1982 Fairlee Drive

1982 Fairlee Drive

D

Encinitas, CA 92024

$699,000

Beds

2

Baths

2

Sqft

936

Year Built

1981

Days on Market

46

Property Type

Condo

HOA/mo

$450

MLS ID

NDP2600135

Description

View facing unit in a resort style community in Encinitas! This top level condo offers the convenience of no neighbors above you and stunning views! Nestled in High Country Villas, a tranquil and sought after 55+ community with amazing amenities. Beautifully updated and features a recently remodeled kitchen with ample cabinetry, granite counter tops, farmhouse sink, and modern appliances. Highlights include high ceilings, custom shutters, updated bathrooms with new vanities and Toto toilets, Berber carpet in the living room and primary bedroom, and a 1 car garage. Ideal location overlooking lush greenery! The picturesque community boasts a serene park-like setting, communal swimming pool, pickleball court, golf course, trails, and activities. Conveniently close to visitor parking for your guests' ease and just minutes away from the beach!

Mortgage Calculator

Est. Monthly Payment

$4,887

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$450
%($139,800)
%

Investment Score

7D
Est. Monthly Rent

Zillow Rent Zestimate

$4,217
Monthly Cashflow
$-2,223

Mortgage (P+I)
$3,535
Cap Rate
2.25%
Cash-on-Cash
-19.08%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.19
Break-even Rent
$6,103

NOI (Annual)
$15,739
Price-to-Rent

Lower = better for investors

13.8

* Defaults: 20% down, 6.5% rate, 30yr.

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