228 15th Ave
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228 15th Ave

C

Escondido, CA 92025

$799,000

Soft Appraisal Value: $806,300 · 0.9% below estimate

Beds

3

Baths

1

Sqft

1,008

Year Built

1955

Days on Market

314

Property Type

Single Family

HOA/mo

N/A

MLS ID

240027192SD

This property is in Escondido (92025). View neighborhood stats →

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About This Property

This unique property features a charming three-bedroom one-bathroom home and a one-bedroom cottage nestled on nearly a 1/4-acre lot. The main home boasts wood floors throughout. The guest cottage offers a retreat for visitors or could serve as a rental for additional income. The expansive lot provides plenty of space for outdoor living, gardening, or future development. With R2 zoning, there's potential to add more units or expand the existing structures, making this an excellent investment opportunity. Located in a neighborhood that is growing quickly, this property is perfectly positioned to take advantage of Escondido's rising demand for housing, offering long-term growth potential. Whether you're a savvy investor or a homeowner looking to build equity, this is a prime opportunity to add value in a thriving community.

Mortgage Calculator

Est. Monthly Payment

$5,072

Principal & Interest$4,040
Property Tax$799
Insurance$233
%($159,800)
%

Location

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Investment Score

38C
Est. Monthly Rent
$3,595
Monthly Cashflow

Rent − PITIA

$-1,477
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,970

Mortgage (P+I)
$4,040
Cap Rate
1.61%
Cash-on-Cash
-22.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$7,452

NOI (Annual)
$12,844
Price-to-Rent

Lower = better for investors

18.5

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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