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1866 Fairway Park Circle #A
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1866 Fairway Park Circle #A

Atop 10%

Escondido, CA 92026

$513,000
STR limited · Escondido pilot, owners only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$2,049/mo full cashflow at 20% down, 7.36% rate.

Works at $245,007 (52% under asking), or at 78% down.

Rent $3,222/mo from 8 leases of 1–3 bed condos & townhomes within 2 mi ($3,233–$3,612).

Beds

2

Baths

2

Sqft

1,465

Year Built

1964

Days on Market

85

Property Type

Condo

HOA/mo

$609

MLS ID

NDP2607729

This property is in Escondido (92026). Browse neighborhood analytics →

Virtual Tour

About This Property

0 Nice two bedroom two bath duplex in the country club area of west Escondido. Home is located in the San Marcos school district. Fenced back yard with multiple fruit trees, apple, peach, orange, lemon, pomegranate and passion fruit. Newer LVP flooring in main living areas and hallway, tile kitchen and baths, newer carpet in bedrroms. Upgraded stainless appliances and granite counter tops in kitchen. Appliances are included, refrrigerator, microwave, washer and gas dryer. Central heat and air conditioning, nice open floor plan with lots of natural light, in a sought after neighborhood.

Mortgage Calculator

Est. Monthly Payment

$4,102

Principal & Interest$2,830
Property Tax$513
Insurance$150
HOA$609
%($102,600)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Richland Elementary · grades K-5 · San Marcos Unified

  • Middle

    Woodland Park Middle · grades 6-8 · San Marcos Unified

  • High

    Mission Hills High · grades 9-12 · San Marcos Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$3,222

vs

Comp Average

$3,106

29402 Circle R Greens Dr

29402 Circle R Greens Dr

2bd / 2ba · 1,396 sqft · Townhouse

$550K

Est. $3,173/mo

318 Windyridge

318 Windyridge

2bd / 2.5ba · 1,536 sqft · Townhouse

$595K

Est. $3,033/mo

140 El Norte

140 El Norte

2bd / 2.5ba · 1,184 sqft · Condo

$560K

Est. $2,756/mo

29585 Circle R Greens

29585 Circle R Greens

3bd / 2ba · 1,506 sqft · Condo

$724K

Est. $3,650/mo

342 Windyridge Gln

342 Windyridge Gln

2bd / 2.5ba · 1,536 sqft · Townhouse

$679K

Est. $2,916/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

52A
Est. Monthly Rent
$3,222

8 leases of 1–3 bed condos & townhomes within 2 mi · $3,233–$3,612

Blended 50/50 with the zip's market median ($3,018)

Monthly Cashflow

Rent − PITIA

-$880
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,049

What would make this work?

$2,049/mo short at 20% down; 78% down or +$2,661/mo rent closes it.

Break-even price

52% under asking

$245,007
Break-even rent

$2,661/mo above the estimate

$5,883/mo
Cashflow at 35% down
−$1,518/mo
Down payment to break even

$400,140 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$2,830
Cap Rate
2.20%
Cash-on-Cash
-23.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.79
NOI (Annual)
$11,310
Price-to-Rent

Lower = better for investors

13.3

* 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−$2,049/mo