699 N Vulcan #83
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699 N Vulcan #83

Atop 10%

Encinitas, CA 92024Neighborhood: Leucadia

$289,000
STR closed · Encinitas allows houses and duplexes only

40 licensed short-term rentals within ½ mile (32 whole home), from the cities' license and permit lists of Nov 14, 2026.

Works at asking: +$353/mo full cashflow at 20% down, 7.36% rate.

Still breaks even up to $335,184 (16% above asking).

Rent $3,327/mo: zip market median for this bed count.

Beds

2

Baths

1

Sqft

950

Year Built

1973

Days on Market

45

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2609033

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

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About This Property

Just 3 blocks from the beach and shops in the heart of Leucadia! This beautifully updated 2-bedroom, 1-bath mobile home offers coastal living with peace of mind. Upgrades include new flooring, interior and exterior paint, kitchen and bathroom improvements, double-pane windows, a new water heater, electrical and plumbing updates, replaced jacks, and a forced-air heating system only three years old. The roof is in good condition and up to code. This home has been meticulously maintained and even recently tented with termite clearance! Enjoy your own private patio and a home that is truly move-in ready, with both the aesthetics and practical ownership needs thoughtfully addressed. Affordable, updated, and ideally located near the beach, shops, biking, transit, and everything Leucadia has to offer—this is coastal living made easy. Riviera park is pet friendly too!

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Est. Monthly Payment

$1,968

Principal & Interest$1,594
Property Tax$289
Insurance$84
%($57,800)
%
Loan Term

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.

Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules

Investment Score

98A
Est. Monthly Rent
$3,327

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$1,360
Full Cashflow

Incl. vacancy, PM, maint, capex

+$353

What would make this work?

Cashflows +$353/mo at 20% down with every reserve funded.

Break-even price

16% above asking

$335,184
Break-even rent

Estimated rent already clears it

$2,868/mo
Cashflow at 35% down
+$652/mo
Down payment to break even

$23,120 cash

8%
Rate to break even

at 20% down

9.52%

Mortgage (P+I)
$1,594
Cap Rate
8.78%
Cash-on-Cash
7.34%
DSCR
1.69

NOI (Annual)
$25,372
Price-to-Rent

Lower = better for investors

7.2

* Modelled at 20% down, 7.36% 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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ACashflow+$353/mo