586 Southbridge
Ctop 80%Encinitas, CA 92024Neighborhood: Leucadia
13 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 10, 2026.
None of the 52 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: -$7,073/mo full cashflow at 20% down, 7.43% rate.
Works at $504,095 (65% under asking), or at 92% down.
Rent $5,619/mo from 8 leases of 1–3 bed condos & townhomes within 1 mi, same school area ($6,474–$7,472).
Beds
2
Baths
2.5
Sqft
1,849
Year Built
1980
Days on Market
45
Property Type
Townhouse
HOA/mo
$455
MLS ID
260023532SD
This property is in Encinitas (92024). View neighborhood stats →
About This Property
A beautiful coastal home located in "Leucadia Village"... a private development tucked away at the end of Orpheus Avenue. This unique community of 51 homes is nestled into 10+ acres of manicured green space. Immaculate home with 2 bedroom and 2.5 baths is ready to enjoy now...or consider this an easy canvas to create your dream home. The living room and primary suite both feature brick hearths and wood burning fireplaces. Both bedrooms include spacious ensuite bathrooms. Property shares a single common wall but has its own defined lot. The second story loft could quickly be adopted as your family room or home office. The generous 2 car attached garage includes many storage options. Surfboards, bikes and golf clubs will all have a safe home ! The lush backyard is accessed via French doors from major living spaces. The wonderful gardens offer privacy for all members of your family. This is a rare opportunity to embrace the coastal lifestyle just minutes from sparkling beaches, fab restaurants and your spectacular community library.
Mortgage Calculator
Est. Monthly Payment
$10,212
Location
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Zoned Schools
Elementary
Paul Ecke-Central 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.
Comparable Properties
5 comps foundThis Property
$5,619
Comp Average
$5,711
568 Rockport Ct
2bd / 2.5ba · 1,849 sqft · Townhouse
$1.29M
Est. $6,749/mo
2031 Shadytree Ln
3bd / 2ba · 1,485 sqft · Townhouse
$1.25M
Est. $5,364/mo
3167 Via De Caballo
2bd / 2.5ba · 1,938 sqft · Townhouse
$1.38M
Est. $5,534/mo
1222 N. Coast Hwy 101
3bd / 3ba · 1,741 sqft · Townhouse
$2.00M
Est. $6,157/mo
1600 San Remo Pl
2bd / 2.5ba · 1,308 sqft · Townhouse
$1.95M
Est. $4,749/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed condos & townhomes within 1 mi, same school area · $6,474–$7,472
Blended 50/50 with the zip's market median ($4,012)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,073/mo short at 20% down; 92% down or +$9,186/mo rent closes it.
- Break-even price
- $504,095
- Break-even rent
- $14,805/mo
- Cashflow at 35% down
- −$5,589/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$9,186/mo above the estimate
$1,311,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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