1318 PORTOLA Road
Dbottom 20%Encinitas, CA 92024
Pass at asking: -$17,439/mo full cashflow at 20% down, 7.43% rate.
Works at $724,536 (76% under asking); even all cash loses money at asking.
Rent $7,746/mo from 8 leases of 3–5 bed houses within 1 mi ($7,043–$8,845).
Beds
4
Baths
5
Sqft
3,105
Year Built
2020
Days on Market
—
Property Type
Single Family
HOA/mo
$400
MLS ID
NDP2610153
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Located in the exclusive Olivenhain Loden community built in 2020, this upgraded 4-bedroom, 4.5-bath home offers 3,105 square feet of thoughtfully designed living space. The desirable floor plan lives like a single-level home, with a downstairs primary suite and guest suite, plus two additional bedrooms and a spacious loft upstairs. Light and bright with high ceilings, the home features a recently updated gourmet kitchen with an expanded waterfall island, new cabinetry, Vallejo Grey quartz countertops, farmhouse sink, KitchenAid appliances, six-burner gas range with griddle and walk-in pantry. The breakfast nook and family room feature floor-to-ceiling windows and La Cantina doors that open to the backyard. The formal dining room includes a built-in buffet/bar and French doors to the yard. The primary suite features a spa-inspired bath with an oversized walk-in shower, freestanding tub and walk-in closet. Enjoy resort-style outdoor living with a pool and spa featuring waterfalls and upgraded lighting, a raised-slab covered patio, built-in BBQ, refrigerator and beer tap, plus new turf and landscaping. The three-car garage includes a separate one-car garage currently outfitted as a gym with sauna and cold plunge. Enjoy the charm of Olivenhain, conveniently located near all three highly regarded schools, as well as the beach, shopping, dining and scenic hiking and equestrian trails.
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Est. Monthly Payment
$20,907
Location
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Comparable Properties
5 comps foundThis Property
$7,746
Comp Average
$8,705
790 Bracero Road
5bd / 3ba · 3,490 sqft · Single Family
$3.00M
Est. $10,199/mo
398 Andrew Avenue
3bd / 2.5ba · 3,121 sqft · Single Family
$2.79M
Est. $8,584/mo

3759 Sage Canyon Drive
4bd / 4ba · 3,064 sqft · Single Family
$3.10M
Est. $9,267/mo
441 Rancho Santa Fe Road
5bd / 4ba · 3,395 sqft · Single Family
$2.60M
Est. $7,503/mo
4097 Canyon De Oro
4bd / 3ba · 3,030 sqft · Single Family
$2.95M
Est. $7,971/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 3–5 bed houses within 1 mi · $7,043–$8,845
Blended 50/50 with the zip's market median ($8,112)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$17,439/mo short at 20% down; +$22,648/mo rent closes it.
- Break-even price
- $724,536
- Break-even rent
- $30,394/mo
- Cashflow at 35% down
- −$14,319/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
76% under asking
$22,648/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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