2065 Matthew Place
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2065 Matthew Place

Btop 30%

Escondido, CA 92027

$749,000
NEW — 0d

Pass at asking: -$2,727/mo full cashflow at 20% down, 7.43% rate.

Works at $393,886 (47% under asking), or at 73% down.

Rent $3,929/mo from 8 leases of 3-bed houses within 2 mi ($3,817–$4,267).

Beds

3

Baths

2.5

Sqft

1,498

Year Built

1978

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610074

This property is in Escondido (92027). View neighborhood stats →

Virtual Tour

About This Property

Welcome to 2065 Matthew Place – City living on a great cul-de-sac lot! Nestled at the end of a quiet, family-friendly cul-de-sac in Escondido, this 3-bedroom, 2-1/2 bathroom single-family home offers the perfect blend of modern comfort, peace of mind, and outdoor versatility. The 4th bedroom was converted to a family room area but can be turned back to bedroom if desired. The moment you arrive, the expansive lot and dedicated RV parking welcome you, offering plenty of space for your vehicles, toys, or weekend projects. Step inside to a bright, airy interior that is freshly painted and complements the nice tile flooring of the downstairs. The heart of the home—the kitchen—boasts freshly painted cabinetry and brand new gas range, dishwasher, microwave and newer stainless steel refrigerator making it move in ready! Upstairs, you will find plush, brand-new carpeting that adds warmth and comfort to the bedroom spaces and ceiling fans in each bedroom. What truly sets this home apart are the massive, high-ticket updates that ensure years of worry-free ownership. Enjoy maximum energy efficiency and year-round comfort with a brand-new HVAC system, along with a brand-new washer and dryer set included with the home and a newer roof done in 2025! The garage also has a loft area of approx 200 sq ft and attic space of about 100 sf accessible by the drop down ladder in the garage! Plenty of storage for extra household items! The outdoor space is a rare find for the area. Situated on a generous, oversized lot, the expansive backyard is framed by partial new fencing, creating a private and secure oasis perfect for entertaining, children, or pets. Don’t miss your chance to own a home with a good sized lot, no HOA, no Mello Roos and conveniently located! Come and see it before it is taken!

Mortgage Calculator

Est. Monthly Payment

$5,128

Principal & Interest$4,161
Property Tax$749
Insurance$218
%($149,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Glen View 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.

Investment Score

51B
Est. Monthly Rent
$3,929

8 leases of 3-bed houses within 2 mi · $3,817–$4,267

Blended 50/50 with the zip's market median ($3,700)

Monthly Cashflow

Rent − PITIA

-$1,199
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,727

What would make this work?

$2,727/mo short at 20% down; 73% down or +$3,541/mo rent closes it.

Break-even price

47% under asking

$393,886
Break-even rent

$3,541/mo above the estimate

$7,470/mo
Cashflow at 35% down
−$1,947/mo
Down payment to break even

$546,770 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,161
Cap Rate
2.61%
Cash-on-Cash
-21.84%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$19,567
Price-to-Rent

Lower = better for investors

15.9

* 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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BCashflow−$2,727/mo