Back to listings
2439 Patterson Road
1 / 20

2439 Patterson Road

Ctop 80%

Escondido, CA 92027

$849,995
NEW — 0d
STR: check · Escondido pilot, owners only · TOT 10%

Pass at asking: -$3,556/mo full cashflow at 20% down, 7.43% rate.

Works at $386,966 (54% under asking), or at 81% down.

Rent $3,860/mo from 12 leases of 2–4 bed houses within 2 mi ($3,672–$4,158).

Beds

3

Baths

2

Sqft

1,427

Year Built

1953

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026511SD

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

About This Property

FULLY REMODELED SINGLE STORY RANCH HOME WITH OPEN FLOOR PLAN ON 30,000+ SQUARE FOOT LOT WITH PRIVATED GATED DRIVEWAY, RV PARKING IN PRIME LOCATION WITH ROOM FOR HORSES! HOME FEATURES GIANT WINDOWS FOR LOTS OF NATURAL LIGHT, 20X15 LIVING ROOM, NEW SEPTIC, SOLAR, 200 AMP PANEL, NEW ABS PLUMBING, VINYL PLANK FLOORS, QUARTZ COUNTERS, DUAL PANE WINDOWS, TILE SHOWERS, MINI SPLITS, SEPARATE LAUNDRY ROOM, TILE FIREPLACE AND BEATIFUL DROUGHT RESISTANT PLANTS!

Mortgage Calculator

Est. Monthly Payment

$5,820

Principal & Interest$4,722
Property Tax$850
Insurance$248
%($169,999)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Orange Glen Elementary · grades K-5 · Escondido Union

  • Middle

    Hidden Valley Middle · grades 6-8 · Escondido Union

  • High

    Orange Glen 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.

Comparable Properties

5 comps found

This Property

$3,860

vs

Comp Average

$3,836

1404 Jefferson Avenue

1404 Jefferson Avenue

3bd / 1ba · 1,463 sqft · Single Family

$785K

Est. $3,790/mo

1448 Esperanza Way

1448 Esperanza Way

3bd / 2ba · 1,474 sqft · Single Family

$799K

Est. $3,885/mo

575 Alta Meadow Lane

575 Alta Meadow Lane

3bd / 2ba · 1,424 sqft · Single Family

$799K

Est. $3,835/mo

1851 Normandy Glen

1851 Normandy Glen

3bd / 2.5ba · 1,419 sqft · Single Family

$799K

Est. $3,786/mo

750 Linwood St

750 Linwood St

3bd / 2.5ba · 1,510 sqft · Single Family

$860K

Est. $3,885/mo

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

Investment Score

34C
Est. Monthly Rent
$3,860

12 leases of 2–4 bed houses within 2 mi · $3,672–$4,158

Blended 50/50 with the zip's market median ($3,700)

Monthly Cashflow

Rent − PITIA

-$1,960
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,556

What would make this work?

$3,556/mo short at 20% down; 81% down or +$4,618/mo rent closes it.

Break-even price

54% under asking

$386,966
Break-even rent

$4,618/mo above the estimate

$8,478/mo
Cashflow at 35% down
−$2,671/mo
Down payment to break even

$688,496 cash

81%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$4,722
Cap Rate
1.92%
Cash-on-Cash
-25.10%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
NOI (Annual)
$16,307
Price-to-Rent

Lower = better for investors

18.4

* Modelled at 20% down, 7.43% 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.

Open Full Calculator
CCashflow−$3,556/mo