2990 Burnet Drive

2990 Burnet Drive

Btop 30%

Escondido, CA 92027

$999,995
NEW — 0d

Pass at asking: -$3,724/mo full cashflow at 20% down, 7.43% rate.

Works at $515,271 (48% under asking), or at 74% down.

Rent $5,373/mo from 8 leases of 3–5 bed houses within 2 mi ($5,756–$6,150).

Beds

4

Baths

3

Sqft

3,121

Year Built

2006

Days on Market

0

Property Type

Single Family

HOA/mo

$180

MLS ID

NDP2610119

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

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About This Property

HOME FOR THE HOLIDAYS!!! This Beautiful Home in Eureka Spring is waiting for you!! Light, bright and move-in ready, this spacious corner-lot home offers 4 bedrooms / 3 full baths. 3-car garage, a versatile floor plan designed for comfortable living and entertaining. The 1st floor features beautiful tile flooring, a spacious living room/family room & separate den, both with its own gas fireplace, a well-appointed kitchen with a large center island, breakfast bar, stainless-steel appliances, 4-burner gas range with grill, dishwasher, double-door refrigerator, abundant cabinetry and storage. A main-level bedroom and full bath, along with the office/bonus room, provide flexibility for guests, a home office, study, playroom or additional living space. Upstairs, the spacious primary suite features two walk-in closets, a deep soaking tub, separate shower and dual vanities. Two additional bedrooms, a Jack-and-Jill bathroom and a separate laundry room to complete the upper level. Enjoy year-round comfort with central heating and dual air conditioning, separate controls for each level. The spacious backyard & patio are conveniently located just off the kitchen, creating an inviting setting for outdoor dining and entertaining. Fire sprinkler system throughout house. The 3-car garage offers plenty of parking and storage. Conveniently located near shopping, dining, entertainment, parks, playgrounds, dog parks, walking trails, Lake Dixon, the San Diego Zoo Safari Park, and major freeways including I-15 and SR-78.

Mortgage Calculator

Est. Monthly Payment

$7,027

Principal & Interest$5,555
Property Tax$1,000
Insurance$292
HOA$180
%($199,999)
%
Loan Term

Location

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Investment Score

39B
Est. Monthly Rent
$5,373

8 leases of 3–5 bed houses within 2 mi · $5,756–$6,150

Blended 50/50 with the zip's market median ($4,661)

Monthly Cashflow

Rent − PITIA

-$1,654
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,724

What would make this work?

$3,724/mo short at 20% down; 74% down or +$4,836/mo rent closes it.

Break-even price

48% under asking

$515,271
Break-even rent

$4,836/mo above the estimate

$10,209/mo
Cashflow at 35% down
−$2,682/mo
Down payment to break even

$739,996 cash

74%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,555
Cap Rate
2.52%
Cash-on-Cash
-22.34%
DSCR

Need ≥ 1.25 for DSCR loan

0.76

NOI (Annual)
$25,206
Price-to-Rent

Lower = better for investors

15.5

* 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.

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BCashflow−$3,724/mo