1622 Lotus
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1622 Lotus

Atop 10%

Escondido, CA 92026

$615,000
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: -$2,059/mo full cashflow at 20% down, 7.36% rate.

Works at $345,487 (44% under asking), or at 69% down.

Rent $3,676/mo from 8 leases of 1–3 bed houses within 2 mi ($3,580–$4,181).

Beds

2

Baths

2

Sqft

1,642

Year Built

1988

Days on Market

48

Property Type

Single Family

HOA/mo

$190

MLS ID

PTP2607273

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

Virtual Tour

About This Property

Beautifully maintained single-story detached home in the desirable Citrus Gardens 55+ community of Escondido. Offering approximately 1,642 sq. ft. of comfortable living space, this inviting residence features 2 bedrooms, 2 bathrooms, plus a versatile bonus room perfect for a home office, hobby room, den, or additional living space. Wheelchair access ramp and railing located at the front of the property. Enjoy added peace of mind with several major recent improvements already completed, including a NEW ROOF, NEW CENTRAL A/C UNIT AND FURNACE, NEW WATER SOFTENER SYSTEM, NEW GARAGE DOOR MOTOR, and recent plumbing upgrades. A PORTABLE GENERATOR FOR BACKUP POWER IS ALSO INCLUDED WITH THE SALE. The backyard features attractive synthetic turf, creating a clean, low-maintenance outdoor space ideal for relaxing and enjoying the Southern California lifestyle. Inside, you'll find a spacious living area with a cozy fireplace, a well-appointed kitchen with generous cabinetry and counter space, and a comfortable primary suite with a walk-in closet and private bath. Additional features include dual-pane windows, plantation shutters, a tankless water heater, and an attached 2-car garage with additional driveway parking. Citrus Gardens Low HOA fee of $190 a month includes Cable TV, Trash, a variety of community amenities, including a pool, spa, clubhouse, fitness facilities, billiard and card rooms, and gathering areas.

Mortgage Calculator

Est. Monthly Payment

$4,377

Principal & Interest$3,393
Property Tax$615
Insurance$179
HOA$190
%($123,000)
%
Loan Term

Location

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Investment Score

62A
Est. Monthly Rent
$3,676

8 leases of 1–3 bed houses within 2 mi · $3,580–$4,181

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$701
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,059

What would make this work?

$2,059/mo short at 20% down; 69% down or +$2,674/mo rent closes it.

Break-even price

44% under asking

$345,487
Break-even rent

$2,674/mo above the estimate

$6,350/mo
Cashflow at 35% down
−$1,423/mo
Down payment to break even

$424,350 cash

69%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,393
Cap Rate
2.96%
Cash-on-Cash
-20.09%
DSCR

Need ≥ 1.25 for DSCR loan

0.84

NOI (Annual)
$18,214
Price-to-Rent

Lower = better for investors

13.9

* 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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ACashflow−$2,059/mo