940 Hermes Avenue

940 Hermes Avenue

D

Encinitas, CA 92024

$1,799,000
NEW — 6d on market

Beds

2

Baths

1

Sqft

1,050

Year Built

1926

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602996

Description

Opportunity knocks in one of Encinitas’ most sought-after coastal pockets. Situated west of the 5 and just moments from the beach, shops, and restaurants, 940 Hermes Ave offers an exceptional chance to create something truly special. The existing structure is ready to make way for your vision. Whether that’s a stunning custom home, a modern coastal retreat, or an investment opportunity in a location that continues to outperform. With a generous lot and unbeatable proximity to the ocean, this is all about land value and lifestyle. Bring your architect, your contractor, and your imagination! Properties like this are where the magic happens.

Mortgage Calculator

Est. Monthly Payment

$11,420

Principal & Interest$9,097
Property Tax$1,799
Insurance$525
%($359,800)
%

Investment Score

0D
Est. Monthly Rent
$3,915
Monthly Cashflow

Rent − PITIA

$-7,506
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,905

Mortgage (P+I)
$9,097
Cap Rate
-0.54%
Cash-on-Cash
-33.04%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$16,779

NOI (Annual)
$-9,703
Price-to-Rent

Lower = better for investors

38.3

* 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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