498 Neptune

498 Neptune

D

Encinitas, CA 92024

$5,400,000

Beds

3

Baths

2

Sqft

1,800

Year Built

1950

Days on Market

314

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2503586

Description

Waiting for you in the coastal resort town of Encinitas is this little bit of an oceanfront Pacific paradise. Tastefully remodeled and modernly elegant, this 3 bedroom, 2 bath 1800square foot oceanfront home offers unfettered whitewater ocean views on one of the most prestigious streets in North San Diego County. It’s like a permanent vacation when you step through the front door and literally leave the world behind you. Whether you want to surf or sip wine this property’s got you covered. ****This property is protected by a fully engineered, California Coastal Commission approved lower seawall and upper bluff retention system, a multi million dollar amenity that cannot be duplicated ever again.****

Mortgage Calculator

Est. Monthly Payment

$34,280

Principal & Interest$27,305
Property Tax$5,400
Insurance$1,575
%($1,080,000)
%

Investment Score

0D
Est. Monthly Rent

Zillow Rent Zestimate

$7,440
Monthly Cashflow
$-33,052

Mortgage (P+I)
$27,305
Cap Rate
-1.28%
Cash-on-Cash
-36.72%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$39,896

NOI (Annual)
$-68,954
Price-to-Rent

Lower = better for investors

60.5

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

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