498 Neptune

498 Neptune

D

Encinitas, CA 92024

$5,150,000

Beds

3

Baths

2

Sqft

1,800

Year Built

1984

Days on Market

19

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602262

View on MLS

Description

Waiting for you in the coastal resort town of Encinitas is this little bit of an Pacific ocean 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 has what you have always dreamed of. ************************************************************************************************************************************************************************************ This property is protected by a fully engineered, Coastal Commission approved lower seawall and upper bluff retention system, an amenity that cannot be duplicated ever again.

Mortgage Calculator

Est. Monthly Payment

$32,693

Principal & Interest$26,041
Property Tax$5,150
Insurance$1,502
%($1,030,000)
%

Investment Score

0D
Est. Monthly Rent
$6,682
Monthly Cashflow

Rent − PITI − HOA

$-26,011
Full Cashflow

Incl. vacancy, PM, maint, capex

$-31,840

Mortgage (P+I)
$26,041
Cap Rate
-1.35%
Cash-on-Cash
-37.09%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.20
Break-even Rent
$48,032

NOI (Annual)
$-69,582
Price-to-Rent

Lower = better for investors

64.2

* 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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