1817 Grand Avenue #49
Atop 10%Escondido, CA 92027
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$1,071/mo full cashflow at 20% down, 7.43% rate.
Works at $160,346 (47% under asking), or at 72% down.
Rent $2,288/mo from 1 lease in this building.
Beds
2
Baths
2
Sqft
979
Year Built
1974
Days on Market
45
Property Type
Condo
HOA/mo
$530
MLS ID
SW26210035
This property is in Escondido (92027). View neighborhood stats →
About This Property
This Condo is 979 Sq. Ft. with 2 bedrooms and 2 baths. Unit is located in the community of Pepperwood Meadows in the city of Escondido. This unit needs a Handyman to make some upgrades, It is dated and needs work but it is in a great location on the bottom floor near parking spaces. This community is Situated near parks, Oak Hill Elementary and nearby all the shopping. Grocery stores, Home Depot, Walmart all close enough to walk to. Good Transit access minutes from the I-15 this neighborhood is family friendly
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Est. Monthly Payment
$2,583
Location
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Zoned Schools
Elementary
Oak Hill Elementary · grades K-5 · Escondido Union
Middle
Hidden Valley Middle · grades 6-8 · Escondido Union
High
Orange Glen 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.
Renovation math
Flagged Fixer from the listing remarks — “needs work”.
- Asking now
- $300K
- Worth finished
- $411K
- Budget to renovate
- $111,300
$306/sqft
$420/sqft × 979 sqft
$114/sqft to spend
Comparable finished homes nearby suggest this is worth $411K once it's brought to par — about $111,300 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $2,616/mo
- Cashflow at that rent
- −$819/mo
$2.67/sqft × 979 sqft, median of 5 comps
cap rate 3.91%, DSCR 1.01
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$2,288
Comp Average
$2,449
475 Midway Drive
2bd / 2ba · 964 sqft · Condo
$400K
Est. $2,576/mo
475 Midway Dr
2bd / 2ba · 964 sqft · Condo
$405K
Est. $2,576/mo
475 Midway Dr
2bd / 1ba · 964 sqft · Condo
$409K
Est. $2,576/mo
2012 Mission Ave.
2bd / 1.5ba · 910 sqft · Condo
$350K
Est. $2,319/mo
1817 Grand Avenue
2bd / 1.5ba · 905 sqft · Condo
$385K
Est. $2,200/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building
Thin data: only 1 lease behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,071/mo short at 20% down; 72% down or +$1,391/mo rent closes it.
- Break-even price
- $160,346
- Break-even rent
- $3,679/mo
- Cashflow at 35% down
- −$759/mo
- Down payment to break even
- 72%
- Rate to break even
- Not reachable
47% under asking
$1,391/mo above the estimate
$215,928 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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