940 Sealane Dr APT 5, Encinitas, CA, 92024 | 3.44% Rental Yield

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940 Sealane Dr APT 5, Encinitas, CA, 92024 | 3.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Encinitas at 940 Sealane Dr APT 5, Encinitas, CA, 92024 generates $4,859/mo in rent, after a $8,296/mo payment. Total monthly income is $4,859/mo. Return on cash invested sits at 8.08% in year one, and rental yield is 3.44% on a $1,695,000 entry. Equity gained on principal adds $10,938/yr, while 5% annual appreciation builds toward $468,297 over five years. Five-year ROI reaches 39.28% and total cumulative return in cash sums $215,733. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,859/mo property income rather than buyer’s personal income.

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

Rare Opportunity! Experience panoramic whitewater & ocean views from this intimate bluff-front complex located west of Coast Hwy 101! This spacious, & beautifully remodeled 2 bed/2 bath residence offers stunning views from primary living area & primary bedroom, plus the two ocean view decks! In-unit washer/dryer is added bonus! Upgrades include custom chefs kitchen, designer bathrooms with ceramic tile/ premium Kohler & Moen fixtures, + European brushed oak wood floors throughout. Two side by side parking spaces in secure gated parking area, community pool, spa & laundry. Short stroll to Swamis (beach park) +shops & restaurants! This beautifully upgraded oceanfront home captures the essence of quintessential Encinitas living in a premier locationjust steps to beaches and the vibrant village. Enjoy the feeling of being on permanent vacation with Swamis and D St. beach access nearby + charming cafs, yoga studios, farmers market, boutiques, train station, world-class dining, + Moonlight Beach all within easy walk or bike ride! The spacious single-level floor plan has been fully remodeled with designer finishes, including custom lighted kitchen cabinetry, quartz counters, tile backsplash, stainless steel appliances, and sit-down breakfast bar. Two primary suites each feature lux remodeled bathrooms with tile showers, quartz counters, + premium Kohler and Moen fixtures. One suite includes a private entranceperfect for guest privacy. Additional highlights include recessed Hyperikon LED lighting throughout and cozy, remote-controlled electric fireplace in living room. Subject property is located on second floor of three story building. Complex does not have elevator. Spacious single level great room floor plan! Tenants allow showings after 2:00 on weekdays, and on weekends with adequate prior notice. Listing agent to arrange and accompany all showings. HOA fees include: All water, including hot water, common area maintenance, all exterior building maintenance including exterior pest and dry rot work. Building exterior painted in 2017, plus all 19 units had all of their plumbing lines replaced in 2017. Also includes beautiful common area maintenance for pool, spa, and the lush, tropical landscaping. See floor plan of unit, Pacific Panorama rules and regulations, + general information of complex in attachment section of MLS.

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