3448 Bumann Road
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3448 Bumann Road

Dbottom 20%

Encinitas, CA 92024Neighborhood: Olivenhain

$4,295,000
STR-eligible · Encinitas, 3-night minimum · TOT 10%

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$23,447/mo full cashflow at 20% down, 7.36% rate.

Works at $1,226,990 (71% under asking), or at all cash.

Rent $12,178/mo from 11 leases of 4–6 bed houses within 2 mi ($8,281–$15,672).

Beds

5

Baths

4.5

Sqft

4,482

Year Built

2000

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2609040

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

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About This Property

Custom-built home and separate ADU in an ultra-private Olivenhain setting w/stunning panoramic southerly views of the surrounding countryside and hills. An open floor plan, high ceilings and views from the main living areas create a light and spacious feel. The flexible floor plan offers single-story living, with most bedrooms and main living areas on the first level. The kitchen with breakfast nook opens to the family room, ideal for everyday living and entertaining. Upstairs, two bedrooms (1 has no closet), a bath, kitchenette, spacious living room and private entrance provide an ideal space for extended family, guests or a home office. A near new custom built ADU is privately situated away from the main residence and features 2 BR/2BA, approx. 1196 SF, a large covered patio and parking for two cars. Outdoor amenities include a built-in BBQ with refrigerator and sit-up dining, along with room for a pool. Enjoy the tranquil country atmosphere, with easy access to nearby rural trail system, while still being just minutes from excellent schools, shopping and restaurants, and within easy reach of the beaches. Owned solar and 3-car garage. No HOA or Mello-Roos.

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Est. Monthly Payment

$29,244

Principal & Interest$23,696
Property Tax$4,295
Insurance$1,253
%($859,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Olivenhain Pioneer Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Diegueno 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.

Investment Score

2D
Est. Monthly Rent
$12,178

11 leases of 4–6 bed houses within 2 mi · $8,281–$15,672

Monthly Cashflow

Rent − PITIA

-$17,066
Full Cashflow

Incl. vacancy, PM, maint, capex

-$23,447

What would make this work?

$23,447/mo short at 20% down; 100% down or +$30,450/mo rent closes it.

Break-even price

71% under asking

$1,226,990
Break-even rent

$30,450/mo above the estimate

$42,628/mo
Cashflow at 35% down
−$19,003/mo
Down payment to break even

$4,295,000 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$23,696
Cap Rate
0.24%
Cash-on-Cash
-32.75%
DSCR

Need ≥ 1.25 for DSCR loan

0.42

NOI (Annual)
$10,306
Price-to-Rent

Lower = better for investors

29.4

* Modelled at 20% down, 7.36% 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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DCashflow−$23,447/mo