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350 El Camino Real #SPC 20

Atop 10%

Encinitas, CA 92024Neighborhood: New Encinitas

$267,000

NEW — 0d

STR closed · Encinitas allows houses and duplexes only

5 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 6, 2026.

Works at asking: +$451/mo full cashflow at 20% down, 7.43% rate.

Still breaks even up to $325,729 (22% above asking).

Rent $3,249/mo: zip market median for this bed count.

Beds

Baths

Sqft

1,440

Year Built

1976

Days on Market

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2610031

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

About This Property

Coastal living awaits in the desirable 55+ community of Green Valley Mobile Estates. This 2 bedroom, 2 bath manufactured home features several recent improvements, including a new roof, new windows and new wood flooring, along with a furnace under warranty. Enjoy an active community lifestyle with amenities including a pool, spa, fitness center, putting green, card room, pool tables and clubhouse. Just 2 miles from the ocean and close to local shopping and restaurants, this is an opportunity to enjoy comfortable living in a welcoming coastal community.

Mortgage Calculator

Est. Monthly Payment

$1,828

Principal & Interest$1,483

Property Tax$267

Insurance$78

Down Payment

%($53,400)

Interest Rate

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.

Comparable Properties

3 comps found

This Property

$3,249

Comp Average

$3,854

699 Vulcan Avenue

3bd / 2ba · 1,350 sqft · Mfd/Mobile Home

$399K

Est. $5,064/mo

699 N Vulcan

2bd / 1ba · 950 sqft · Mfd/Mobile Home

$289K

Est. $3,249/mo

444 El Camino Real

2bd / 1ba · 960 sqft · Manufactured

$399K

Est. $3,249/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

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

Investment Score

100A

Est. Monthly Rent

$3,249

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$1,421

Full Cashflow

Incl. vacancy, PM, maint, capex

+$451

What would make this work?

Cashflows +$451/mo at 20% down with every reserve funded.

Break-even price: $325,729
Break-even rent: $2,663/mo
Cashflow at 35% down: +$729/mo
Down payment to break even: 2%
Rate to break even: 10.38%

Mortgage (P+I)

$1,483

Cap Rate

9.42%

Cash-on-Cash

10.13%

DSCR

1.78

NOI (Annual)

$25,160

Price-to-Rent

Lower = better for investors

6.8

* Modelled at 20% down, 7.43% 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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ACashflow+$451/mo