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651 Summer View Circle

Ctop 80%

Encinitas, CA 92024Neighborhood: Old Encinitas

$1,050,000

NEW — 0d

STR closed · Encinitas allows houses and duplexes only

14 licensed short-term rentals within ½ mile (10 whole home), from the cities' license and permit lists of Nov 3, 2026.

Pass at asking: -$4,987/mo full cashflow at 20% down, 7.49% rate.

Works at $403,413 (62% under asking), or at 88% down.

Rent $4,748/mo from 8 leases of 2-bed condos & townhomes within 1 mi ($5,267–$6,133).

Beds

Baths

2.5

Sqft

1,337

Year Built

1987

Days on Market

Property Type

Condo

HOA/mo

$544

MLS ID

NDP2609940

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

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About This Property

Rarely Available Encinitas Townhome in a Private Gated Community! Enjoy the best of coastal living in this beautifully maintained townhome, ideally situated within a quiet, gated Encinitas community featuring lush, landscaped grounds, a sparkling pool, and tennis court. With its private entrance, two dedicated driveway parking spaces, and spacious layout, this home offers the comfort and feel of a detached residence. Designed for relaxed indoor-outdoor living, the home features an inviting open floor plan with a spacious living room, cozy fireplace, dining area, updated kitchen, and an expansive private patio. Hickory floors throughout downstairs, updated kitchen and bathrooms. Very rarely available!

Mortgage Calculator

Est. Monthly Payment

$7,768

Principal & Interest$5,868

Property Tax$1,050

Insurance$306

HOA$544

Down Payment

%($210,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Ocean Knoll Elementary · grades K-6 · Encinitas Union Elementary
Middle
Oak Crest 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 found

This Property

$4,748

Comp Average

$4,184

1906 Park Dale Lane

2bd / 2ba · 1,080 sqft · Condo

$849K

Est. $3,974/mo

382 Carmel Creeper Place

2bd / 2.5ba · 1,088 sqft · Condo

$949K

Est. $4,538/mo

127 Glaucus Street

2bd / 2ba · 966 sqft · Condo

$895K

Est. $4,550/mo

1624 Forestdale Dr

2bd / 2ba · 1,056 sqft · Condo

$945K

Est. $3,969/mo

319 Volney Lane

3bd / 2ba · 1,056 sqft · Condo

$1.13M

Est. $3,888/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

13C

Est. Monthly Rent

$4,748

8 leases of 2-bed condos & townhomes within 1 mi · $5,267–$6,133

Blended 50/50 with the zip's market median ($4,050)

Monthly Cashflow

Rent − PITIA

-$3,020

Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,987

What would make this work?

$4,987/mo short at 20% down; 88% down or +$6,476/mo rent closes it.

Break-even price: $403,413
Break-even rent: $11,224/mo
Cashflow at 35% down: −$3,887/mo
Down payment to break even: 88%
Rate to break even: Not reachable

Mortgage (P+I)

$5,868

Cap Rate

1.28%

Cash-on-Cash

-28.50%

DSCR

Need ≥ 1.25 for DSCR loan

0.61

NOI (Annual)

$13,420

Price-to-Rent

Lower = better for investors

18.4

* 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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CCashflow−$4,987/mo