245 Fairlee Lane

245 Fairlee Lane

D

Encinitas, CA 92024

$799,000

Soft Appraisal Value: $791,300 · 1.0% above estimate

Beds

2

Baths

2

Sqft

936

Year Built

1981

Days on Market

11

Property Type

Condo

HOA/mo

$380

MLS ID

NDP2602180

Description

Discover comfort, convenience, and coastal charm in this beautifully updated 2BR/2BA townhome located in the highly desirable 55+ community of High Country Villas in Encinitas. Designed for easy, low-maintenance living, this home offers a peaceful retreat with thoughtful upgrades throughout. Step inside to find new engineered hardwood floors, fresh designer paint, and updated 4" baseboards that enhance the home’s bright and inviting feel. The layout is warm and functional, perfect for everyday living or relaxing at home. Enjoy your private backyard with spectacular views and refreshing coastal breezes—an ideal outdoor space to unwind, entertain, or simply savor the quiet surroundings. High Country Villas is known for its friendly, active, and socially engaging atmosphere, offering exceptional amenities including a 9-hole golf course, pickleball courts, two pools with aquarobics, a spa, bocce ball, and a clubhouse filled with activities ranging from movie nights to monthly community dinners. HOA dues also include water for added convenience. Located just three miles from the beach and adjacent to the scenic Manchester Preserve with its network of hiking trails, this home provides access to everything Encinitas has to offer. With its serene setting, vibrant community, and close proximity to shopping, dining, and outdoor recreation, it’s no surprise these homes are always in high demand. A perfect blend of comfort, community, and coastal living—welcome home to High Country Villas.

Mortgage Calculator

Est. Monthly Payment

$5,452

Principal & Interest$4,040
Property Tax$799
Insurance$233
HOA$380
%($159,800)
%

Investment Score

11D
Est. Monthly Rent
$4,223
Monthly Cashflow

Rent − PITI − HOA

$-1,229
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,866

Mortgage (P+I)
$4,040
Cap Rate
1.76%
Cash-on-Cash
-9.23%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$5,452

NOI (Annual)
$14,087
Price-to-Rent

Lower = better for investors

15.8

* 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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