1040 Washington Avenue

1040 Washington Avenue #33

B

Escondido, CA 92025

$285,000

Soft Appraisal Value: $299,200 · 4.7% below estimate

Beds

1

Baths

1

Sqft

865

Year Built

1981

Days on Market

103

Property Type

Condo

HOA/mo

$748

MLS ID

NDP2602061

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

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About This Property

VA-APPROVED! HOA covers pool, elevator, roof, water, trash, and all exterior maintenance. Well maintained third-floor corner unit, 1-bedroom, 1-bath condo in desirable Escondido Village with TWO assigned parking spaces! Enjoy a generously sized balcony overlooking the lush greenbelt and sparkling pool area, perfect for relaxing or entertaining. The open-concept layout features a bright living room with a cozy fireplace, a well-appointed kitchen with ample cabinetry, fresh interior paint, and brand-new carpeting throughout. Large windows fill the home with abundant natural light, creating a warm and inviting atmosphere. The generously sized bedroom provides both comfort and privacy, while the private balcony offers a peaceful retreat to unwind and enjoy the serene surroundings. Additional highlights include in-unit laundry (stackable washer and dryer), one covered and one uncovered parking spaces, and access to the community pool area. Centrally located in the heart of Escondido and is just minutes away from shopping, schools and major freeways. Nestled in the gated community of Escondido Village, offering green spaces, a community pool, club house, guest parking and a convenient ELEVATOR for easy access to the unit. This complex is VA APPROVED! Bonus for Buyers: The seller is willing to cover up to one year of HOA dues with an acceptable offer! Don't miss out!

Mortgage Calculator

Est. Monthly Payment

$2,557

Principal & Interest$1,441
Property Tax$285
Insurance$83
HOA$748
%($57,000)
%

Location

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Investment Score

39C
Est. Monthly Rent
$1,853
Monthly Cashflow

Rent − PITIA

$-704
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,368

Mortgage (P+I)
$1,441
Cap Rate
0.31%
Cash-on-Cash
-28.80%
DSCR

Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$3,629

NOI (Annual)
$880
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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