1751 Citracado #291
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1751 Citracado #291

Atop 10%

Escondido, CA 92029

$354,000

Pass at asking: -$553/mo full cashflow at 20% down, 7.36% rate.

Works at $281,632 (20% under asking), or at 43% down.

Rent $2,795/mo: model estimate from bedrooms, size and zip.

Beds

2

Baths

2

Sqft

1,640

Year Built

1980

Days on Market

131

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

ND26144932

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

Virtual Tour

About This Property

TURN KEY & MOVE IN READY. This inviting 2 BR 2 BA TRIPLE WIDE home offers 1640 sq. ft. of comfortable living space in Casa de Amigos Senior Park. The light-filled OPEN FLOOR PLAN features an expansive living room with VAULTED CEILINGS and beautiful wide-plank, coastal-themed LUXURY VINYL PLANK (LVP) FLOORING, alongside light-patterned carpet in the bedrooms. The gourmet kitchen is equipped with a TOP-OF-THE-LINE Zline gas cooktop, stainless-steel Kohler farmhouse sink, and a new Frigidaire refrigerator and dishwasher. Comfort is provided by a full-house AC managed by a NEST thermostat, complemented by remote-controlled CEILING LIGHT/FANS in each living area. The generously sized primary bedroom features an extra-large WALK-IN CLOSET, outdoor slider access, and an updated primary bathroom. A special feature is a Clerestory window providing views of the outside of the sky & greenery of nature. The attached primary bathroom includes a CUSTOM STEP-IN ALCOVE SHOWER with a built-in bench and GRAB BARS. Exterior highlights include front and back decks, a low maintenance backyard, two wooden storage sheds, on site parking, and a highly PRIVATE, covered BACK PORCH with an overhead fan. ALL APPLIANCES CONVEY, including the newer washer and dryer. This home has NO PROPERTY TAXES TO PAY because home is currently on HCD registration fees; Buyer to verify amount. Located in Southwest Escondido, Casa de Amigos is a premier 55+ senior community where you rent the space of the home you purchase. Buyer to check space rent with Park management. Casa de Amigos features scenic walking paths, a large clubhouse, a year-round heated pool & spa, an exercise room, a library and a recreation room. Conveniently located just 2 miles from Palomar Hospital and Lake Hodges and a short drive to local eateries, grocery stores, and retail hubs. And Local Beaches are as close as a 20-minute drive.

Mortgage Calculator

Est. Monthly Payment

$2,410

Principal & Interest$1,953
Property Tax$354
Insurance$103
%($70,800)
%
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

83A
Est. Monthly Rent
$2,795

Model estimate from bedrooms, size and zip

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$385
Full Cashflow

Incl. vacancy, PM, maint, capex

-$553

What would make this work?

$553/mo short at 20% down; 43% down or +$718/mo rent closes it.

Break-even price

20% under asking

$281,632
Break-even rent

$718/mo above the estimate

$3,513/mo
Cashflow at 35% down
−$187/mo
Down payment to break even

$152,220 cash

43%
Rate to break even

at 20% down

4.29%

Mortgage (P+I)
$1,953
Cap Rate
5.22%
Cash-on-Cash
-9.37%
DSCR

Need ≥ 1.25 for DSCR loan

1.16

NOI (Annual)
$18,479
Price-to-Rent

Lower = better for investors

10.6

* 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−$553/mo