21415 Riding Trail Drive
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21415 Riding Trail Drive

Ctop 80%

Escondido, CA 92029

$899,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$3,670/mo full cashflow at 20% down, 7.36% rate.

Works at $418,772 (53% under asking), or at 80% down.

Rent $4,473/mo from 8 leases of 2–4 bed houses in 92029 ($3,901–$5,293).

Beds

3

Baths

2.5

Sqft

1,873

Year Built

2017

Days on Market

78

Property Type

Single Family

HOA/mo

$244

MLS ID

PTP2606500

This property is in Escondido (92029). Browse neighborhood analytics →

Virtual Tour

About This Property

21415 Riding Trail Drive | Built 2017 | 3 Bedroom | 2.5 Bath | Upgraded Tile | Tankless Water Heater | Owned Solar | Whole House Water Softener | Water Purifier | Crown Molding | Upgraded Staircase Banister | Wood Blinds | Stone Accent Wall | Tile Accent Wall | 220 Electrical Outlet | Window Casings | Recessed Lighting | Pendant Lighting | Full Tile Backsplash Highly upgraded Lusitano neighborhood home in Harmony Grove Village! Original homeowners with true pride of ownership throughout—this home has been meticulously maintained and thoughtfully enhanced with high quality upgrades. Featuring 3 bedrooms, 2.5 baths, Paid solar with 12 panels, and an array of custom finishes designed for comfort, style, and functionality. The main level welcomes you with upgraded tile flooring, crown molding, new baseboards, window casings, recessed lighting, pendant lighting, wood blinds and a beautiful stone accent wall. The downstairs powder room features a pedestal sink with upgraded hardware, framed mirror, upgraded light fixture and privacy window treatment on window. The kitchen is thoughtfully appointed with a full tile backsplash, upgraded single-basin sink installed in 2023, crown molding, recessed lighting, island w/ seating, pendant lighting, and convenient pull-out trash receptacle. Additional features include J-boxes for electrical in all rooms upstairs & downstairs, a tankless water heater, and 220 electrical outlet. Interior paint and new baseboards & crown molding added in 2021. Upstairs features all 3 bedrooms, providing a comfortable & private living space. The upgraded staircase banister adds an elegant touch as you make your way to the second level. The primary suite offers a walk-in closet, wood blinds and ceiling fan with light. The primary bathroom features dual sinks, framed mirror, tile flooring, walk-in shower & separate toilet room. The additional bedrooms provide flexibility for family, guests, a home office, or other needs with the second bedroom boasting a custom tile accent wall, a built in media center with open shelving & wood blinds. The third bedroom showcases a sleek & convenient murphy bed / office desk combo along with a ceiling fan with light & wood blinds. The upstairs shared bathroom includes dual sinks and a shower & tub combo with easy access for both additional bedrooms. The second level laundry room boasts upper storage cabinets, lower storage cabinets, counter space, a big basin sink & wood blinds. The beautifully upgraded side yard includes a custom raised deck with pavers & drainage, retaining wall, firepit and lovely rock accents, steps away from your own two car garage. The front yard includes brand new mulch & landscaping welcoming you as you step into this truly move-in ready home! Harmony Grove Village is a master planned community with gorgeous mountain ridgeline views, multipurpose trails, gated pool for homeowners, multiple private parks and huge 4th of July Park (open to the public). The Grove is the perfect place to enjoy the outdoors- it includes the pool, jacuzzi, wading pool, barbeques, shaded tables, play structure and a covered lounge area with outdoor furniture & fireplace.

Mortgage Calculator

Est. Monthly Payment

$6,365

Principal & Interest$4,960
Property Tax$899
Insurance$262
HOA$244
%($179,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bernardo Elementary · grades K-5 · Escondido Union

  • Middle

    Del Dios Academy of Arts and Sciences · grades 6-8 · Escondido Union

  • High

    San Pasqual 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

34C
Est. Monthly Rent
$4,473

8 leases of 2–4 bed houses in 92029 · $3,901–$5,293

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,892
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,670

What would make this work?

$3,670/mo short at 20% down; 80% down or +$4,766/mo rent closes it.

Break-even price

53% under asking

$418,772
Break-even rent

$4,766/mo above the estimate

$9,239/mo
Cashflow at 35% down
−$2,740/mo
Down payment to break even

$719,200 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,960
Cap Rate
2.02%
Cash-on-Cash
-24.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.70

NOI (Annual)
$18,164
Price-to-Rent

Lower = better for investors

16.7

* 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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CCashflow−$3,670/mo