1624 N Coast Hwy #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 Hwy #45, Encinitas, CA, 92024 offers a 8.57% rental yield on a $350,000 purchase with $2,500/mo rent. Total monthly income registers $2,500/mo, and a $1,713/mo payment leaves $335/mo available for distribution. Annual cash flow reaches $4,019/yr on $116,025 to close, and return on cash invested stands at 23.37% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 121.41% and total cumulative return in cash at $140,870. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,500/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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