1020 Washington Avenue

1020 Washington Avenue

D

Escondido, CA 92025

$399,000

Beds

2

Baths

2

Sqft

1,178

Year Built

1982

Days on Market

370

Property Type

Condo

HOA/mo

$748

MLS ID

NDP2502311

Description

This home is eligible for $10,000 forgivable loan (no payments, no interest) to cover closing costs, rate buy-down and/or down payment. 100% financing available with NO MI! Welcome to this affordable & charmingly designed single-level first floor end unit condominium offering 2 bedrooms and 2 baths in a gated community! The spacious primary bedroom offers options, currently featuring a layout with a partition wall, creating a flexible space perfect for additional sleeping space, home office, play area, reading nook, etc. or sellers agree to remove partition wall, if next homeowner prefers. Relax by the cozy fireplace in the spacious and inviting living room, and enjoy an attractively upgraded open-galley kitchen with a convenient dining area for entertaining. Step outside to the large covered patio with pool and open space views, complete with a private laundry-storage room, plus an on-site laundromat for added convenience. This home comes with two assigned parking spaces—one covered. HOA offers the security of a gated community, pool, spa and clubhouse. Strategically located in North San Diego County. Walking distance to schools, restaurants, shopping, entertainment, employment, transit, parks and recreational spots, this condo-home offers a perfect blend of convenience, the comfort and benefits of homeownership, plus resort style pool side lounging or recreational swimming without the responsibility of pool upkeep or maintenance. Come see and fall in love!

Mortgage Calculator

Est. Monthly Payment

$3,281

Principal & Interest$2,018
Property Tax$399
Insurance$116
HOA$748
%($79,800)
%

Investment Score

19D
Est. Monthly Rent
$2,666
Monthly Cashflow

Rent − PITI − HOA

$-615
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,560

Mortgage (P+I)
$2,018
Cap Rate
1.38%
Cash-on-Cash
-9.24%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.81
Break-even Rent
$3,281

NOI (Annual)
$5,488
Price-to-Rent

Lower = better for investors

12.5

* 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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