981 Vulcan Ave
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981 Vulcan Ave #7

D

Encinitas, CA 92024

$1,149,000
NEW — 2d

Soft Appraisal Value: $1,102,000 · 4.3% above estimate

Beds

2

Baths

1.5

Sqft

960

Year Built

1977

Days on Market

2

Property Type

Condo

HOA/mo

$375

MLS ID

260011113SD

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

About This Property

Tucked within a tranquil 12-residence community just moments from the coast, this thoughtfully updated end-unit captures the essence of easy Encinitas living. Ideally positioned along the vibrant 101 corridor, you’re just a short stroll to the beach, morning coffee, favorite bistros, boutique shopping, and lively local spots—offering a lifestyle that feels both connected and effortlessly relaxed. Inside, the home has been carefully refreshed with clean, modern updates. The main level features hard surface flooring, while new carpet adds warmth upstairs. The kitchen is equipped with granite countertops, stainless steel appliances, a newer induction range, and refrigerator. Bathrooms have been tastefully updated, including a fully remodeled upstairs bath and refreshed fixtures below. Both bedrooms and the full bathroom are located upstairs, providing a functional layout. Additional upgrades include updated ceiling fans and window coverings. A standout feature of the home is its unique private outdoor space, complete with turf, newer fencing, custom garden beds, and separate gate. Also included is one covered parking space with storage, one uncovered space, and conveniently located shared laundry just adjacent to the unit. A rare opportunity to own a low-maintenance coastal retreat in one of Leucadia’s most desirable, walkable locations!

Mortgage Calculator

Est. Monthly Payment

$7,669

Principal & Interest$5,810
Property Tax$1,149
Insurance$335
HOA$375
%($229,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,531
Monthly Cashflow

Rent − PITIA

$-4,138
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,908

Mortgage (P+I)
$5,810
Cap Rate
-0.10%
Cash-on-Cash
-30.85%
DSCR

Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$11,203

NOI (Annual)
$-1,172
Price-to-Rent

Lower = better for investors

27.1

* 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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