1040 Washington Avenue

1040 Washington Avenue

D

Escondido, CA 92025

$299,000

Soft Appraisal Value: $294,400 · 1.6% above estimate

Beds

1

Baths

1

Sqft

865

Year Built

1981

Days on Market

12

Property Type

Condo

HOA/mo

$748

MLS ID

NDP2602061

Description

Spacious 1-bedroom, 1-bath condo in desirable Escondido Village with TWO assigned parking spaces! This beautifully maintained third-floor corner unit offers exceptional privacy and natural light. 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. Don't forget that water, sewer and trash is included with the HOA fees! 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.

Mortgage Calculator

Est. Monthly Payment

$2,646

Principal & Interest$1,512
Property Tax$299
Insurance$87
HOA$748
%($59,800)
%

Investment Score

12D
Est. Monthly Rent
$1,939
Monthly Cashflow

Rent − PITI − HOA

$-707
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,402

Mortgage (P+I)
$1,512
Cap Rate
0.44%
Cash-on-Cash
-14.19%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$2,646

NOI (Annual)
$1,318
Price-to-Rent

Lower = better for investors

12.9

* 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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