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1230 Sheridan Ave
1 / 20

1230 Sheridan Ave

Ctop 80%

Escondido, CA 92027

$1,279,900
STR limited · Escondido pilot, owners only · TOT 10%

Pass at asking: -$6,247/mo full cashflow at 20% down, 7.43% rate.

Works at $466,494 (64% under asking), or at 91% down.

Rent $4,653/mo from 13 leases of 3–5 bed houses within 2 mi ($4,130–$4,713).

Beds

4

Baths

2

Sqft

1,780

Year Built

1967

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023242SD

This property is in Escondido (92027). View neighborhood stats →

Virtual Tour

About This Property

Rare opportunity to own a beautifully remodeled, single-story country estate on a flat, usable 2.7-acre parcel in Escondido! Boasting exceptional curb appeal and a peaceful rural vibe, this 4-bedroom home has been upgraded from top to bottom. Enjoy ultimate peace of mind with a brand-new roof, and stunning new flooring throughout. The highly desirable single-story layout optimizes natural light and comfort, keeping you tucked away in a quiet country pocket yet close to everything Escondido has to offer. The sprawling, level lot offers an unparalleled canvas for savvy buyers, builders, or investors. With 2.7 flat and fully usable acres, there is incredible potential for development, subdivision, or creating a private compound with ADUs, a pool, or a workshop. Properties with this much usable acreage and development upside are a rare find in North County San Diego.

Mortgage Calculator

Est. Monthly Payment

$8,764

Principal & Interest$7,110
Property Tax$1,280
Insurance$373
%($255,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Conway Elementary · grades K-6 · 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.

Comparable Properties

5 comps found

This Property

$4,653

vs

Comp Average

$4,362

1140 Daisy

1140 Daisy

4bd / 2ba · 1,945 sqft · Single Family

$790K

Est. $4,547/mo

1651 Donalor

1651 Donalor

4bd / 2ba · 1,508 sqft · Single Family

$800K

Est. $4,430/mo

2420 Linda

2420 Linda

4bd / 2ba · 1,600 sqft · Single Family

$799K

Est. $4,086/mo

1346 Birch Avenue

1346 Birch Avenue

4bd / 2ba · 1,975 sqft · Single Family

$999K

Est. $4,592/mo

1461 Boyle Avenue

1461 Boyle Avenue

3bd / 2ba · 1,920 sqft · Single Family

$949K

Est. $4,156/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

10C
Est. Monthly Rent
$4,653

13 leases of 3–5 bed houses within 2 mi · $4,130–$4,713

Blended 50/50 with the zip's market median ($4,661)

Monthly Cashflow

Rent − PITIA

-$4,110
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,247

What would make this work?

$6,247/mo short at 20% down; 91% down or +$8,113/mo rent closes it.

Break-even price

64% under asking

$466,494
Break-even rent

$8,113/mo above the estimate

$12,766/mo
Cashflow at 35% down
−$4,914/mo
Down payment to break even

$1,164,709 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$7,110
Cap Rate
1.03%
Cash-on-Cash
-29.29%
DSCR

Need ≥ 1.25 for DSCR loan

0.53
NOI (Annual)
$13,152
Price-to-Rent

Lower = better for investors

22.9

* 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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CCashflow−$6,247/mo