2507 Saffron
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2507 Saffron

Ctop 80%

Escondido, CA 92029

$1,998,600
STR limited · Escondido pilot, owners only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$10,675/mo full cashflow at 20% down, 7.36% rate.

Works at $601,714 (70% under asking), or at 98% down.

Rent $6,346/mo from 10 leases of houses within 2 mi, size-adjusted ($5,447–$6,106).

Beds

6

Baths

4

Sqft

3,482

Year Built

1997

Days on Market

49

Property Type

Single Family

HOA/mo

$288

MLS ID

NDP2608916

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

Virtual Tour

About This Property

Completely reimagined and move in ready, this beautifully renovated, rare one story home located in the Exclusive gated community of the Reserve a highly sought after location conclave of 22 homes, just west of I-15. This home has been totally redone inside and outside. Step through the beautiful custom Iron Double doors to the soaring 10 ft ceilings with crown molding , custom shutters, a Chefs dream kitchen with self-close cabinets, new Dacor appliances and bosch dishwasher for the quietest dishwasher on the market. The primary bedroom is so spacious and there is enough room for sitting and watching your fire burn in the wintertime while watching TV. A spa like primary bathroom with free standing tub and walk in shower with granite counters and cabinetry. 4 other bedrooms, one ensuite with handicapped shower, could also be converted to a separate living space for your generational family or caregiver. All bathrooms have been redone with beautiful modem tile and slabs. Designer fixtures throughout. Step outside to the parklike yard with astro turf grass for easy maintenance, 3 beautiful outdoor Pergolas for entertaining in many areas of the home. TV and living space outside kitchen, one in the center courtyard and one in the backyard. This home is the entrainers delight. 2 new Hvac units, fruit trees and storage shed, 3 car garage with epoxy floor. All new paint inside and out. Too many amenities to list, come see for yourself. Only 25 minutes from Delmar Beach through Rancho Santa Fe. 5 minutes to the 15 freeway which is less crowded than the 5 and only 15 minutes to all the shopping in Carmel Mountain and Rancho Bernardo The Bernardo elementary school and The LR Green elementary school along with the high school and junior high are rated on the high scale for the area There are lots of beautiful Estates around the outskirts from the downtown area of Escondido along either side of many wineries. Escondido is transitioning into a much higher scale area to live in with more restaurants downtown and with the mall close you have the comedy club and a Costco coming in right at the Mershops. You do not get the summer overcast fog that is so typical of living closer to the beach coast. Gated community better Security close to Felicita Park and Kit Carson Park with many activities and walking trails skateboard park fire station so much more.

Mortgage Calculator

Est. Monthly Payment

$13,896

Principal & Interest$11,027
Property Tax$1,999
Insurance$583
HOA$288
%($399,720)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bernardo Elementary · grades K-5 · Escondido Union

  • Middle

    Bear Valley Middle · 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

4C
Est. Monthly Rent
$6,346

10 leases of houses within 2 mi, size-adjusted · $5,447–$6,106

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$7,550
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,675

What would make this work?

$10,675/mo short at 20% down; 98% down or +$13,864/mo rent closes it.

Break-even price

70% under asking

$601,714
Break-even rent

$13,864/mo above the estimate

$20,210/mo
Cashflow at 35% down
−$8,608/mo
Down payment to break even

$1,958,628 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$11,027
Cap Rate
0.40%
Cash-on-Cash
-32.05%
DSCR

Need ≥ 1.25 for DSCR loan

0.46

NOI (Annual)
$8,023
Price-to-Rent

Lower = better for investors

26.2

* 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−$10,675/mo