455 Bancroft
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455 Bancroft

C

Escondido, CA 92027

$594,900

Beds

2

Baths

2

Sqft

1,406

Year Built

1982

Days on Market

45

Property Type

Condo

HOA/mo

$334

MLS ID

26789839

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

About This Property

Price Reduced. Exceptional Probate Sale Opportunity. The seller is motivated and prepared for a prompt closing. This spacious 2-bedroom, 2-bathroom town-home with a 2-car garage (1,406 sq. ft.) is in the highly regarded Cape Concord community, presenting a valuable chance to acquire a property at an attractive price point. Strategic upgrades to building systems and appliances have been completed, providing a foundation for further enhancements tailored to your personal preferences.The floor plan offers flexibility, featuring a bedroom and full bathroom on each level. The first floor includes a living room with vaulted ceilings, a gas-burning fireplace, and multiple windows that maximize natural light. The U-shaped kitchen with an adjoining informal dining area is equipped with a stainless-steel sink, garbage disposal, new Whirlpool 24-inch stainless steel fingerprint-resistant dishwasher, new Whirlpool 30-inch stainless steel five-burner gas range, new General Electric 30-inch stainless steel range hood with lighting, and a Whirlpool refrigerator.The second floor has the master bedroom with vaulted ceilings, dual closets, and an en-suite bath for added comfort. Additional storage options are available in hallways and beneath stairs. System upgrades include a new 2.5-ton AC Pro system (14.3 SEER2) with a 10-year parts and compressor warranty, a new water heater with a 10-year parts warranty and lifetime warranty on the heat exchanger, and a thermostat with a 5-year warranty. Washer & Dryer hook up in garage for gas or electric.A private fenced back patio provides seamless indoor-outdoor connectivity and is adjacent to community amenities, including well-maintained walking paths, a heated pool and spa, and a clubhouse with meeting rooms and a kitchenideal for gatherings and community events. The property is conveniently located within minutes of shops, restaurants, two grocery stores, and offers quick access to local schools such as Glen View Elementary, Hidden Valley Middle, and Orange Glen High.This opportunity presents an excellent option for securing quality property at a competitive price. Make an offer today!

Mortgage Calculator

Est. Monthly Payment

$4,111

Principal & Interest$3,008
Property Tax$595
Insurance$174
HOA$334
%($118,980)
%

Location

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Investment Score

35C
Est. Monthly Rent
$2,725
Monthly Cashflow

Rent − PITIA

$-1,386
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,509

Mortgage (P+I)
$3,008
Cap Rate
1.01%
Cash-on-Cash
-25.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$5,983

NOI (Annual)
$5,995
Price-to-Rent

Lower = better for investors

18.2

* 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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