1938 Sheridan Road
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1938 Sheridan Road

D

Encinitas, CA 92024

$3,495,000

Soft Appraisal Value: $3,403,100 · 2.7% above estimate

Beds

4

Baths

3.5

Sqft

3,236

Year Built

2011

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2603040

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

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About This Property

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)
%

Location

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Investment Score

0D
Est. Monthly Rent
$8,158
Monthly Cashflow

Rent − PITIA

$-14,029
Full Cashflow

Incl. vacancy, PM, maint, capex

$-18,817

Mortgage (P+I)
$17,673
Cap Rate
-0.39%
Cash-on-Cash
-32.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.37
Break-even Rent
$32,596

NOI (Annual)
$-13,738
Price-to-Rent

Lower = better for investors

35.7

* 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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