140 El Norte Pkwy #3
1 / 20

140 El Norte Pkwy #3

Btop 30%

Escondido, CA 92026

$535,000
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: -$2,470/mo full cashflow at 20% down, 7.36% rate.

Works at $211,725 (60% under asking), or at 87% down.

Rent $2,790/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

79

Property Type

Townhouse

HOA/mo

$530

MLS ID

260020829SD

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

Virtual Tour

About This Property

PRICED TO SELL! Timeless style and modern comfort come together in this beautifully updated townhome featuring 2 bedrooms, 2.5 baths and 1184 sq. ft in the heart of Escondido. A private gated patio with newer pavers creates a warm welcome, while laminate wood flooring flows throughout the open and inviting main level. The spacious living room is anchored by a cozy gas fireplace, and newer dual-pane windows and doors fill the home with natural light. The generous kitchen features granite countertops, stainless steel appliances, abundant cabinetry, breakfast-bar seating, and direct access to the patio—perfect for indoor-outdoor living and entertaining. Upstairs, the expansive primary suite offers vaulted ceilings, ample closet space with newer doors, and an ensuite bath with an updated shower and extensive granite countertops. A second bedroom and updated full hall bath complete the upper level. Additional highlights include newer central heating and air conditioning, extra storage, and a detached two-car garage. Residents of Skylark Terrace enjoy lush, mature landscaping, a refreshing community pool, and a relaxing spa—all just minutes from shopping, dining, parks, schools, and convenient access to Highways 15 and 78.

Mortgage Calculator

Est. Monthly Payment

$4,173

Principal & Interest$2,952
Property Tax$535
Insurance$156
HOA$530
%($107,000)
%
Loan Term

Location

Loading map...

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

39B
Est. Monthly Rent
$2,790

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

Blended 50/50 with the zip's market median ($2,926)

Monthly Cashflow

Rent − PITIA

-$1,383
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,470

What would make this work?

$2,470/mo short at 20% down; 87% down or +$3,208/mo rent closes it.

Break-even price

60% under asking

$211,725
Break-even rent

$3,208/mo above the estimate

$5,998/mo
Cashflow at 35% down
−$1,917/mo
Down payment to break even

$465,450 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,952
Cap Rate
1.39%
Cash-on-Cash
-27.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.67

NOI (Annual)
$7,452
Price-to-Rent

Lower = better for investors

16.0

* 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.

Open Full Calculator
BCashflow−$2,470/mo