1937 Bernardo Avenue
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1937 Bernardo Avenue

D

Escondido, CA 92025

$1,150,000

Soft Appraisal Value: $1,118,500 · 2.8% above estimate

Beds

3

Baths

2

Sqft

1,496

Year Built

1951

Days on Market

11

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2604739

This property is in Escondido (92025). View neighborhood stats →

Virtual Tour

About This Property

Top 5 reasons to fall in love with this home & property. 1). Location: elevated flat & completely usable .39 acre with commanding panoramic 30-mile Eastern views of Cuyamaca Mtns (5,700' elevation). Two-minute drive to Escondido's finest shopping (Trader Joe's and Major Market). Dead-end community with only one entry and exit point which creates natural security. 2).  Style, taste, and understated elegance.  This home's finishes were designed by a professional interior decorator which creates a feast for the senses in a thoughtfully curated palette of colors, patterns and finishes...you are sure to fall in love the moment that you walk inside. 3).  No HOA and a flat & usable yard awaiting your dreams and passions. Have you always wanted an elaborate garden, orchard, pickleball court, pool or personal petting zoo...you dream it up, there is tons of room and easy double-gate side yard access off the driveway. 4). Darling casita ADU.  This tiny home exudes so much warmth and charm, has AC and will spoil your guests, inlaws, or outlaws beyond their expectations or rent this home for income (previous tenant paid $1,900 per month on a one-year lease). 5).  Last but not least, PAID solar, 29 panel system producing 15 MWh per year, installed in 2022. The owners have NEVER paid an electric bill.  With newer central AC, you will be chillin without any guilt. Keep date-night alive and ride to nearby wineries, restaurants and breweries. See attached list of Seller improvements like a brand new 30-year roof on the home and garage. Come fall in love and start your new life right here.

Mortgage Calculator

Est. Monthly Payment

$7,300

Principal & Interest$5,815
Property Tax$1,150
Insurance$335
%($230,000)
%

Location

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Investment Score

6D
Est. Monthly Rent
$3,899
Monthly Cashflow

Rent − PITIA

$-3,401
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,256

Mortgage (P+I)
$5,815
Cap Rate
0.58%
Cash-on-Cash
-27.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.53
Break-even Rent
$10,725

NOI (Annual)
$6,707
Price-to-Rent

Lower = better for investors

24.6

* 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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