1811 Iris Way

1811 Iris Way

D

Escondido, CA 92027

$899,000
NEW — 4d on market

Soft Appraisal Value: $889,000 · 1.1% above estimate

Beds

4

Baths

2

Sqft

2,310

Year Built

1968

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

260006939SD

Description

THE HIDDEN GEM OF ESCONDIDO IS A MUST SEE!!! This Stunning Single Story Ranch Style Home has been Remodeled Throughout with Designer’s Touches! Detached 2 Car Garage that can easily be Converted into an ADU all on a Huge Corner Lot that is Completely Fenced and Perfectly Tucked Away at the end of a Quiet Cul-De-Sac! This Highly Sought-After Home with an Open Floor Plan has Everything you are Looking for with Luxurious Vinyl Wood Plank Floorings Throughout the Entire Home! Gorgeous Quartz Kitchen Countertops with a Farm Sink & Bar Area and Newer Stainless-Steel Appliances and Gas Stove with Custom Hood Vent Surrounded by Soft-Close Cabinets. Large Walk-In Pantry & Laundry Room with Top-End LG Washer & Dryer. Completely Replaced HVAC with Nest Thermostat & New 50 Gallon Water Heater and ADT Self-Monitored Security System with Google Cameras. Enormous Living Room with Wood Beam Accent and Tons of Natural Lighting and has Dual Pane Windows with Sliding Doors and Recessed Lightings. Primary Bedroom has Luxurious Vinyl Wood Plank Floorings and Mirror Closets with Plenty of Storage Space and Newer Ceiling Fan. Primary Bathroom has Custom Marble Floorings and Tiled Shower & Beautiful Black Matte Fixtures and Quartz Countertops. The Other 2 Bedrooms are very Spacious and has Newer Fans and Mirror Closets. The 4th Bedroom is Huge that is Great for In-Law Suite or Flex Space with Mirror Closets and Tons of Storage Space and Newer Ceiling Fan. Spacious Hallway Bathroom has Custom Marble Floorings and Tiled Shower & Beautiful Black Matte Fixtures and Quartz Countertops. Large Backyard is Perfect for Entertaining all Year Round with Plenty of Room for a Pool. Professional Landscaping with Sprinkler Systems in Both Front and Backyard. The Large 2 Car Garage Has Plenty of Room for All Your Toys and Tons of Parking Spaces! Close to Schools, Shopping, Dining and Easy Freeway Access To 78 & 15! COUNTRY LIVING AT IT’S BEST!

Mortgage Calculator

Est. Monthly Payment

$5,707

Principal & Interest$4,546
Property Tax$899
Insurance$262
%($179,800)
%

Investment Score

4D
Est. Monthly Rent
$3,692
Monthly Cashflow

Rent − PITI − HOA

$-2,015
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,613

Mortgage (P+I)
$4,546
Cap Rate
1.24%
Cash-on-Cash
-24.11%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.65
Break-even Rent
$8,384

NOI (Annual)
$11,192
Price-to-Rent

Lower = better for investors

20.3

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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