3113 Camino Del Rancho

3113 Camino Del Rancho

D

Encinitas, CA 92024

$11,775,000

Beds

5

Baths

5

Sqft

5,589

Year Built

2007

Days on Market

376

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2501311

Description

Nestled in the heart of Olivenhain within the city of Encinitas lies this spectacular equestrian sanctuary. Just 7 miles from the coast and situated on 10 usable acres of beautifully manicured grounds, is an expansive main residence, a guest home, a caretaker’s living quarters and all the amenities of a horse lover's dream. The main home’s lodge inspired architecture is cozy and inviting with gorgeous, exposed wood beams, stone lined walls, hand-carved Torrey Pine interior doors, and several interior courtyards that accent the home. Stunning views of the lush landscape, horse pastures and a beautiful show barn are visible from the main residence. The current owner spared no expense bringing the grounds to perfection within the last year and a half by adding beautiful shelters in each of the 3 irrigated pastures, reimagining the main barn with all new interior walls, feeders, mats, a wash area including new turn-outs, and a brand-new, gable breezeway pole barn. Additional improvements include the planting of over 25 fruit trees in a beautiful grove, solar lit pathways throughout, fresh new landscaping and the design and implementation of several irrigation and plumbing systems to benefit and improve the ranch. This property operates as a working horse ranch with room for 20 horses including a Eurociser, a large riding arena with a viewing platform, numerous fenced paddocks, several storage buildings for ranch equipment and hay, rooms for feed and supplements, a gym with a golf simulator system, and a well with filtration system. With close proximity to the town and coast of Encinitas, along with direct access to miles of walking and riding trails, this property provides for the utmost privacy with a community feel. 3113 Camino del Rancho is a rare gem in the historic town of Olivenhain.

Mortgage Calculator

Est. Monthly Payment

$74,750

Principal & Interest$59,541
Property Tax$11,775
Insurance$3,434
%($2,355,000)
%

Investment Score

0D
Est. Monthly Rent

Zillow Rent Zestimate

$25,792
Monthly Cashflow
$-64,702

Mortgage (P+I)
$59,541
Cap Rate
-0.53%
Cash-on-Cash
-32.97%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$88,431

NOI (Annual)
$-61,940
Price-to-Rent

Lower = better for investors

38.0

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

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