1751 Citracado #314
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1751 Citracado #314

Atop 10%

Escondido, CA 92029

$252,000

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

Works at $251,639, or at 21% down.

Rent $2,497/mo: model estimate from bedrooms, size and zip.

Beds

2

Baths

2

Sqft

1,355

Year Built

1978

Days on Market

172

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

ND26044688

This property is in Escondido (92029). Browse neighborhood analytics →

Virtual Tour

About This Property

AMAZING VIEWS FROM YOUR OWN PRIVATE BACK PORCH. THE VIEW can be seen of the MOUNTAINS in the distance as this home SITS AT THE APEX of the Park. LOCATED ON A CORNER LOT. NO HOMES ACROSS THE STREET. These words describe a few of the GREAT PLUSES of this home at Space 314 in Casa De Amigos. And a bonus for the Buyer, the Seller will provide a Section 1 Clearance meaning termites and dry rot repairs will be completed and paid for by the Seller. In addition, this 2 BR 2 BA home has been freshly painted throughout. The Master Bathroom has an updated vanity and combo shower/tub. The Guest Bathroom has newer STEP-IN SHOWER & A NEW VANITY. The Master Bedroom has two closets and a sliding glass door that exits directly from the Master Bedroom to the LARGE BACK PORCH where you can sit and relax & ENJOY THE VIEW. OUTSIDE CUSTOM PAVERS have been laid, along with low maintenance rocks interspersed with greenery. The tall mature trees provide excellent privacy whether you relax in your home or in the yard. This home is located in Casa de Amigos Senior Mobile Home Park, where you own your home, but lease your space. Please check w/Mgmt for the exact amount. This park is a 55+/45 Park, where one person who lives in the home must be 55 but a second person can be 45 or older. Casa de Amigos Senior Park and boasts "walking paths", tall fir trees and large boulders throughout the PARK. The PARK has a Large Clubhouse, swimming pool, exercise room, library, recreation room w/TV & couch, card tables & a pool table. Casa De Amigos is a short drive to LOCAL BEACHES. It is only 10 minutes from Rancho Santa Fe; 25 minutes to Del Mar or Carlsbad. Palomar Hospital and Lake Hodges are 2 miles from the home, as well as, local eateries, grocery shopping, home improvement stores & many other retail businesses that are near Space 314 in Casa de Amigos Senior Park.

Mortgage Calculator

Est. Monthly Payment

$1,716

Principal & Interest$1,390
Property Tax$252
Insurance$73
%($50,400)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bernardo Elementary · grades K-5 · Escondido Union

  • Middle

    Bear Valley Middle · grades 6-8 · Escondido Union

  • High

    San Pasqual 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

94A
Est. Monthly Rent
$2,497

Model estimate from bedrooms, size and zip

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$782
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3

What would make this work?

$3/mo short at 20% down; 21% down or +$3/mo rent closes it.

Break-even price

0% under asking

$251,639
Break-even rent

$3/mo above the estimate

$2,500/mo
Cashflow at 35% down
+$258/mo
Down payment to break even

$52,920 cash

21%
Rate to break even

at 20% down

7.34%

Mortgage (P+I)
$1,390
Cap Rate
7.20%
Cash-on-Cash
-0.06%
DSCR
1.46

NOI (Annual)
$18,150
Price-to-Rent

Lower = better for investors

8.4

* 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−$3/mo