3681 Manchester Avenue
Dbottom 20%Encinitas, CA 92024Neighborhood: Olivenhain
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 3, 2026.
Pass at asking: -$28,249/mo full cashflow at 20% down, 7.49% rate.
Works at $736,510 (83% under asking); even all cash loses money at asking.
Rent $7,378/mo from 16 leases of 4-bed houses within 2 mi ($5,842–$12,170).
Beds
4
Baths
2
Sqft
1,536
Year Built
1978
Days on Market
94
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2607206
This property is in Encinitas (92024). View neighborhood stats →
About This Property
LOCATION, LOCATION, LOCATION! Rarely does an opportunity like this come along. Nestled in the heart of coastal Encinitas, this exceptional 1.1-acre property offers the potential for lagoon views creating endless possibilities for homeowners, builders, and investors alike. Ideally situated near the scenic San Elijo Lagoon, vibrant downtown Cardiff-by-the-Sea, premier shopping, dining, beautiful beaches, and convenient freeway access, the location simply can't be beat. Whether you envision building your dream coastal estate, developing a custom home for resale, or holding this premier parcel as a long-term investment, this is a truly exceptional opportunity in one of North County's most sought-after communities. Don't miss your chance to own a rare piece of coastal Encinitas with incredible potential. Buyer to verify all.
Mortgage Calculator
Est. Monthly Payment
$30,265
Location
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Zoned Schools
Elementary
Ada W. Harris Elementary · grades 3-6 · Cardiff 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 foundThis Property
$7,378
Comp Average
$7,264
1547 Neptune
3bd / 2ba · 1,679 sqft · Single Family
$3.45M
Est. $7,147/mo
752 Bracero Road
3bd / 3.5ba · 1,846 sqft · Single Family
$2.80M
Est. $7,248/mo
1815 Parliament Rd.
3bd / 3ba · 1,944 sqft · Single Family
$3.00M
Est. $7,398/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 4-bed houses within 2 mi · $5,842–$12,170
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$28,249/mo short at 20% down; +$36,688/mo rent closes it.
- Break-even price
- $736,510
- Break-even rent
- $44,066/mo
- Cashflow at 35% down
- −$23,640/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
83% under asking
$36,688/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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