475 Midway Dr
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475 Midway Dr #254

A

Escondido, CA 92027

$419,900

Beds

2

Baths

2

Sqft

964

Year Built

1979

Days on Market

11

Property Type

Condo

HOA/mo

$430

MLS ID

260014681SD

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

About This Property

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

$3,096

Principal & Interest$2,123
Property Tax$420
Insurance$122
HOA$430
%($83,980)
%

Location

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Investment Score

49B
Est. Monthly Rent
$2,373
Monthly Cashflow

Rent − PITIA

$-722
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,618

Mortgage (P+I)
$2,123
Cap Rate
1.44%
Cash-on-Cash
-23.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$4,474

NOI (Annual)
$6,065
Price-to-Rent

Lower = better for investors

14.7

* 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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