1603 Hill Top Lane
Ctop 80%Encinitas, CA 92024
Pass at asking: -$4,660/mo full cashflow at 20% down, 7.43% rate.
Works at $692,222 (47% under asking), or at 72% down.
Rent $7,158/mo from 16 leases of 3–5 bed houses within 1 mi ($5,841–$6,447).
Beds
4
Baths
2.5
Sqft
1,967
Year Built
1984
Days on Market
0
Property Type
Single Family
HOA/mo
$195
MLS ID
NDP2610117
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Amazing opportunity in Encinitas! This four-bedroom, three-bathroom home offers approximately 1,967 square feet of living space on a large lot at the end of a cul-de-sac. The property is being sold "as-is" and is priced below neighborhood comparables, reflective of its current condition. This is a great opportunity for investors or parties interested in making this home their own. The home includes a two-car garage with updated garage door and newer water heater. The Seagate Village community amenities include a pool, spa, volleyball court, gated park, playground, tennis and pickleball court for an HOA of $195/month. Conveniently situated within the San Dieguito Union High School District, between Flora Vista Elementary and Diegueno Middle Schools. Encinitas is home to world class beaches, award winning schools, and a vibrant social scene on the Coast Highway 101. Make this home something special!
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Est. Monthly Payment
$9,089
Location
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Comparable Properties
5 comps foundThis Property
$7,158
Comp Average
$6,373
1638 Landquist Drive
4bd / 3ba · 2,106 sqft · Single Family
$1.60M
Est. $6,727/mo
156 Cerro
4bd / 2.5ba · 1,836 sqft · Single Family
$1.82M
Est. $6,702/mo
512 Tranquil Court
3bd / 2.5ba · 1,972 sqft · Single Family
$1.75M
Est. $6,189/mo
1605 Blossom Field Way
4bd / 2.5ba · 1,967 sqft · Single Family
$1.85M
Est. $6,361/mo
470 Jolina
4bd / 2ba · 1,852 sqft · Single Family
$1.79M
Est. $5,885/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3–5 bed houses within 1 mi · $5,841–$6,447
Blended 50/50 with the zip's market median ($8,112)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,660/mo short at 20% down; 72% down or +$6,052/mo rent closes it.
- Break-even price
- $692,222
- Break-even rent
- $13,210/mo
- Cashflow at 35% down
- −$3,307/mo
- Down payment to break even
- 72%
- Rate to break even
- Not reachable
47% under asking
$6,052/mo above the estimate
$935,280 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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