1051 Rock Springs Road #135
Atop 10%Escondido, CA 92026
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$1,038/mo full cashflow at 20% down, 7.36% rate.
Works at $164,202 (45% under asking), or at 71% down.
Rent $2,474/mo from 15 leases of 2-bed condos & townhomes within 2 mi ($2,175–$2,642).
Beds
2
Baths
2
Sqft
928
Year Built
1980
Days on Market
80
Property Type
Condo
HOA/mo
$650
MLS ID
NDP2607956
This property is in Escondido (92026). Browse neighborhood analytics →
About This Property
HUGE PRICE REDUCTION and VA APPROVED. This Move-in ready home offers exceptional value, ground-floor 2-bedroom, 2-bath condo in Rock Springs West features updated laminate flooring, a spacious layout, and a large private balcony with in-unit laundry. Residents enjoy access to a community pool and spa, a reserved covered parking space, and additional guest parking throughout the complex. One of the lowest-priced 2-bedroom, 2-bath homes in North County, this property is conveniently located just minutes from downtown Escondido, parks, shopping, and dining, with quick and easy access to the I-15 and Highway 78. A great opportunity for a first-time buyer, investor, or anyone seeking an affordable home in a convenient location.
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Est. Monthly Payment
$2,693
Location
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Zoned Schools
Elementary
Rock Springs Elementary · grades K-5 · Escondido Union
Middle
Del Dios Academy of Arts and Sciences · 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.
Comparable Properties
5 comps foundThis Property
$2,474
Comp Average
$2,332
1051 Rock Springs Road
2bd / 1ba · 821 sqft · Condo
$314K
Est. $2,229/mo
830 Lincoln Ave
2bd / 1ba · 787 sqft · Condo
$315K
Est. $2,176/mo
906 Fig Street
2bd / 1.5ba · 1,080 sqft · Townhouse
$465K
Est. $2,686/mo
1240 Broadway
2bd / 1.5ba · 854 sqft · Condo
$368K
Est. $2,393/mo
830 Lincoln Ave
2bd / 1ba · 787 sqft · Condo
$335K
Est. $2,176/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
15 leases of 2-bed condos & townhomes within 2 mi · $2,175–$2,642
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,038/mo short at 20% down; 71% down or +$1,348/mo rent closes it.
- Break-even price
- $164,202
- Break-even rent
- $3,822/mo
- Cashflow at 35% down
- −$728/mo
- Down payment to break even
- 71%
- Rate to break even
- Not reachable
45% under asking
$1,348/mo above the estimate
$213,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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