319 Volney Lane
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319 Volney Lane

Ctop 80%

Encinitas, CA 92024Neighborhood: New Encinitas

$1,129,000
STR closed · Encinitas allows houses and duplexes only

6 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 4, 2026.

Pass at asking: -$6,170/mo full cashflow at 20% down, 7.49% rate.

Works at $329,008 (71% under asking), or at 99% down.

Rent $3,888/mo from 10 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area ($3,716–$4,026).

Beds

3

Baths

2

Sqft

1,056

Year Built

1974

Days on Market

46

Property Type

Condo

HOA/mo

$456

MLS ID

260022909SD

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

Virtual Tour

About This Property

Come enjoy the Aloha, ocean breeze, and abundance of natural light from sunrise through sunset at this single-Story South-facing End home. Located on a quiet cul-de-sac, nestled in the heart of Encinitas yet removed from the bustle. 3 bedrooms 2 bathrooms, with two private patios, in 55+ High Country Villas. Full remodel just completed! Calcatta Imperial Quartz counter tops, Paradigm Conquest flooring, GE appliances, Custom Flash series (made in Spain) ceramic tiled showers, new vanities/toilets/ back-lighted LED mirrors, dual paned windows and slider doors throughout, Shaker solid core and french doors, gold fixtures and pulls, canned lighting and basket lights over new seated island, heating units and ceiling fans. 1 car garage with full sized laundry and 1 parking space in driveway. This home is in a very serene location within the community backing up to a greenbelt and open space (owned and operated by the County). Resort-style living with Clubhouse, Pool, hot tub, golf, and pickleball.

Mortgage Calculator

Est. Monthly Payment

$8,223

Principal & Interest$6,309
Property Tax$1,129
Insurance$329
HOA$456
%($225,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Park Dale Lane Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Oak Crest Middle · grades 7-8 · San Dieguito Union High

  • High

    La Costa Canyon High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules

Investment Score

4C
Est. Monthly Rent
$3,888

10 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area · $3,716–$4,026

Monthly Cashflow

Rent − PITIA

-$4,335
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,170

What would make this work?

$6,170/mo short at 20% down; 99% down or +$8,013/mo rent closes it.

Break-even price

71% under asking

$329,008
Break-even rent

$8,013/mo above the estimate

$11,901/mo
Cashflow at 35% down
−$4,987/mo
Down payment to break even

$1,117,710 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,309
Cap Rate
0.35%
Cash-on-Cash
-32.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.47

NOI (Annual)
$4,000
Price-to-Rent

Lower = better for investors

24.2

* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$6,170/mo