444 El Camino Real
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444 El Camino Real #23

A

Encinitas, CA 92024

$399,900

Soft Appraisal Value: $658,700 · 39.3% below estimate

Beds

2

Baths

2

Sqft

1,344

Year Built

1970

Days on Market

126

Property Type

Manufactured

HOA/mo

$275

MLS ID

2601128SD

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

Virtual Tour

About This Property

Offered at less than land value! Please call agent for appointment to view. Located in the highly desirable "Park Encinitas" where you own your land. This 2 bedroom, 2 bath with den/office/3rd bedroom home has an open, flowing floor plan and lots of light. Upgraded with double pane energy efficient windows and slider. Great breezes and a large entry patio. Great 55+ community with pool, spa, Club House, Social Club activities, library, kitchen, billiard room picnic area, shuffleboard, and RV parking is available, Two Pets allowed. Convenient central location in Encinitas, a short distance to a medical complex, shopping, services, parks, and a great Senior Center. Freeways and beaches are within 3 miles. One Resident must be 55+ and others 45+ unless a Dr. prescribed live-in. Low $275 HOA. Extra room is an enclosed patio that was being rented as a bedroom or could be used as an office etc.

Mortgage Calculator

Est. Monthly Payment

$2,814

Principal & Interest$2,022
Property Tax$400
Insurance$117
HOA$275
%($79,980)
%

Location

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Investment Score

69A
Est. Monthly Rent
$2,599
Monthly Cashflow

Rent − PITIA

$-215
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,146

Mortgage (P+I)
$2,022
Cap Rate
2.63%
Cash-on-Cash
-17.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.92
Break-even Rent
$4,087

NOI (Annual)
$10,513
Price-to-Rent

Lower = better for investors

12.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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