101 Spruce Street
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101 Spruce Street #231

A

Escondido, CA 92025

$299,000

Beds

2

Baths

2

Sqft

857

Year Built

1990

Days on Market

27

Property Type

Condo

HOA/mo

$558

MLS ID

NDP2604524

This property is in Escondido (92025). View neighborhood stats →

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About This Property

Light-filled, single-story condo offering an open layout and low-maintenance living. Tile flooring runs throughout the main living areas, and sliding doors open to a private patio - an inviting space for morning coffee or relaxing at the end of the day. The kitchen features white cabinetry, a stainless-steel sink, gas range, and flows seamlessly into the living area, creating a comfortable, connected feel. Both bedrooms are finished with luxury vinyl plank flooring, including a primary suite with en-suite bathroom. Artesia community amenities include a gated entrance, pool, spa, gym, and outdoor gathering areas. Additional highlights include central A/C, washer and dryer hookups, a detached one-car garage and no Mello-Roos. Ideally located near the charm of Historic Grand Avenue, with its local restaurants, shops, and cafes, and just minutes from everyday conveniences and shopping. Zoned for Felicita Elementary School, Del Dios Middle School and San Pasqual High School. A great opportunity for a first-time buyer, investor, or anyone seeking a centrally located, easy-care home in Escondido. Property qualifies for Non-QM financing. Does not qualify for traditional financing due to high single entity ownership. Will likely require 10% or more down. Buyer and buyer's agent to verify all in MLS prior to COE.

Mortgage Calculator

Est. Monthly Payment

$2,456

Principal & Interest$1,512
Property Tax$299
Insurance$87
HOA$558
%($59,800)
%

Location

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Investment Score

51B
Est. Monthly Rent
$1,944
Monthly Cashflow

Rent − PITIA

$-512
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,208

Mortgage (P+I)
$1,512
Cap Rate
1.22%
Cash-on-Cash
-24.24%
DSCR

Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$3,513

NOI (Annual)
$3,645
Price-to-Rent

Lower = better for investors

12.8

* 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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