475 Midway Dr

475 Midway Dr #254

D

Escondido, CA 92027

$425,000

Soft Appraisal Value: $439,200 · 3.2% below estimate

Beds

2

Baths

2

Sqft

964

Year Built

1979

Days on Market

18

Property Type

Condo

HOA/mo

$400

MLS ID

260006358SD

Description

Step into this inviting upper-level condo located in the gated community of Midway North in Escondido. Featuring 2 bedrooms and 2 bathrooms, this light-filled home offers a spacious and functional layout with thoughtful updates throughout, including newer HVAC and appliances. The open-concept living and dining areas create a seamless flow, ideal for both relaxing and entertaining, while the elevated position on the 2nd floor provides added privacy and natural light. A standout feature of the home is the eye-catching rock fireplace in the living room, bringing a touch of natural texture and warmth that creates a cozy, cabin-like feel right at home. Residents enjoy access to community amenities such as a two pools, grill areas, gated community, laundry room, all within close proximity to shopping, schools, dining, and major commuter routes. HOA to include exterior building maintenance, water, trash pick up, sewer, two designated parking spots, and landscape. This is a fantastic opportunity for homeowners and investors alike to purchase in a centrally located North County neighborhood. Upstairs unit in a gated community with access to pool. HOA includes common area maintenance (buyer to verify all HOA details, fees, and restrictions). Unit features updated appliances, newer HVAC system, and a well-designed floor plan. Assigned parking with additional guest parking available. Laundry in unit and community. Centrally located near shopping, dining, and major commuter routes. All information deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information, including square footage, HOA, permits, and condition prior to COE.

Mortgage Calculator

Est. Monthly Payment

$3,098

Principal & Interest$2,149
Property Tax$425
Insurance$124
HOA$400
%($85,000)
%

Investment Score

4D
Est. Monthly Rent
$2,331
Monthly Cashflow

Rent − PITIA

$-767
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,657

Mortgage (P+I)
$2,149
Cap Rate
1.39%
Cash-on-Cash
-23.40%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$4,483

NOI (Annual)
$5,900
Price-to-Rent

Lower = better for investors

15.2

* 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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