1751 Citracado Parkway #315
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1751 Citracado Parkway #315

Atop 10%

Escondido, CA 92029

$275,000

Pass at asking: -$121/mo full cashflow at 20% down, 7.36% rate.

Works at $259,088 (6% under asking), or at 27% down.

Rent $2,572/mo: model estimate from bedrooms, size and zip.

Beds

2

Baths

2

Sqft

1,440

Year Built

1978

Days on Market

172

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2603840

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

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About This Property

Great opportunity to own your own home in a beautiful 55+ community!  This is a “Post HUD” home (built after June 1976) that qualifies for preferred financing, making ownership more accessible.  The exterior is designed for both privacy and enjoyment, featuring a fenced yard ideal for small pets, a private covered porch, and a charming brick patio with pergola and low-maintenance turf—all perfectly positioned to capture panoramic northeast VIEWS. Two storage sheds provide added convenience.  Newer roof (approx 5 years). Inside, the spacious layout offers both a separate living room and family room, with vaulted ceilings enhancing the light and openness of the living and dining areas. Thoughtful built-ins and hidden pantry storage can be found throughout the home.  The remodeled farmhouse-style kitchen is both stylish and functional, featuring a large corner pantry and built-in dining bar—ideal for everyday living and entertaining. Dual-pane windows and five ceiling fans add to the home’s comfort and efficiency.  Both bedrooms feature en-suite bathrooms, each tastefully updated. The primary suite offers two closets, including a walk-in, along with a spacious bathroom complete with double sinks and a large soaking tub.  Located in Casa De Amigos, a unique 55+ community known for its peaceful, rural feel, residents enjoy lush greenery, natural boulder landscapes, and scenic walking paths. Community amenities include a clubhouse, pool, and spa. Conveniently located just 1.5 miles from Palomar Hospital, 2 miles from Lake Hodges, and close to shopping, dining, and home improvement stores. Only 10 minutes to Rancho Santa Fe, 20 minutes to Del Mar, and 30 minutes to San Diego’s beautiful beaches.  Space rent is $874.42/month. Two small pets allowed with park approval. Second resident may be age 30+.

Mortgage Calculator

Est. Monthly Payment

$1,872

Principal & Interest$1,517
Property Tax$275
Insurance$80
%($55,000)
%
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

92A
Est. Monthly Rent
$2,572

Model estimate from bedrooms, size and zip

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$700
Full Cashflow

Incl. vacancy, PM, maint, capex

-$121

What would make this work?

$121/mo short at 20% down; 27% down or +$157/mo rent closes it.

Break-even price

6% under asking

$259,088
Break-even rent

$157/mo above the estimate

$2,729/mo
Cashflow at 35% down
+$164/mo
Down payment to break even

$74,250 cash

27%
Rate to break even

at 20% down

6.54%

Mortgage (P+I)
$1,517
Cap Rate
6.65%
Cash-on-Cash
-2.64%
DSCR
1.37

NOI (Annual)
$18,298
Price-to-Rent

Lower = better for investors

8.9

* 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−$121/mo