1866 Forestdale Drive

1866 Forestdale Drive

D

Encinitas, CA 92024

$675,000

Soft Appraisal Value: $667,600 · 1.1% above estimate

Beds

2

Baths

1

Sqft

884

Year Built

1974

Days on Market

10

Property Type

Condo

HOA/mo

$380

MLS ID

NDP2602617

Description

Best location in the development! Step into panoramic gorgeous Encinitas mountain views in this highly desirable quiet location in High Country Villas. Directly across the street from the beautiful 9 hole golf course, pickleball, pool and clubhouse. Upper unit with 2 bedrooms 1 bath home with no neighbors behind you. All new electrical panel just completed. Flooring, bathroom cabinet, lighting and kitchen counter tops all done. Popcorn ceilings removed. This single level town home is in a 55+ community that offers golf, swimming pool and spa, hiking/biking trails, clubhouse activities such as bocce ball, aqua aerobics, exercise classes, clubs and much more lifestyle and friendship. Less than 4 miles to moonlight beach and close to award winning shopping, dining, and medical. Enjoy unbelievable sunsets from the front of the property and follow the colors in the sky over the mountains from your private balcony in the back. Views from every window including golf course views, mountain views and hot air balloon views. Morning sunrises over the mountains are spectacular! Priced to sell so come see asap! Excellent rental with great possiblilites.

Mortgage Calculator

Est. Monthly Payment

$4,665

Principal & Interest$3,413
Property Tax$675
Insurance$197
HOA$380
%($135,000)
%

Investment Score

5D
Est. Monthly Rent
$3,600
Monthly Cashflow

Rent − PITI − HOA

$-1,065
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,456

Mortgage (P+I)
$3,413
Cap Rate
1.70%
Cash-on-Cash
-21.83%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$6,789

NOI (Annual)
$11,490
Price-to-Rent

Lower = better for investors

15.6

* 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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