1 / 20

1105 Catania #206

Dbottom 20%

Encinitas, CA 92024Neighborhood: Leucadia

$1,499,000

NEW — 0d

STR closed · Encinitas allows houses and duplexes only

4 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$8,435/mo full cashflow at 20% down, 7.43% rate.

Works at $400,691 (73% under asking); even all cash loses money at asking.

Rent $4,646/mo from 9 leases of 1–3 bed condos & townhomes within 1 mi ($4,832–$5,706).

Beds

Baths

Sqft

1,180

Year Built

2025

Days on Market

Property Type

Condo

HOA/mo

$499.81

MLS ID

260026623SD

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

About This Property

This is Fox Point Farms living at its finest! Completed in 2025 with $170,000 in upgrades, this incredible property is steps away from the community's organic farm, restaurant, brewery, pool and fitness center. The home features high-quality, custom finishes. The kitchen pairs marble countertops and a waterfall island with Jenn-Air appliances and unlacquered brass hardware. You'll find DuChateau herringbone hardwood floors throughout the home, and honed limestone floors, Taj Mahal quartzite countertops, and zellige tile in the baths, carrying a designer finish throughout. Leviton smart dimmers in every room, motorized blinds you can operate from your phone, a custom California Closet, a glass-rail loft and upgraded insulation make it as comfortable as it is beautiful. Owned solar, smart locks and a detached one-car garage with epoxy floors, overhead storage and EV pre-wiring complete the package. A move-in-ready home in one of coastal North County's most coveted communities!

Mortgage Calculator

Est. Monthly Payment

$10,764

Principal & Interest$8,328

Property Tax$1,499

Insurance$437

HOA$500

Down Payment

%($299,800)

Interest Rate

Loan Term

Location

Loading map...

Zoned Schools

Elementary
El Camino Creek 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

$4,646

Comp Average

$4,422

406 Carmel Creeper Pl

2bd / 2.5ba · 1,088 sqft · Townhouse

$929K

Est. $4,480/mo

382 Carmel Creeper Place

2bd / 2.5ba · 1,088 sqft · Condo

$949K

Est. $4,554/mo

1624 Forestdale Dr

2bd / 2ba · 1,056 sqft · Condo

$945K

Est. $3,985/mo

1502 Livorno Place

2bd / 2ba · 942 sqft · Condo

$1.43M

Est. $4,369/mo

1600 San Remo Pl

2bd / 2.5ba · 1,308 sqft · Townhouse

$1.95M

Est. $4,721/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

Est. Monthly Rent

$4,646

9 leases of 1–3 bed condos & townhomes within 1 mi · $4,832–$5,706

Blended 50/50 with the zip's market median ($4,082)

Monthly Cashflow

Rent − PITIA

-$6,117

Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,435

What would make this work?

$8,435/mo short at 20% down; +$10,955/mo rent closes it.

Break-even price: $400,691
Break-even rent: $15,601/mo
Cashflow at 35% down: −$6,874/mo
Down payment to break even: Not reachable
Rate to break even: Not reachable

Mortgage (P+I)

$8,328

Cap Rate

0.10%

Cash-on-Cash

-33.76%

DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)

$1,497

Price-to-Rent

Lower = better for investors

26.9

* 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.

Open Full Calculator

DCashflow−$8,435/mo