748 Teaberry Street

748 Teaberry Street

Ctop 80%

Encinitas, CA 92024

$1,200,000
NEW — 0d

Pass at asking: -$6,141/mo full cashflow at 20% down, 7.49% rate.

Works at $403,776 (66% under asking), or at 94% down.

Rent $4,045/mo from 25 leases of 2-bed condos & townhomes within 2 mi ($3,485–$4,400).

Beds

2

Baths

1

Sqft

827

Year Built

1971

Days on Market

0

Property Type

Townhouse

HOA/mo

N/A

MLS ID

NDP2610001

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

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About This Property

Beautifully reimagined single-story home in the heart of Encinitas! Tucked within the Pacific Serena community, this thoughtfully renovated residence delivers the perfect blend of turnkey living, private outdoor space, and an unbeatable coastal North County location. The light-filled interior has been transformed with a brand-new kitchen featuring crisp white cabinetry and quartz countertops, new flooring throughout, fresh interior and exterior paint, and updated fixtures that bring a clean, modern feel to every space. An updated bathroom and refreshed indoor laundry area with new cabinetry add to the home's effortless move-in-ready appeal. The easy single-level layout opens to a spacious and private backyard featuring a generous patio, grassy lawn, mature landscaping, and a terraced hillside backdrop—creating a peaceful setting for relaxing or entertaining. Out front, a low-maintenance turf lawn surrounded by lush landscaping and a gated entry creates inviting curb appeal. An attached one-car garage and central A/C and heat complete the package. Ideally positioned to enjoy the best of Encinitas, this home offers convenient access to local shopping, dining, parks, trails, and some of North County's most beloved beaches. Enjoy the charm and energy of Old Encinitas, nearby Moonlight Beach, and everyday conveniences just minutes from home. Located within the highly regarded Encinitas Union and San Dieguito Union school districts, this is an exceptional opportunity to enjoy beautifully updated, single-story living with private outdoor space in one of coastal North County's most sought-after communities.

Mortgage Calculator

Est. Monthly Payment

$8,256

Principal & Interest$6,706
Property Tax$1,200
Insurance$350
%($240,000)
%
Loan Term

Location

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Investment Score

8C
Est. Monthly Rent
$4,045

25 leases of 2-bed condos & townhomes within 2 mi · $3,485–$4,400

Monthly Cashflow

Rent − PITIA

-$4,211
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,141

What would make this work?

$6,141/mo short at 20% down; 94% down or +$7,976/mo rent closes it.

Break-even price

66% under asking

$403,776
Break-even rent

$7,976/mo above the estimate

$12,021/mo
Cashflow at 35% down
−$4,884/mo
Down payment to break even

$1,128,000 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,706
Cap Rate
0.77%
Cash-on-Cash
-30.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$9,203
Price-to-Rent

Lower = better for investors

24.7

* 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−$6,141/mo