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101 Spruce Street

101 Spruce Street

Atop 10%

Escondido, CA 92025

$295,000
NEW — 0d
STR limited · Escondido pilot, owners only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$813/mo full cashflow at 20% down, 7.49% rate.

Works at $189,647 (36% under asking), or at 60% down.

Rent $2,624/mo from 8 leases of 1–3 bed condos & townhomes within 1 mi ($2,376–$2,621).

Beds

2

Baths

2

Sqft

872

Year Built

1990

Days on Market

0

Property Type

Condo

HOA/mo

$558

MLS ID

PTP2608121

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

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About This Property

Beautifully maintained and exceptionally clean, this inviting 2 bdrm, 2 ba condo is located within a gated community conveniently close to shopping and everyday essentials. Beautiful paint throughout and gorgeous laminate flooring create a warm, welcoming interior. Spacious bedrooms feature ceiling fans and a charming window seating with storage, while an additional ceiling fan adds comfort to the living room. A small front patio offers a pleasant spot to relax. Enjoy community amenities including a pool, spa, community room, a fenced dog area, and a beautiful outdoor gathering area featuring two BBQ grills and ample picnic tables beneath a spacious pergola draped in trailing vines for generous shade. This dog-friendly community offers comfortable living with inviting spaces to unwind and enjoy.

Mortgage Calculator

Est. Monthly Payment

$2,588

Principal & Interest$1,649
Property Tax$295
Insurance$86
HOA$558
%($59,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Felicita Elementary · grades K-5 · Escondido Union

  • Middle

    Del Dios Academy of Arts and Sciences · grades 6-8 · Escondido Union

  • High

    San Pasqual High · grades 9-12 · Escondido Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

3 comps found

This Property

$2,624

vs

Comp Average

$2,593

450 W Vermont

450 W Vermont

1bd / 1ba · 797 sqft · Condo

$289K

Est. $2,500/mo

818 Washington Avenue

818 Washington Avenue

2bd / 2ba · 1,064 sqft · Condo

$399K

Est. $2,590/mo

440 Citracado Parkway

440 Citracado Parkway

2bd / 2ba · 1,004 sqft · Condo

$450K

Est. $2,690/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

77A
Est. Monthly Rent
$2,624

8 leases of 1–3 bed condos & townhomes within 1 mi · $2,376–$2,621

Blended 50/50 with the zip's market median ($2,650)

Monthly Cashflow

Rent − PITIA

+$36
Full Cashflow

Incl. vacancy, PM, maint, capex

-$813

What would make this work?

$813/mo short at 20% down; 60% down or +$1,056/mo rent closes it.

Break-even price

36% under asking

$189,647
Break-even rent

$1,056/mo above the estimate

$3,680/mo
Cashflow at 35% down
−$504/mo
Down payment to break even

$177,000 cash

60%
Rate to break even

at 20% down

1.69%
Mortgage (P+I)
$1,649
Cap Rate
3.93%
Cash-on-Cash
-16.53%
DSCR

Need ≥ 1.25 for DSCR loan

1.01
NOI (Annual)
$11,602
Price-to-Rent

Lower = better for investors

9.4

* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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ACashflow−$813/mo