1973 Fairlee Drive
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1973 Fairlee Drive

D

Encinitas, CA 92024

$799,000
NEW — 3d

Beds

2

Baths

2

Sqft

936

Year Built

1981

Days on Market

3

Property Type

Condo

HOA/mo

$400

MLS ID

NDP2605191

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

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About This Property

An expansive gated courtyard entry leads directly to this single story with no stairs to access this 2 bedroom condo that is newly remodeled and move-in ready! The fresh contemporary interior features new dual pane vinyl windows, luxury flooring, all new paint, recessed lighting and vaulted ceilings. The kitchen has been opened up and fully reimagined with sleek cabinetry, quartz countertops and new stainless-steel appliances. Both bedrooms are a good size and both bathrooms have been beautifully upgraded with tiled showers, new vanities, and modern fixtures. In addition to the front courtyard patio there is an additional large private back garden patio that is perfect for outdoor dining or relaxing. Washer and dryer are in the unit and convey. For added convenience there is an attached one car garage with additional guest parking directly across from the unit. Ideally located in the heart of the development walking distance to the Club House. High Country Villas is situated on 12 acres in the heart of Encinitas. This 55+ community offers a relaxed, resort-like lifestyle with 2 community pools and spas, pickle ball courts, a well-appointed clubhouse, library, walking paths, a 9-hole golf course, and a wide variety of activities including bocce ball, shuffleboard, horseshoes, yoga, bridge, monthly happy hours, movie nights, and more. Ideally located just minutes to beautiful Encinitas beaches and close proximity to shopping and a variety of restaurants with easy freeway access. This home truly has it all.

Mortgage Calculator

Est. Monthly Payment

$5,472

Principal & Interest$4,040
Property Tax$799
Insurance$233
HOA$400
%($159,800)
%

Location

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Investment Score

23D
Est. Monthly Rent
$3,401
Monthly Cashflow

Rent − PITIA

$-2,071
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,519

Mortgage (P+I)
$4,040
Cap Rate
0.78%
Cash-on-Cash
-26.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$7,971

NOI (Annual)
$6,251
Price-to-Rent

Lower = better for investors

19.6

* 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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