2439 Patterson Rd
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2439 Patterson Rd

A

Escondido, CA 92027

$675,000
NEW — 6d

Beds

3

Baths

2

Sqft

1,427

Year Built

1953

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

260016034SD

This property is in Escondido (92027). View neighborhood stats →

About This Property

Unlock the Potential! This is the one you've been waiting for! This property presents an incredible opportunity for buyers with a vision to create something truly special. Situated on a spacious 0.39-acre lot, the possibilities are what makes this property shine. Next door lot .37 acre is also available for sale. Whether you're dreaming of expanding the existing home, adding outdoor entertaining spaces, RV or boat parking, or exploring ADU potential (buyer to verify), there's room to bring your ideas to life. The home offers a practical floor plan with 3 bedrooms and 2 baths, including a primary bedroom with an attached bath. Some mountain views add to the appeal of this well-located property. Home needs updating and repairs; it still provides a rare chance to customize and improve a property to suit your style and needs. Large lots with this kind of flexibility are becoming increasingly difficult to find, making this an exceptional opportunity for investors, contractors, or owner-occupants looking to build equity through improvements. Bring your imagination and discover the possibilities. Combine purchase with vacant lot next door for additional potential.

Mortgage Calculator

Est. Monthly Payment

$4,285

Principal & Interest$3,413
Property Tax$675
Insurance$197
%($135,000)
%

Location

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Investment Score

60A
Est. Monthly Rent
$3,713
Monthly Cashflow

Rent − PITIA

$-572
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,989

Mortgage (P+I)
$3,413
Cap Rate
2.53%
Cash-on-Cash
-17.68%
DSCR

Need ≥ 1.25 for DSCR loan

0.87
Break-even Rent
$6,296

NOI (Annual)
$17,094
Price-to-Rent

Lower = better for investors

15.1

* 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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