1644 1644 Forestdale Dr
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1644 1644 Forestdale Dr

C

Encinitas, CA 92024

$1,149,000
NEW — 3d

Beds

3

Baths

2

Sqft

1,056

Year Built

1974

Days on Market

3

Property Type

Condo

HOA/mo

$486

MLS ID

260016237SD

This property is in Encinitas (92024). View neighborhood stats →

About This Property

Remodel newly completed. Your opportunity to own a one of a kind home in Encinitas' premier 55+ community. Clubhouse, Pool, hot tub, golf, pickleball, all at your disposal. West facing patio towrds amazing sunset views, special location, set on a raised portion of the street, looking over surrounding units on a garden like setting with greenbelt behind. One of a kind extended driveway with ample additional parking space allows easy guest parking, or use of garage without having to make room for your car. Expanded kitchen with storage added. Calcatta Umber counter tops, new appliances, roll out cabinets for ease of use. Tiled showers with custom holed seamless glass allow water to be started easily. New Dual Pane widows and sliding glass doors. Solid core and french doors throughout. Central A/C and heat (TBD) Dual pane windows. Nothing overlooked. A few choices remain to finish remodel in the new owners taste (interior closet set up off kitchen, closet doors in 3rd, bedroom, bathroom towel rack placement, smoke detector/CO alarm placement) photos representative of similar finishes

Mortgage Calculator

Est. Monthly Payment

$7,780

Principal & Interest$5,810
Property Tax$1,149
Insurance$335
HOA$486
%($229,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$4,022
Monthly Cashflow

Rent − PITIA

$-3,758
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,641

Mortgage (P+I)
$5,810
Cap Rate
0.18%
Cash-on-Cash
-29.45%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$11,347

NOI (Annual)
$2,033
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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