444 El Camino Real #SPC 110
Ctop 80%Encinitas, CA 92024Neighborhood: New Encinitas
Pass at asking: -$3,117/mo full cashflow at 20% down, 7.43% rate.
Works at $293,143 (58% under asking), or at 85% down.
Rent $3,294/mo: zip market median for this bed count.
Beds
2
Baths
2
Sqft
1,440
Year Built
1969
Days on Market
48
Property Type
Manufactured
HOA/mo
$285
MLS ID
260023202SD
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Possibly the best lot in Park Encinitas. Last house on the only single loaded street in Park Encinitas offers ultimate privacy and panoramic views. Home was tastefully and extensively remodeled in 2021 with new paint in and out, new laminate flooring, new A/C, new water heater, New Bosch dishwasher, molding and much more. Home is situated directly adjacent from private (community) garden. Senior 55+ land owned community. Where else can you own a private view lot in this idyllic beach town for less than $800,000. Don't let this opportunity get away.
Mortgage Calculator
Est. Monthly Payment
$5,071
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
4 comps foundThis Property
$3,294
Comp Average
$4,159
699 Vulcan Avenue
3bd / 2ba · 1,349 sqft · Mfd/Mobile Home
$475K
Est. $5,023/mo
444 El Camino Real
3bd / 2ba · 1,634 sqft · Manufactured
$699K
Est. $5,023/mo
123 Jasper Street
2bd / 1.5ba · 820 sqft · Mfd/Mobile Home
$549K
Est. $3,294/mo
123 Jasper Street
2bd / 2ba · 950 sqft · Mfd/Mobile Home
$599K
Est. $3,294/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,117/mo short at 20% down; 85% down or +$4,049/mo rent closes it.
- Break-even price
- $293,143
- Break-even rent
- $7,343/mo
- Cashflow at 35% down
- −$2,389/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$4,049/mo above the estimate
$594,150 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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