155 Rosebay Drive

155 Rosebay Drive

Ctop 80%

Encinitas, CA 92024Neighborhood: Old Encinitas

$1,075,000
NEW — 0d
STR closed · Encinitas allows houses and duplexes only

8 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 10, 2026.

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

0

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.

Mortgage Calculator

Est. Monthly Payment

$7,815

Principal & Interest$5,972
Property Tax$1,075
Insurance$314
HOA$454
%($215,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Park Dale Lane Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Oak Crest 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.

Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules

Investment Score

9C
Est. Monthly Rent
$4,307

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)

Monthly Cashflow

Rent − PITIA

-$3,508
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,395

What would make this work?

$5,395/mo short at 20% down; 93% down or +$7,006/mo rent closes it.

Break-even price

65% under asking

$372,646
Break-even rent

$7,006/mo above the estimate

$11,313/mo
Cashflow at 35% down
−$4,275/mo
Down payment to break even

$999,750 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,972
Cap Rate
0.89%
Cash-on-Cash
-30.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.55

NOI (Annual)
$9,515
Price-to-Rent

Lower = better for investors

20.8

* 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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CCashflow−$5,395/mo