20780 Fortuna Del Norte Elfin Forest
1 / 20

20780 Fortuna Del Norte Elfin Forest

Dbottom 20%

Escondido, CA 92029

$3,795,000

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 →

Virtual Tour

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

Principal & Interest$20,938
Property Tax$3,795
Insurance$1,107
%($759,000)
%
Loan Term

Location

Loading map...

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 found

This Property

$7,700

vs

Comp Average

$7,483

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$7,700

17 leases of houses within 2 mi, size-adjusted · $7,601–$8,261

Monthly Cashflow

Rent − PITIA

-$18,140
Full Cashflow

Incl. vacancy, PM, maint, capex

-$23,073

What would make this work?

$23,073/mo short at 20% down; +$29,965/mo rent closes it.

Break-even price

80% under asking

$775,859
Break-even rent

$29,965/mo above the estimate

$37,665/mo
Cashflow at 35% down
−$19,148/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$20,938
Cap Rate
-0.55%
Cash-on-Cash
-36.48%
DSCR

Need ≥ 1.25 for DSCR loan

0.30

NOI (Annual)
-$21,006
Price-to-Rent

Lower = better for investors

41.1

* 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.

Open Full Calculator
DCashflow−$23,073/mo