1318 PORTOLA Road

1318 PORTOLA Road

Dbottom 20%

Encinitas, CA 92024

$2,995,000

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.

Mortgage Calculator

Est. Monthly Payment

$20,907

Principal & Interest$16,638
Property Tax$2,995
Insurance$874
HOA$400
%($599,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$7,746

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)

Monthly Cashflow

Rent − PITIA

-$13,161
Full Cashflow

Incl. vacancy, PM, maint, capex

-$17,439

What would make this work?

$17,439/mo short at 20% down; +$22,648/mo rent closes it.

Break-even price

76% under asking

$724,536
Break-even rent

$22,648/mo above the estimate

$30,394/mo
Cashflow at 35% down
−$14,319/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$16,638
Cap Rate
-0.17%
Cash-on-Cash
-34.94%
DSCR

Need ≥ 1.25 for DSCR loan

0.37

NOI (Annual)
-$4,957
Price-to-Rent

Lower = better for investors

32.2

* 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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DCashflow−$17,439/mo