
1961 Carol Lee
Ctop 80%Escondido, CA 92026
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$4,316/mo full cashflow at 20% down, 7.36% rate.
Works at $305,324 (65% under asking), or at 92% down.
Rent $3,390/mo from 10 leases of 2–4 bed condos & townhomes within 2 mi ($3,184–$3,490).
Beds
3
Baths
2.5
Sqft
1,412
Year Built
2023
Days on Market
61
Property Type
Condo
HOA/mo
$277
MLS ID
OC26199559
This property is in Escondido (92026). Browse neighborhood analytics →
About This Property
Built in 2022 and nicely upgraded throughout, this 3-bedroom, 2.5-bath home is located in North Escondido’s popular Canopy Grove community, just a short walk from the neighborhood amenities. The downstairs has an open layout that connects the living, dining, and kitchen areas, making it easy to entertain or simply enjoy day-to-day living. The kitchen stands out with light cabinets, white quartz counters, a modern backsplash, plenty of storage, and a large island where everyone naturally gathers. Central A/C and dual-pane windows help keep the home comfortable throughout the year. Upstairs, you’ll find two secondary bedrooms, a separate laundry room, and a private primary suite set apart at the other end of the hall. The primary bedroom includes a walk-in closet, dual sinks, and a spacious walk-in shower. Other features include an attached two-car garage, tankless water heater, and paid solar. This is a great opportunity to own a newer home with stylish finishes and energy-saving features in one of North Escondido’s most desirable newer communities.
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Est. Monthly Payment
$6,201
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 foundThis Property
$3,390
Comp Average
$3,249
29402 Circle R Greens Dr
2bd / 2ba · 1,396 sqft · Townhouse
$550K
Est. $3,173/mo
29585 Circle R Greens
3bd / 2ba · 1,506 sqft · Condo
$724K
Est. $3,650/mo
2607 Radiant Glen
2bd / 2.5ba · 1,414 sqft · Townhouse
$762K
Est. $3,428/mo

29549 Circle R Greens Dr.
2bd / 2ba · 1,396 sqft · Townhouse
$699K
Est. $3,170/mo
413 Mahogany
2bd / 2ba · 1,352 sqft · Townhouse
$670K
Est. $2,826/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 2–4 bed condos & townhomes within 2 mi · $3,184–$3,490
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,316/mo short at 20% down; 92% down or +$5,605/mo rent closes it.
- Break-even price
- $305,324
- Break-even rent
- $8,995/mo
- Cashflow at 35% down
- −$3,416/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$5,605/mo above the estimate
$800,400 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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