351 10th Ave
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351 10th Ave

Ctop 80%

Escondido, CA 92025

$850,000

Pass at asking: -$3,581/mo full cashflow at 20% down, 7.43% rate.

Works at $383,767 (55% under asking), or at 81% down.

Rent $3,828/mo from 11 leases of 2–4 bed houses within 1 mi ($3,582–$4,254).

Beds

3

Baths

2

Sqft

1,553

Year Built

1959

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608915

This property is in Escondido (92025). View neighborhood stats →

Virtual Tour

About This Property

Two Brazilian pepper trees frame this 1959 single-story ranch in Old Escondido’s Historic District. Original hardwood floors, wood-cased doorways, plantation shutters, and the original brick fireplace create flow into the like-new custom kitchen boasting custom soft-close cabinets with pull-outs, concrete countertops, gas appliances and newer appliances included. Custom addition of family room with a vaulted beam ceiling and a second fireplace, opening to a pergola-covered patio. Three bedrooms include a primary with its own bath; the hall bath has travertine floors and a one-piece tub. RECENT UPDATES: HVAC and ductwork (4 years), tankless water heater, copper plumbing with no cast iron, and a new electrical panel. Out back, 13,500 flat, fenced square feet with orange and pomegranate trees, a big Chinaberry for shade, full irrigation, a shed, and alley gates, with room for pool, potential ADU (buyer to verify) or more. Finished two-car garage, fiber internet, and minutes to restaurants on Grand Ave, local parks and more!

Mortgage Calculator

Est. Monthly Payment

$5,820

Principal & Interest$4,722
Property Tax$850
Insurance$248
%($170,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Juniper Elementary · grades K-5 · Escondido Union

  • Middle

    Bear 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.

Investment Score

33C
Est. Monthly Rent
$3,828

11 leases of 2–4 bed houses within 1 mi · $3,582–$4,254

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,992
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,581

What would make this work?

$3,581/mo short at 20% down; 81% down or +$4,650/mo rent closes it.

Break-even price

55% under asking

$383,767
Break-even rent

$4,650/mo above the estimate

$8,478/mo
Cashflow at 35% down
−$2,695/mo
Down payment to break even

$688,500 cash

81%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,722
Cap Rate
1.88%
Cash-on-Cash
-25.28%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$15,992
Price-to-Rent

Lower = better for investors

18.5

* 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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CCashflow−$3,581/mo