3868 Avenida Feliz
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3868 Avenida Feliz

Ctop 80%

Rancho Santa Fe, CA 92091

$2,495,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$12,746/mo full cashflow at 20% down, 7.43% rate.

Works at $835,398 (67% under asking), or at 94% down.

Rent $8,344/mo from 12 leases of 4-bed houses within 2 mi ($8,048–$11,066).

Beds

4

Baths

3

Sqft

2,327

Year Built

1971

Days on Market

147

Property Type

Single Family

HOA/mo

$8.33

MLS ID

260014569SD

This property is in Rancho Santa Fe (92091). Browse neighborhood analytics →

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About This Property

Fantastic Property Located in the prestigious Whispering Palms community of Rancho Santa Fe, 3868 Avenida Feliz is a versatile single-family home offering a blend of classic charm and modern updates. This spacious residence features 4 bedrooms and 3 full bathrooms with Dual Primary Suites. Originally a single-level home, a 2012 remodel added a second-story primary suite, complementing the existing entry-level primary bedroom and an extensively renovated home with high-end appliances, the Chef's Kitchen includes a Bertazzoni range, Sub-Zero refrigerator, Carrera marble countertops, and a classic apron sink. The home is appointed with gorgeous Hickory hardwood flooring and tile throughout along with a cozy fireplace in the living room. Set on a flat 6,970 sq. ft. lot, the property includes landscaped front yard and easy maintenance back yard that includes a half pipe skate ramp. Parking & Utilities features a 2-car attached garage, central cooling, forced air heating, and a tankless water heater. And if that wasn't enough! The home is within walking distance of the new La Valle Coastal Club & Golf Resort, which offers Golf, Tennis, Pickle Ball, a Fitness Facility, and Spa. Prime Location: Ideally situated just 4.6 miles from the Del Mar beaches and served by the highly rated San Dieguito Union High School District. Residents benefit from exceptionally low homeowner association fees, currently estimated at just $100 per year.

Mortgage Calculator

Est. Monthly Payment

$17,092

Principal & Interest$13,861
Property Tax$2,495
Insurance$728
HOA$8
%($499,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Santa Fe Elementary · grades K-6 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines 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

7C
Est. Monthly Rent
$8,344

12 leases of 4-bed houses within 2 mi · $8,048–$11,066

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$8,748
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,746

What would make this work?

$12,746/mo short at 20% down; 94% down or +$16,554/mo rent closes it.

Break-even price

67% under asking

$835,398
Break-even rent

$16,554/mo above the estimate

$24,898/mo
Cashflow at 35% down
−$10,147/mo
Down payment to break even

$2,345,300 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$13,861
Cap Rate
0.74%
Cash-on-Cash
-30.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$18,379
Price-to-Rent

Lower = better for investors

24.9

* 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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CCashflow−$12,746/mo