1051 Rock Springs Road #242
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: -$1,351/mo full cashflow at 20% down, 7.43% rate.
Works at $138,175 (56% under asking), or at 82% down.
Rent $2,222/mo from 15 leases of 2-bed condos & townhomes within 2 mi ($2,046–$2,485).
Beds
2
Baths
1
Sqft
821
Year Built
1980
Days on Market
0
Property Type
Condo
HOA/mo
$650
MLS ID
PTP2608315
This property is in Escondido (92026). Browse neighborhood analytics →
About This Property
Incredible owner or investment opportunity! Beautiful, bright and open floor plan. Recently renovated and thoroughly refreshed, this inviting 2 bedroom, 1 bathroom condo offers comfortable single level living in a highly desireable and convenient Escondido location, The home features new flooring, new bath fixtures, and new custom paint! A bright, welcoming feel and an updated interior that's ready to enjoy! Whether you're looking for a place to call home, or a low maintenance alternative to a larger property, this wonderful opportunity to settle into a well located community near shopping, dining, and everyday convenience. Too much to list! A must see!!
Mortgage Calculator
Est. Monthly Payment
$2,800
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
$2,222
Comp Average
$2,257
1051 Rock Springs Road
2bd / 2ba · 928 sqft · Condo
$300K
Est. $2,459/mo
1350 Escondido Blvd
1bd / 1ba · 628 sqft · Condo
$310K
Est. $2,035/mo
830 Lincoln Ave
2bd / 1ba · 787 sqft · Condo
$315K
Est. $2,198/mo
1240 Broadway
2bd / 1.5ba · 854 sqft · Condo
$368K
Est. $2,393/mo
830 Lincoln Ave
2bd / 1ba · 787 sqft · Condo
$335K
Est. $2,198/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 · $2,046–$2,485
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,351/mo short at 20% down; 82% down or +$1,755/mo rent closes it.
- Break-even price
- $138,175
- Break-even rent
- $3,977/mo
- Cashflow at 35% down
- −$1,024/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$1,755/mo above the estimate
$257,480 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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