824 Neptune Ave
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824 Neptune Ave

C

Encinitas, CA 92024

$1,790,000
NEW — 2d

Beds

5

Baths

5.5

Sqft

4,430

Year Built

2016

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260016363SD

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

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About This Property

New co-ownership opportunity: Own 1/8 of this professionally managed, turnkey home. This contemporary cliffside stunner offers unparalleled elegance and endless views of the Pacific. Frameless glass doors seamlessly connect the interior to the limestone-tiled terrace. The open plan living space has a sleek fireplace flanked by built-ins. The gourmet kitchen is warmed by walnut cabinets and underlit quartzite countertops, and features Miele appliances. The adjoining dining room opens to the patio, fire pit and spectacular vistas. Dual primary suites offer more ocean views through glass-railed balconies, plus luxurious en suite bathrooms. The home includes an office, family room, a glass elevator and a garage with an automatic lift. The home comes fully furnished and professionally decorated.

Mortgage Calculator

Est. Monthly Payment

$11,363

Principal & Interest$9,051
Property Tax$1,790
Insurance$522
%($358,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$6,265
Monthly Cashflow

Rent − PITIA

$-5,098
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,031

Mortgage (P+I)
$9,051
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$16,695

NOI (Annual)
$12,245
Price-to-Rent

Lower = better for investors

23.8

* 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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