10243 Canyon Dr
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10243 Canyon Dr

Ctop 80%

Escondido, CA 92026

$899,000

Pass at asking: -$3,598/mo full cashflow at 20% down, 7.36% rate.

Works at $428,199 (52% under asking), or at 79% down.

Rent $4,250/mo from 6 leases of 4-bed houses in 92026 ($3,942–$4,388).

Beds

4

Baths

3

Sqft

1,788

Year Built

1986

Days on Market

83

Property Type

Single Family

HOA/mo

N/A

MLS ID

260020635SD

This property is in Escondido (92026). Browse neighborhood analytics →

About This Property

MOTIVATED SELLER | COMPLETELY REMODELED | PAID SOLAR | SEPARATE LOWER-LEVEL LIVING QUARTERS | DETACHED STUDIO | 18,000+ SF LOT! Rare opportunity in the peaceful Jesmond Dene community offering privacy, flexibility and multiple usable spaces. Extensively remodeled inside and out, this 4-bedroom, 2-bath home features an open-concept floor plan, abundant natural light, quartz countertops, stainless-steel appliances, soft-close cabinetry, updated bathrooms, fireplace and modern finishes throughout. The lower level offers a private entrance, bedroom and additional living space with potential for separate living quarters or an ADU-style setup—ideal for multigenerational living, guests, home office or added flexibility. A separate finished detached studio/office provides even more usable space for working from home, gym, creative studio or workshop. Situated on an approximately 18,000+ SF lot, the property features PAID SOLAR, two street/driveway access points, gated RV/boat parking, expansive concrete parking, terraced outdoor areas, artificial turf, mature trees and multiple areas for entertaining. Major improvements include newer windows, roof, siding, dual HVAC systems, dual water heaters, updated kitchen and baths, extensive hardscape/landscape and engineered septic. Move-in ready with the major improvements already completed. Seller is motivated—bring your offer!

Mortgage Calculator

Est. Monthly Payment

$6,121

Principal & Interest$4,960
Property Tax$899
Insurance$262
%($179,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Reidy Creek Elementary · grades K-5 · Escondido Union

  • Middle

    Rincon Middle · grades 6-8 · Escondido Union

  • High

    Escondido 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.

Investment Score

36C
Est. Monthly Rent
$4,250

6 leases of 4-bed houses in 92026 · $3,942–$4,388

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,871
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,598

What would make this work?

$3,598/mo short at 20% down; 79% down or +$4,672/mo rent closes it.

Break-even price

52% under asking

$428,199
Break-even rent

$4,672/mo above the estimate

$8,922/mo
Cashflow at 35% down
−$2,668/mo
Down payment to break even

$710,210 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,960
Cap Rate
2.10%
Cash-on-Cash
-24.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$18,898
Price-to-Rent

Lower = better for investors

17.6

* Modelled at 20% down, 7.36% 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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CCashflow−$3,598/mo