1301 Gary Lane
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1301 Gary Lane

Ctop 80%

Escondido, CA 92026

$724,900
STR limited · Escondido pilot, owners only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$3,390/mo full cashflow at 20% down, 7.36% rate.

Works at $281,270 (61% under asking), or at 88% down.

Rent $3,337/mo from 13 leases of houses within 2 mi, size-adjusted ($3,229–$3,708).

Beds

2

Baths

2

Sqft

1,236

Year Built

1980

Days on Market

63

Property Type

Single Family

HOA/mo

$420

MLS ID

260022205SD

This property is in Escondido (92026). Browse neighborhood analytics →

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About This Property

Amazing turn-key, move-in-ready single story home. Completely remodeled top to bottom in stunning fashion with a designer flair and an architects eye. A fabulous wrap around patio allows for outdoor living and lifestyle at its finest! Perfectly situated in a private setting with no immediate neighbors. Recent upgrades include a gourmet dream kitchen & stainless appliances 2023, quartz counter top with custom tile backsplash, gas oven/range, tons on counter space, large island with seating, ample cabinet storage, saltillo tile floor, & recessed LED lighting. Large living room with cozy fireplace, custom pine ceiling with wood beam accents, built in shelving for audio/video devices, sliding glass door to the extra large rear patio & wood laminate flooring. Great wet bar with sink, quartz top, tile back splash & lighted shelving, with wine refrigerator. Both bath rooms have been tastefully remodeled, primary has dual sinks, smart mirror, & custom tiled walk in shower. Primary bedroom has walk in closest. Other features include interior closet laundry, reroofed 4 years ago. Newer HVAC 2022, dual panel replacement doors & windows throughout 2023, new electric panel, most interior doors replaced, new electrical & plumbing fixtures throughout. There are two large patios perfect for outdoor living. Side patio is approximately 11' x 40' and take advantage of the great breeze and view. The rear patio 18'x 27' is a great private setting meant for relaxing! There are many custom design features such as sliding barn doors, built in shelving, & wood panel accents. This is the only detached stand alone home in the small Planned Unit Development (PUD) Terrace Community of 44 dwellings. Excellent location!! Close to all including groceries, schools, shopping, dining, walking trails, parks, easy freeway access, don't miss out!!

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Est. Monthly Payment

$5,356

Principal & Interest$3,999
Property Tax$725
Insurance$211
HOA$420
%($144,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Reidy Creek Elementary · grades K-5 · 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.

Investment Score

29C
Est. Monthly Rent
$3,337

13 leases of houses within 2 mi, size-adjusted · $3,229–$3,708

Blended 50/50 with the zip's market median ($3,234)

Monthly Cashflow

Rent − PITIA

-$2,018
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,390

What would make this work?

$3,390/mo short at 20% down; 88% down or +$4,403/mo rent closes it.

Break-even price

61% under asking

$281,270
Break-even rent

$4,403/mo above the estimate

$7,740/mo
Cashflow at 35% down
−$2,640/mo
Down payment to break even

$637,912 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,999
Cap Rate
1.29%
Cash-on-Cash
-28.06%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$9,316
Price-to-Rent

Lower = better for investors

18.1

* 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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CCashflow−$3,390/mo