611 Circle Drive
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611 Circle Drive

Dbottom 20%

Solana Beach, CA 92075

$4,995,000
NEW — 0d
STR: check · HOA rules unknown · TOT 13%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$31,219/mo full cashflow at 20% down, 7.43% rate.

Works at $930,268 (81% under asking); even all cash loses money at asking.

Rent $9,376/mo from 9 leases of 2–4 bed houses within 0.5 mi, same school area ($7,507–$17,667).

Beds

3

Baths

2

Sqft

2,010

Year Built

1952

Days on Market

0

Property Type

Single Family

HOA/mo

$75

MLS ID

NDP2610152

This property is in Solana Beach (92075). View neighborhood stats →

Virtual Tour

About This Property

Located west of the 101, this three-bedroom, two-bath home offers a thoughtfully designed layout that seamlessly blends comfortable coastal living with effortless entertaining. Wake up to ocean views from the primary suite and fall asleep to the gentle sound of the waves. A walk-in closet and ensuite bath make it a true retreat. Outside, a spacious deck provides the perfect setting for year-round enjoyment and making special memories. Ideally positioned along the coastal bluffs, the property also offers a two-car garage and access to a private, gated trail exclusively for homeowners, making beach strolls and catching the perfect wave part of everyday life. Don't miss this rare opportunity to own an exceptional coastal find in one of Solana Beach's most desirable communities, just moments from San Diego's best beaches, the Cedros Design District, award-winning restaurants, and the Del Mar Racetrack. Let us welcome you home today!

Mortgage Calculator

Est. Monthly Payment

$34,276

Principal & Interest$27,749
Property Tax$4,995
Insurance$1,457
HOA$75
%($999,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines 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

0D
Est. Monthly Rent
$9,376

9 leases of 2–4 bed houses within 0.5 mi, same school area · $7,507–$17,667

Monthly Cashflow

Rent − PITIA

-$24,900
Full Cashflow

Incl. vacancy, PM, maint, capex

-$31,219

What would make this work?

$31,219/mo short at 20% down; +$40,545/mo rent closes it.

Break-even price

81% under asking

$930,268
Break-even rent

$40,545/mo above the estimate

$49,921/mo
Cashflow at 35% down
−$26,016/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$27,749
Cap Rate
-0.72%
Cash-on-Cash
-37.50%
DSCR

Need ≥ 1.25 for DSCR loan

0.27

NOI (Annual)
-$36,014
Price-to-Rent

Lower = better for investors

44.4

* 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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DCashflow−$31,219/mo