228 15th Ave

228 15th Ave

D

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

269

Property Type

Single Family

HOA/mo

N/A

MLS ID

240027192SD

Description

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)
%

Investment Score

6D
Est. Monthly Rent
$3,808
Monthly Cashflow

Rent − PITI − HOA

$-1,264
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,806

Mortgage (P+I)
$4,040
Cap Rate
1.85%
Cash-on-Cash
-21.07%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$7,452

NOI (Annual)
$14,812
Price-to-Rent

Lower = better for investors

17.5

* 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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