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101 Spruce Street

101 Spruce Street

Atop 10%

Escondido, CA 92025

$350,000
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: -$1,235/mo full cashflow at 20% down, 7.49% rate.

Works at $189,958 (46% under asking), or at 71% down.

Rent $2,627/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

PTP2608147

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

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About This Property

Welcome to this beautifully maintained 2-bedroom, 2-bathroom condo located in a desirable gated community in the heart of Escondido! Offering 872 square feet of comfortable single-level living, this move-in-ready home features attractive laminate flooring, fresh interior paint, spacious bedrooms, ceiling fans, central A/C, and convenient in-unit laundry. Enjoy a private front patio, a detached one-car garage, and an additional assigned parking space. The community offers resort-style amenities, including a sparkling pool, relaxing spa, fitness center, clubhouse, BBQ and picnic areas, and a designated dog park. Conveniently located near shopping, dining, downtown Escondido, and easy access to I-15 and Highway 78. Whether you're a first-time buyer, looking to downsize, or searching for your next investment opportunity, this property offers an excellent combination of comfort, convenience, and community amenities. Don't miss this opportunity!

Mortgage Calculator

Est. Monthly Payment

$2,966

Principal & Interest$1,956
Property Tax$350
Insurance$102
HOA$558
%($70,000)
%
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

4 comps found

This Property

$2,627

vs

Comp Average

$2,551

101 Spruce Street

101 Spruce Street

2bd / 2ba · 872 sqft · Condo

$295K

Est. $2,597/mo

450 W Vermont

450 W Vermont

1bd / 1ba · 797 sqft · Condo

$289K

Est. $2,322/mo

818 Washington Avenue

818 Washington Avenue

2bd / 2ba · 1,064 sqft · Condo

$399K

Est. $2,593/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

69A
Est. Monthly Rent
$2,627

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

Blended 50/50 with the zip's market median ($2,656)

Monthly Cashflow

Rent − PITIA

-$339
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,235

What would make this work?

$1,235/mo short at 20% down; 71% down or +$1,604/mo rent closes it.

Break-even price

46% under asking

$189,958
Break-even rent

$1,604/mo above the estimate

$4,231/mo
Cashflow at 35% down
−$868/mo
Down payment to break even

$248,500 cash

71%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$1,956
Cap Rate
2.92%
Cash-on-Cash
-21.17%
DSCR

Need ≥ 1.25 for DSCR loan

0.89
NOI (Annual)
$10,230
Price-to-Rent

Lower = better for investors

11.1

* 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−$1,235/mo