20784 Fortuna Del Norte Elfin Forest
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20784 Fortuna Del Norte Elfin Forest

Dbottom 20%

Escondido, CA 92029

$3,795,000

Pass at asking: -$23,016/mo full cashflow at 20% down, 7.36% rate.

Works at $783,429 (79% under asking); even all cash loses money at asking.

Rent $7,775/mo from 17 leases of houses within 2 mi, size-adjusted ($7,676–$8,342).

Beds

8

Baths

6

Sqft

5,691

Year Built

1999

Days on Market

176

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2604848

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 designed to fully unwind and reconnect with nature in a completely private oasis. At Fortuna Del Norte, the noise of the outer world melts away into your very own serene hillside, yet its very Western location lends itself to all the conveniences of modern life being only five minutes away from the vibrant shops, dining and groceries in the San Elijo Village and a relaxing drive through the hills to some of the best beaches in Southern California right here in North County San Diego. This 2.5 acre estate enjoys broad views overlooking miles of protected coastal chaparral and the trail system of Sage Hill Nature Reserve, spanning a wide swath of San Diego 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 from the adjacent reserve. 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. Fortuna Del Norte also includes two detached casitas: one complete with Jack-and-Jill style bedrooms close to the main residence for the ultimate guest experience and another out of view of the main residence as a completely self-sufficient one-bedroom-style home situated perfectly for rental income or multigenerational living. The estate is equipped for full equestrian use, a luxurious heated swimming pool paired with an integrated waterfall jacuzzi, a variety of mature citrus and fruit trees, and lush landscaping throughout the grounds. 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 leading directly to Rancho Santa Fe. Fortuna Del Norte presents a rare opportunity for the ultimate gated estate offering privacy, acreage, panoramic views and 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

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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 found

This Property

$7,775

vs

Comp Average

$7,446

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

Investment Score

0D
Est. Monthly Rent
$7,775

17 leases of houses within 2 mi, size-adjusted · $7,676–$8,342

Monthly Cashflow

Rent − PITIA

-$18,065
Full Cashflow

Incl. vacancy, PM, maint, capex

-$23,016

What would make this work?

$23,016/mo short at 20% down; +$29,890/mo rent closes it.

Break-even price

79% under asking

$783,429
Break-even rent

$29,890/mo above the estimate

$37,665/mo
Cashflow at 35% down
−$19,090/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
-0.53%
Cash-on-Cash
-36.39%
DSCR

Need ≥ 1.25 for DSCR loan

0.30

NOI (Annual)
-$20,268
Price-to-Rent

Lower = better for investors

40.7

* 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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DCashflow−$23,016/mo