637 Sparta Drive
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637 Sparta Drive

D

Encinitas, CA 92024

$2,695,000
NEW — 3d

Beds

4

Baths

4

Sqft

2,051

Year Built

1959

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605383

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

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About This Property

Single story 3 BD 3 BA main home plus 1 BD 1 BA detached ADU. This home has been beautifully renovated inside & out right down to the insulation. Plenty of outdoor living space to entertain, sit by the fire or soak in the jacuzzi. 2 large sheds for storage - 1 with electric. This amazing neighborhood has an award winning elementary school with the highly sought after dual immersion program, parks w/ playgrounds, pet areas, skateparks & more. EZ access to bike paths, minutes away from surf & sand, Encinitas Golf Course, shopping, dining, theaters. Need ample parking? You can comfortably park 8 cars on this large 12,293 sq. ft. parcel. EZ access to I-5. Run don't walk to this gorgeous slice of heaven.

Mortgage Calculator

Est. Monthly Payment

$17,108

Principal & Interest$13,627
Property Tax$2,695
Insurance$786
%($539,000)
%

Location

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Investment Score

1D
Est. Monthly Rent
$7,715
Monthly Cashflow

Rent − PITIA

$-9,393
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,414

Mortgage (P+I)
$13,627
Cap Rate
0.10%
Cash-on-Cash
-29.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.45
Break-even Rent
$25,135

NOI (Annual)
$2,565
Price-to-Rent

Lower = better for investors

29.1

* 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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