
20780 Fortuna Del Norte Elfin Forest
Dbottom 20%Escondido, CA 92029
Pass at asking: -$23,073/mo full cashflow at 20% down, 7.36% rate.
Works at $775,859 (80% under asking); even all cash loses money at asking.
Rent $7,700/mo from 17 leases of houses within 2 mi, size-adjusted ($7,601–$8,261).
Beds
8
Baths
6
Sqft
5,581
Year Built
1995
Days on Market
279
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2601241
This property is in Escondido (92029). Browse neighborhood analytics →
About This Property
Set atop a quiet hillside in the Elfin Forest community of San Diego, this gated California Mediterranean style estate is situated on 2.5 gently sloped acres and enjoys broad views overlooking miles of protected coastal chaparral and the trail system of Sage Hill Nature Reserve. This elevated outlook spans a wide swath of San Diego, with views as far as the La Jolla skyline. Such a setting provides the ultimate feeling of privacy and serenity with the additional benefit of limited neighboring development. Live almost entirely off the grid with a well tapped into a natural aquifer providing an abundance of natural clean water for the property–regardless of drought status–and enough land to opt out of the main power grid by installing solar farms to power the estate independently. The estate includes a heated swimming pool, a lighted tennis court, expansive lawn areas, a playground structure and mature landscaping throughout the grounds. The property also features a variety of established citrus trees. With its acreage, layout and access to a vast system of trails, the estate also offers ideal equestrian opportunity. Despite the feeling of remote, natural privacy, the estate is conveniently located approximately 8 minutes from the shops, dining and services of the vibrant San Elijo Village and within a lovely winding drive to some of the very best beaches in Southern California in North County San Diego. The property is also located within the attendance area of the R. Roger Rowe K-8 public school district of Rancho Santa Fe with designated access to a private gated back road directly to the Village of Rancho Santa Fe. Fortuna Del Norte presents a rare opportunity for a private gated estate offering acreage, panoramic views, resort-style living in one of North County's most majestic and sought after hillside communities of the Enchanted Elfin Forest.
Mortgage Calculator
Est. Monthly Payment
$25,840
Location
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Zoned Schools
Elementary
R. Roger Rowe Elementary · grades PK-5 · Rancho Santa Fe Elementary
Middle
R. Roger Rowe Middle · grades 6-8 · Rancho Santa Fe Elementary
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
2 comps foundThis Property
$7,700
Comp Average
$7,483
2477 Saffron Glen
6bd / 4ba · 4,104 sqft · Single Family
$2.30M
Est. $7,191/mo
20784 Fortuna Del Norte Elfin Forest
8bd / 6ba · 5,691 sqft · Single Family
$3.79M
Est. $7,775/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
17 leases of houses within 2 mi, size-adjusted · $7,601–$8,261
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$23,073/mo short at 20% down; +$29,965/mo rent closes it.
- Break-even price
- $775,859
- Break-even rent
- $37,665/mo
- Cashflow at 35% down
- −$19,148/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
80% under asking
$29,965/mo above the estimate
Negative even all-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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