2422 Summerhill Drive
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2422 Summerhill Drive

C

Encinitas, CA 92024

$1,499,990
NEW — 2d

Soft Appraisal Value: $1,458,000 · 2.9% above estimate

Beds

4

Baths

2.5

Sqft

2,081

Year Built

1986

Days on Market

2

Property Type

Single Family

HOA/mo

$60

MLS ID

NDP2606441

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

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About This Property

Welcome to 2422 Summerhill Drive, a beautiful residence nestled on a desirable corner lot in the highly sought-after Summerhill community of Encinitas. This light-filled 4-bedroom, 2.5 bath home offers an ideal blend of comfort, style, and functionality. Step inside to discover fresh interior paint and a bright, coastal chic aesthetic complemented by spacious living areas designed for both everyday living and effortless entertaining. The main level features durable laminate flooring and an open, inviting layout that flows seamlessly from room to room.The spacious primary suite serves as a private retreat, highlighted by a beautifully remodeled spa-inspired ensuite bathroom featuring designer finishes and a tranquil atmosphere that makes every day feel like a luxury getaway. Copper re-pipe has been completed, a new water heater was installed in 2025 and the furnace was replaced 2026. Outside, the private backyard offers a peaceful setting for year-round Southern California living. Whether hosting family and friends on the expansive patio, enjoying al fresco dining, or relaxing with your morning coffee, this outdoor space is designed to be both functional and inviting. Perfectly situated in the heart of Encinitas, this exceptional home is just minutes from award-winning schools, scenic parks, shopping, dining, and less than 15 minutes from some of San Diego's most beautiful beaches. Offering an unbeatable combination of location, lifestyle, and modern comfort, this is a place you'll be proud to call home.

Mortgage Calculator

Est. Monthly Payment

$9,582

Principal & Interest$7,585
Property Tax$1,500
Insurance$437
HOA$60
%($299,998)
%

Location

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Investment Score

10D
Est. Monthly Rent
$5,891
Monthly Cashflow

Rent − PITIA

$-3,691
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,296

Mortgage (P+I)
$7,585
Cap Rate
1.03%
Cash-on-Cash
-25.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$14,067

NOI (Annual)
$15,469
Price-to-Rent

Lower = better for investors

21.2

* 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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