1624 N Coast Highway 101 SPC 45EncinitasCA92024
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Encinitas at 1624 N Coast Highway 101 SPC 45, Encinitas, CA, 92024 listed at $350,000 pairs $3,062/mo rent with a $1,713/mo payment to leave $897/mo cash flow. Total monthly income runs $3,062/mo, and annual cash flow reaches $10,763/yr on $116,025 cash to close. Return on cash invested measures 29.19% in year one, and rental yield registers 10.5% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 152.58% and total cumulative return in cash totals $177,026. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,062/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2004
900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92024, Encinitas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,979 (100%) |
| Owner Occupied HU | 13,451 (61.2%) |
| Renter Occupied HU | 6,872 (31.3%) |
| Vacant Housing Units | 1,656 ( 7.5%) |
| Median Home Value | $1,556,280 |
| Average Home Value | $1,573,906 |
Housing Distribution
Address Breakdown
Residential
20,654
Single Family
18,109
Multi-Family
2,545
Businesses
2,033
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Listed by: Sun Greene • Real Broker
Mls Name: CRMLS
Mls ID: #NDP2511638