
155 Rosebay Drive 2
Ctop 80%Encinitas, CA 92024
Pass at asking: -$5,395/mo full cashflow at 20% down, 7.43% rate.
Works at $372,646 (65% under asking), or at 93% down.
Rent $4,307/mo from 24 leases of 2-bed condos & townhomes within 2 mi ($3,824–$4,876).
Beds
2
Baths
2
Sqft
1,000
Year Built
1980
Days on Market
1
Property Type
Condo
HOA/mo
$454
MLS ID
260026707SD
This property is in Encinitas (92024). View neighborhood stats →
About This Property
It starts with a glass of rose. The balcony faces west, the ocean stretches past the palms, and as the sun sets, the sky shifts from crisp blues and creamy whites to warm gold and deep cinnamon. It could be the French Riviera. Except you're in Encinitas, at the top of a quiet, tree-lined community with a greenbelt behind you. Inside, this top-floor 2 bed, 2 bath home was reimagined with a designer's eye: modern coastal ease, a touch of the Riviera, and materials that feel made by hand. The expanded kitchen centers on a quartzite island and warm-toned cabinetry, with linen-backed glass doors, a built-in banquette, all-new appliances, and hand-painted botanical tile with a soft, Old World glaze, finished in a scalloped edge beneath mother of pearl sconces. A refaced stone fireplace, wide-plank floors, and grasscloth accents carry the story through the living space, where a picture window frames the view. Both bedrooms have skylights and treetop views. One bath is wrapped in glazed checkerboard tile in layers of ocean blue, the other in bold cream and blue stripes, both finished in brass. A walk-in closet holds in-unit laundry, ductless mini-splits provide heating and cooling, and two garage spaces sit directly below, along with two storage units. The beach, the freeway, and the shops and cafes of Coast Highway 101 are all minutes away. The best time to see it is at sunset.
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Est. Monthly Payment
$7,815
Location
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Comparable Properties
5 comps foundThis Property
$4,307
Comp Average
$4,048
108 Mangano Circle
2bd / 2ba · 1,011 sqft · Condo
$750K
Est. $4,466/mo
245 Fairlee
2bd / 2ba · 936 sqft · Condo
$745K
Est. $3,845/mo
1976 Fairlee Drive
2bd / 2ba · 936 sqft · Condo
$790K
Est. $3,845/mo
127 Glaucus Street
2bd / 2ba · 966 sqft · Condo
$895K
Est. $4,550/mo

1757 Pleasantdale
2bd / 2ba · 936 sqft · Condo
$895K
Est. $3,535/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
24 leases of 2-bed condos & townhomes within 2 mi · $3,824–$4,876
Blended 50/50 with the zip's market median ($4,139)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,395/mo short at 20% down; 93% down or +$7,006/mo rent closes it.
- Break-even price
- $372,646
- Break-even rent
- $11,313/mo
- Cashflow at 35% down
- −$4,275/mo
- Down payment to break even
- 93%
- Rate to break even
- Not reachable
65% under asking
$7,006/mo above the estimate
$999,750 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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