1363 Justin Road Cardiff By The Sea
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1363 Justin Road Cardiff By The Sea

D

Cardiff-by-the-Sea, CA 92007

$1,497,000
NEW — 0d

Soft Appraisal Value: $1,481,400 · 1.1% above estimate

Beds

3

Baths

2

Sqft

1,268

Year Built

1958

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260010836SD

This property is in Cardiff-by-the-Sea (92007). View neighborhood stats →

About This Property

Fixer opportunity in coastal community of Cardiff! Bring your design ideas and creativity to reform this gem into a diamond. The property includes 3 bedrooms and 2 baths with 1,286 square feet of living space. Zoned R2 with potential to add an ADU on a large lot of 6,800 square feet. The open concept floor plan is perfect to remodel to modern standards. Wood burning fireplace with original hardwood flooring throughout. Fantastic location minutes to downtown Encinitas for fine dining, coffee shops and boutique shops. Come see!

Mortgage Calculator

Est. Monthly Payment

$9,503

Principal & Interest$7,570
Property Tax$1,497
Insurance$437
%($299,400)
%

Location

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Investment Score

7D
Est. Monthly Rent
$5,240
Monthly Cashflow

Rent − PITIA

$-4,264
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,716

Mortgage (P+I)
$7,570
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$13,963

NOI (Annual)
$10,240
Price-to-Rent

Lower = better for investors

23.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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