1938 Sheridan Road

1938 Sheridan Road

D

Encinitas, CA 92024

$3,495,000
NEW — 0d on market

Beds

4

Baths

3.5

Sqft

3,236

Year Built

2011

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2603040

View on MLS

Description

A rare coastal opportunity, 1938 Sheridan Road, is a beautiful 4 bedroom 3.5 bath single story home in the sought after community of Leucadia that is just a short stroll to beaches and restaurants. This west of the 5 craftsman architecturally inspired home has huge vaulted ceilings throughout. Situated on a spacious corner lot, this residence offers 3,236 square feet of thoughtfully designed living space and resort style indoor/outdoor living. The kitchen is both an entertainer's dream while also providing comfort for everyday living. There is a large primary suite with a grand bathroom and walk- in closet. The private backyard is designed for relaxation and enjoyment complete with lush landscaping, spa and a fire pit. An exceptional opportunity to experience the best of Encinitas coastal living with space, privacy, and convenience all in one.

Mortgage Calculator

Est. Monthly Payment

$22,187

Principal & Interest$17,673
Property Tax$3,495
Insurance$1,019
%($699,000)
%

Investment Score

0D
Est. Monthly Rent
$7,462
Monthly Cashflow

Rent − PITIA

$-14,725
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,353

Mortgage (P+I)
$17,673
Cap Rate
-0.58%
Cash-on-Cash
-33.22%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$32,596

NOI (Annual)
$-20,169
Price-to-Rent

Lower = better for investors

39.0

* 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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