748 Teaberry Street
Ctop 80%Encinitas, CA 92024
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 →
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.
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Est. Monthly Payment
$8,256
Location
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Comparable Properties
5 comps foundThis Property
$4,045
Comp Average
$3,607
245 Fairlee
2bd / 2ba · 936 sqft · Condo
$745K
Est. $3,801/mo
1972 Irisdale Ct
2bd / 1ba · 884 sqft · Condo
$728K
Est. $3,451/mo
1976 Fairlee Drive
2bd / 2ba · 936 sqft · Condo
$790K
Est. $3,801/mo

1757 Pleasantdale
2bd / 2ba · 936 sqft · Condo
$895K
Est. $3,535/mo
1402 Anacona Pl
1bd / 1.5ba · 940 sqft · Townhouse
$1.25M
Est. $3,447/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
25 leases of 2-bed condos & townhomes within 2 mi · $3,485–$4,400
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,141/mo short at 20% down; 94% down or +$7,976/mo rent closes it.
- Break-even price
- $403,776
- Break-even rent
- $12,021/mo
- Cashflow at 35% down
- −$4,884/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
66% under asking
$7,976/mo above the estimate
$1,128,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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