1961 Carol Lee
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1961 Carol Lee

Ctop 80%

Escondido, CA 92026

$870,000
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: -$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.

Mortgage Calculator

Est. Monthly Payment

$6,201

Principal & Interest$4,800
Property Tax$870
Insurance$254
HOA$277
%($174,000)
%
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.

Investment Score

16C
Est. Monthly Rent
$3,390

10 leases of 2–4 bed condos & townhomes within 2 mi · $3,184–$3,490

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,811
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,316

What would make this work?

$4,316/mo short at 20% down; 92% down or +$5,605/mo rent closes it.

Break-even price

65% under asking

$305,324
Break-even rent

$5,605/mo above the estimate

$8,995/mo
Cashflow at 35% down
−$3,416/mo
Down payment to break even

$800,400 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,800
Cap Rate
0.90%
Cash-on-Cash
-29.76%
DSCR

Need ≥ 1.25 for DSCR loan

0.55

NOI (Annual)
$7,846
Price-to-Rent

Lower = better for investors

21.4

* 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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CCashflow−$4,316/mo