904 Bracero Road

904 Bracero Road

Dbottom 20%

Encinitas, CA 92024

$4,800,000
NEW — 1d

Pass at asking: -$27,118/mo full cashflow at 20% down, 7.43% rate.

Works at $1,269,253 (74% under asking); even all cash loses money at asking.

Rent $12,660/mo from 19 leases of 4–6 bed houses within 2 mi ($10,327–$18,406).

Beds

5

Baths

5

Sqft

4,201

Year Built

2008

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610158

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

About This Property

Set on an expansive, approximately one-third-acre flat and usable lot in Encinitas, 904 Bracero Road offers 4,201 square feet of thoughtfully designed living space, featuring five bedrooms and four-and-a-half bathrooms. A blend of refined updates, generous living spaces, and exceptional outdoor amenities creates an inviting setting for both everyday living and entertaining. The remodeled chef's kitchen serves as the heart of the home, featuring beautiful finishes, generous workspace, and a 100-bottle wine refrigerator. Rich hardwood floors bring warmth throughout the interiors, while retractable glass doors open to the backyard, creating a seamless transition between indoor living and outdoor entertaining. The expansive backyard offers an impressive collection of amenities, including a private sports court, outdoor kitchen, fireplace, sauna, and cold plunge. Upstairs, an inviting balcony captures ocean views and coastal sunsets. The spacious primary suite provides a private retreat, complete with a remodeled, spa-inspired bathroom featuring a steam shower, oversized soaking tub, separate vanities, and a generous walk-in closet. Additional features include a dedicated home office, upstairs laundry room, air conditioning, abundant storage, dedicated golf cart storage, and a three-car garage. With its substantial lot, beautifully updated interiors, ocean-view balcony, and thoughtfully designed outdoor spaces, 904 Bracero Road brings together the best of coastal Encinitas living, with room to gather, relax, and enjoy the Southern California lifestyle.

Mortgage Calculator

Est. Monthly Payment

$32,866

Principal & Interest$26,666
Property Tax$4,800
Insurance$1,400
%($960,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$12,660

19 leases of 4–6 bed houses within 2 mi · $10,327–$18,406

Monthly Cashflow

Rent − PITIA

-$20,206
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,118

What would make this work?

$27,118/mo short at 20% down; +$35,218/mo rent closes it.

Break-even price

74% under asking

$1,269,253
Break-even rent

$35,218/mo above the estimate

$47,878/mo
Cashflow at 35% down
−$22,118/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$26,666
Cap Rate
0.05%
Cash-on-Cash
-33.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.39

NOI (Annual)
$2,174
Price-to-Rent

Lower = better for investors

31.6

* Modelled at 20% down, 7.43% 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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DCashflow−$27,118/mo