,861/mo