
155 Rosebay Drive #37
Btop 30%Encinitas, CA 92024Neighborhood: Old Encinitas
9 licensed short-term rentals within ½ mile (6 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$2,325/mo full cashflow at 20% down, 7.36% rate.
Works at $245,629 (55% under asking), or at 82% down.
Rent $2,963/mo from 10 leases of 1-bed condos & townhomes within 2 mi ($2,771–$3,252).
Beds
1
Baths
1
Sqft
630
Year Built
1980
Days on Market
45
Property Type
Condo
HOA/mo
$404
MLS ID
NDP2609021
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Beautifully updated corner unit in Rosebay Falls, ideally located within the quiet interior of the community. This single-level 1BR/1BA, 630 SF condo enjoys a private setting surrounded by lush tropical landscaping and views of the community waterfall from the bedroom, kitchen and balcony. The light and bright open floor plan features wood floors and recessed lighting. The upgraded kitchen features white cabinetry, granite countertops, stainless steel appliances and a large counter with bar seating. The spacious bedroom offers a walk-in closet with built-ins, while the remodeled bathroom features custom tile and glass shower doors. This unit can accommodate an in-unit washer and dryer and also includes a reserved underground parking space and private storage locker, perfect for bikes, surfboards and other gear. Enjoy a low HOA of only $404 per month, including water and trash. Community amenities include a sunset viewing deck and laundry facilities. Located approximately 1.5 miles from Moonlight Beach and just minutes from Downtown Encinitas, restaurants, shopping, the Coaster and I-5. A rare opportunity to own a move-in-ready home in Encinitas at an exceptional price point.
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Est. Monthly Payment
$4,149
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.
Comparable Properties
5 comps foundThis Property
$2,963
Comp Average
$3,110
405 Requeza St
1bd / 1ba · 722 sqft · Condo
$569K
Est. $3,305/mo
1650 El Camino Real
1bd / 1ba · 650 sqft · Condo
$499K
Est. $2,763/mo
704 Regal Road
1bd / 1ba · 744 sqft · Condo
$620K
Est. $3,337/mo
1810 El Camino Real
1bd / 1ba · 650 sqft · Condo
$559K
Est. $2,810/mo
405 Requeza Street
1bd / 1ba · 744 sqft · Condo
$660K
Est. $3,337/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules
Investment Score
10 leases of 1-bed condos & townhomes within 2 mi · $2,771–$3,252
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,325/mo short at 20% down; 82% down or +$3,020/mo rent closes it.
- Break-even price
- $245,629
- Break-even rent
- $5,983/mo
- Cashflow at 35% down
- −$1,756/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
55% under asking
$3,020/mo above the estimate
$451,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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