512 Tranquil Court
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512 Tranquil Court

Ctop 80%

Encinitas, CA 92024Neighborhood: New Encinitas

$1,750,000
STR: check · no permits on this tract · TOT 10%

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 8, 2026.

None of the 71 homes on this home's recorded tract holds a short-term rental permit, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$8,758/mo full cashflow at 20% down, 7.43% rate.

Works at $609,647 (65% under asking), or at 93% down.

Rent $6,189/mo from 8 leases of 3-bed houses within 1 mi ($5,836–$6,065). Previously leased for $5,750.

Beds

3

Baths

2.5

Sqft

1,972

Year Built

1978

Days on Market

45

Property Type

Single Family

HOA/mo

$83

MLS ID

PTP2607202

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

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About This Property

Tucked away on a quiet double cul-de-sac in the highly sought-after Village Park community, this beautifully updated Encinitas home offers the perfect blend of space, style, and indoor-outdoor living. Soaring vaulted ceilings enhance the bright, open feel, while two separate living areas provide plenty of flexibility for everyday living and entertaining. A stylish wet bar creates a natural gathering spot for guests, and the updated kitchen features new countertops, stainless steel appliances, ample cabinetry, and a fresh, modern feel. Thoughtfully remodeled bathrooms complement the home's updates, A BONUS BEDROOM great for an office or guests. The spacious primary suite features a walk-in closet and a comfortable retreat to unwind at the end of the day. Set on an oversized lot, the backyard is made for enjoying the Southern California lifestyle with a covered patio, built-in barbecue, cozy fire pit, and generous space for outdoor dining, entertaining, and relaxing. Just beyond the backyard, the community greenbelt and scenic walking paths create a peaceful extension of the outdoor living space. Additional highlights include a two-car garage OWNED SOLAR and access to Village Park's sought-after amenities, including a community pool and lighted tennis courts. Ideally located near highly rated schools, parks, shopping, dining, and just minutes from Encinitas' beautiful beaches, this home offers an exceptional opportunity to enjoy the space, community, and coastal lifestyle that make Village Park so desirable.

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Est. Monthly Payment

$12,065

Principal & Interest$9,722
Property Tax$1,750
Insurance$510
HOA$83
%($350,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Flora Vista Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Diegueno 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.

Investment Score

9C
Est. Monthly Rent
$6,189

Previously leased for $5,750

8 leases of 3-bed houses within 1 mi · $5,836–$6,065

Monthly Cashflow

Rent − PITIA

-$5,876
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,758

What would make this work?

$8,758/mo short at 20% down; 93% down or +$11,374/mo rent closes it.

Break-even price

65% under asking

$609,647
Break-even rent

$11,374/mo above the estimate

$17,563/mo
Cashflow at 35% down
−$6,935/mo
Down payment to break even

$1,627,500 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,722
Cap Rate
0.87%
Cash-on-Cash
-30.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.51

NOI (Annual)
$15,284
Price-to-Rent

Lower = better for investors

23.6

* 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−$8,758/mo