1976 Fairlee Drive
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1976 Fairlee Drive

B

Encinitas, CA 92024

$685,000
NEW — 0d

Soft Appraisal Value: $664,900 · 3.0% above estimate

Beds

2

Baths

2

Sqft

936

Year Built

1981

Days on Market

0

Property Type

Condo

HOA/mo

$552

MLS ID

NDP2606732

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

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About This Property

Prime location within one of North County San Diego's most desirable 55+ communities. High Country Villas is a haven for active lifestyles, offering gorgeous grounds & resort-like amenities including a 9-Hole golf course, Driving Range & Putting Green, 2 pools, spas, tennis & pickleball plus close, easy access to the best of Encinitas and the coast. Well-loved & nicely maintained upstairs unit featuring updated baths & stone kitchen countertops. Slider access to your private balcony, boasting greenbelt & canyon views to Rancho Santa Fe. High vaulted ceiling in the living room. Detached 1-Car Garage. In-unit Laundry.

Mortgage Calculator

Est. Monthly Payment

$4,901

Principal & Interest$3,464
Property Tax$685
Insurance$200
HOA$552
%($137,000)
%

Location

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Investment Score

39C
Est. Monthly Rent
$3,667
Monthly Cashflow

Rent − PITIA

$-1,234
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,648

Mortgage (P+I)
$3,464
Cap Rate
1.43%
Cash-on-Cash
-23.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$7,106

NOI (Annual)
$9,789
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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