140 El Norte #59
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140 El Norte #59

Btop 30%

Escondido, CA 92026

$560,000
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: -$2,617/mo full cashflow at 20% down, 7.36% rate.

Works at $217,551 (61% under asking), or at 88% down.

Rent $2,756/mo from 16 leases of 2-bed condos & townhomes within 2 mi ($2,475–$3,018).

Beds

2

Baths

2.5

Sqft

1,184

Year Built

1980

Days on Market

147

Property Type

Condo

HOA/mo

$460

MLS ID

SW26133416

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

About This Property

Rare corner-unit condominium with a private gated courtyard and detached two-car garage in the desirable Skylark Terrace community of North Escondido. Offering 2 bedrooms, 2.5 bathrooms, and approximately 1,184 square feet of living space, this two-story home combines comfort, convenience, and low-maintenance living. Enter through the private gated front courtyard, an inviting outdoor space perfect for relaxing. Inside, you’ll find laminate wood flooring throughout the main living areas, including the living room, dining area, and kitchen, creating a warm and welcoming atmosphere. Upstairs features two bedrooms, two full bathrooms, and a unique bonus loft area accessed by a pull-down ladder, providing additional storage or flexible-use space. The primary bedroom features vaulted ceilings that enhance the sense of openness and natural light, while carpeting throughout the upper level adds comfort and warmth. This desirable corner-unit location offers added privacy and sits adjacent to a greenbelt with convenient guest parking nearby. The detached two-car garage is located within the private courtyard area, providing easy access to the home. Conveniently located near shopping, dining, parks, schools, and with quick access to Interstate 15, this property offers an excellent opportunity to enjoy comfortable living in North Escondido.

Mortgage Calculator

Est. Monthly Payment

$4,273

Principal & Interest$3,090
Property Tax$560
Insurance$163
HOA$460
%($112,000)
%
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.

Investment Score

37B
Est. Monthly Rent
$2,756

16 leases of 2-bed condos & townhomes within 2 mi · $2,475–$3,018

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,517
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,617

What would make this work?

$2,617/mo short at 20% down; 88% down or +$3,399/mo rent closes it.

Break-even price

61% under asking

$217,551
Break-even rent

$3,399/mo above the estimate

$6,155/mo
Cashflow at 35% down
−$2,038/mo
Down payment to break even

$492,800 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,090
Cap Rate
1.31%
Cash-on-Cash
-28.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$7,323
Price-to-Rent

Lower = better for investors

16.9

* 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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BCashflow−$2,617/mo