1144 Hermes
Ctop 80%Encinitas, CA 92024Neighborhood: Leucadia
45 licensed short-term rentals within ½ mile (33 whole home), from the cities' license and permit lists of Nov 4, 2026.
Pass at asking: -$22,053/mo full cashflow at 20% down, 7.49% rate.
Works at $1,138,864 (72% under asking), or at 99% down.
Rent $11,408/mo from 12 leases of 4–6 bed houses within 2 mi ($10,145–$17,218).
Beds
5
Baths
4
Sqft
3,963
Year Built
1975
Days on Market
43
Property Type
Single Family
HOA/mo
N/A
MLS ID
AR26205904
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Exceptional opportunity for coastal living in the heart of Leucadia, walking distance to the beach, dining and shops. Addition and updated in 2001, A truly one-of-a-kind luxury home w/ Brazilian Ipa wood gated entry includes, 5 bedrooms, 4 baths. Two primary suites, the down stairs suite is approx., 800 sq.ft , walk-in closet, includes gas fireplace, vaulted wood ceilings, huge adjoining bath, w/steam shower. Upstairs suite with balcony, vaulted wood beam ceilings, adjoining bath, vanity with double sinks, w/ travertine steam shower. Designer kitchen with hand carved cabinets with beveled glass, Viking Range, True refrigerator, French limestone floors, and travertine stone backsplash. Outdoor kitchen w/hot water sink, lynx grill, refrigerator, built in bar and adjoining shower. Family room/home theater includes step down bar, marble bar top, 100 bottle wine fridge, dishwasher, icemaker. 3rd story sun deck. Solar panels w/franklin battery storage. 3 AC units, Alarm, tankless water heater, soft water system. Arizona flagstone Driveway. Auto Sprinklers. Sound system, Solid wood doors. Huge laundry room w/appliance included. Attached 2 car garage w/finished floor and built-in cabinets
Mortgage Calculator
Est. Monthly Payment
$27,506
Location
Loading map...
Zoned Schools
Elementary
Paul Ecke-Central 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
$11,408
Comp Average
$11,162
765 Val Sereno Drive
4bd / 2.5ba · 4,121 sqft · Single Family
$2.95M
Est. $10,339/mo
1413 Trabert Ranch Road
5bd / 3.5ba · 3,307 sqft · Single Family
$3.38M
Est. $11,405/mo
3105 Caminito Ricardo
5bd / 4ba · 4,422 sqft · Single Family
$3.40M
Est. $10,739/mo
3448 Bumann Road
5bd / 4.5ba · 4,482 sqft · Single Family
$4.29M
Est. $12,759/mo
951 Neptune Avenue
6bd / 5ba · 3,777 sqft · Single Family
$4.89M
Est. $10,570/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 4–6 bed houses within 2 mi · $10,145–$17,218
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$22,053/mo short at 20% down; 99% down or +$28,641/mo rent closes it.
- Break-even price
- $1,138,864
- Break-even rent
- $40,049/mo
- Cashflow at 35% down
- −$17,864/mo
- Down payment to break even
- 99%
- Rate to break even
- Not reachable
72% under asking
$28,641/mo above the estimate
$3,958,020 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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