
1622 Lotus
Atop 10%Escondido, CA 92026
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 →
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
Location
Loading map...
Comparable Properties
5 comps foundThis Property
$3,676
Comp Average
$3,016
8975 Lawrence Welk Dr
2bd / 2ba · 1,714 sqft · Manufactured
$445K
Est. $2,402/mo
1711 Kiwi
2bd / 2ba · 1,646 sqft · Manufactured
$495K
Est. $2,402/mo
8975 Lawrence Welk Drive
2bd / 2ba · 1,750 sqft · Manufactured
$527K
Est. $2,402/mo
1626 David Dr.
3bd / 2ba · 1,702 sqft · Single Family
$880K
Est. $4,114/mo
3346 Laurashawn Lane
3bd / 2ba · 1,650 sqft · Single Family
$883K
Est. $3,760/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed houses within 2 mi · $3,580–$4,181
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,059/mo short at 20% down; 69% down or +$2,674/mo rent closes it.
- Break-even price
- $345,487
- Break-even rent
- $6,350/mo
- Cashflow at 35% down
- −$1,423/mo
- Down payment to break even
- 69%
- Rate to break even
- Not reachable
44% under asking
$2,674/mo above the estimate
$424,350 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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