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523 Vulcan Ave #24A

Atop 10%

Encinitas, CA 92024Neighborhood: Leucadia

$159,000

STR closed · Encinitas allows houses and duplexes only

46 licensed short-term rentals within ½ mile (36 whole home), from the cities' license and permit lists of Nov 1, 2026.

Works at asking: +$745/mo full cashflow at 20% down, 7.49% rate.

Still breaks even up to $255,498 (61% above asking).

Rent $2,560/mo: zip market median for this bed count.

Beds

Baths

Sqft

180

Year Built

2023

Days on Market

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

PTP2607022

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

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About This Property

Welcome to the heart of one of Encinitas' most beloved neighborhoods! This charming tiny home places you right in the middle of the Leucadia lifestyle — just a short stroll to Stonesteps Beach, with the shops, restaurants, and cafés lining Hwy 101 right at your fingertips. On Sunday mornings, simply step next door to the iconic Leucadia Farmers Market. Don't let the size fool you, this thoughtfully upgraded home makes brilliant use of every square foot, offering a smart, efficient layout with stylish finishes throughout. Enjoy your own private outdoor space. The community adds even more value with a pool, on-site laundry facilities, community garden, and fire pit area. Option for all furniture to convey with the property Land lease of $1,500/month. Rentals not permitted. All applicants must be approved by Sea Aire

Mortgage Calculator

Est. Monthly Payment

$1,094

Principal & Interest$889

Property Tax$159

Insurance$46

Down Payment

%($31,800)

Interest Rate

Loan Term

Location

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Comparable Properties

2 comps found

This Property

$2,560

Comp Average

$2,080

523 Vulcan

1bd / 1ba · 240 sqft · Mfd/Mobile Home

$160K

Est. $2,432/mo

523 Vulcan

1bd / 1ba · 295 sqft · Mfd/Mobile Home

$100K

Est. $1,728/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules

Investment Score

100A

Est. Monthly Rent

$2,560

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$1,466

Full Cashflow

Incl. vacancy, PM, maint, capex

+$745

What would make this work?

Cashflows +$745/mo at 20% down with every reserve funded.

Break-even price: $255,498
Break-even rent: $1,592/mo
Cashflow at 35% down: +$912/mo
Down payment to break even: 0%
Rate to break even: 15.25%

Mortgage (P+I)

$889

Cap Rate

13.30%

Cash-on-Cash

28.12%

DSCR

2.34

NOI (Annual)

$21,140

Price-to-Rent

Lower = better for investors

5.2

* Modelled at 20% down, 7.49% 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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ACashflow+$745/mo