551 Splitrail Drive

551 Splitrail Drive

D

Encinitas, CA 92024

$1,850,000
NEW — 0d on market

Beds

4

Baths

2.5

Sqft

2,159

Year Built

1981

Days on Market

0

Property Type

Single Family

HOA/mo

$73

MLS ID

NDP2603319

Description

Welcome to effortless Encinitas living in the highly sought-after Village Park community—where tree-lined streets, top-rated schools, and an unbeatable coastal lifestyle come together. It's where everyone wants to be! Lovingly and meticulously maintained by the same family for over 30 years, this light-filled home offers an open and functional layout designed for everyday comfort and easy entertaining. The updated kitchen features stone countertops, stainless steel appliances, and a generous island that flows seamlessly into the main living space. Large windows bring in abundant natural light and connect to a private backyard retreat with covered patio—perfect for relaxing, hosting, or simply enjoying San Diego’s year-round weather. The spacious primary suite provides a peaceful escape, while additional rooms offer flexibility for guests, a home office, or whatever life calls for next. Village Park is known for its strong sense of community and exceptional amenities, including pools, parks, tennis and pickleball courts, and scenic walking paths. Ideally located just minutes from shopping, dining, major freeways, and Encinitas’ iconic beaches, this is a rare opportunity to own in one of North County’s most desirable neighborhoods—where homes are loved and rarely available.

Mortgage Calculator

Est. Monthly Payment

$11,817

Principal & Interest$9,355
Property Tax$1,850
Insurance$540
HOA$73
%($370,000)
%

Investment Score

4D
Est. Monthly Rent
$7,553
Monthly Cashflow

Rent − PITIA

$-4,265
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,543

Mortgage (P+I)
$9,355
Cap Rate
1.17%
Cash-on-Cash
-24.47%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$17,350

NOI (Annual)
$21,734
Price-to-Rent

Lower = better for investors

20.4

* 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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