475 Midway Dr #236
Atop 10%Escondido, CA 92027
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$1,601/mo full cashflow at 20% down, 7.49% rate.
Works at $201,375 (51% under asking), or at 77% down.
Rent $2,576/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,246–$2,406).
Beds
2
Baths
1
Sqft
964
Year Built
1979
Days on Market
46
Property Type
Condo
HOA/mo
$430
MLS ID
260022939SD
This property is in Escondido (92027). View neighborhood stats →
About This Property
Spacious two-bedroom, one bath, second floor unit in the heart of Escondido featuring vaulted ceilings in the living room, a large primary bedroom with plenty of natural sunlight. The balcony has a built-in closet for a stackable washer/dryer. Gated complex with two assigned parking spaces. Community pools, a picnic area, community laundry facilities. HOA fee includes water and trash. Close to many shops and restaurants. Easy access to I-15 and the 78.
Mortgage Calculator
Est. Monthly Payment
$3,244
Location
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Zoned Schools
Elementary
Glen View Elementary · grades K-5 · Escondido Union
Middle
Hidden 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.
Comparable Properties
5 comps foundThis Property
$2,576
Comp Average
$2,449
1817 Grand Avenue
2bd / 2ba · 979 sqft · Condo
$300K
Est. $2,288/mo
475 Midway Drive
2bd / 2ba · 964 sqft · Condo
$400K
Est. $2,576/mo
475 Midway Dr
2bd / 2ba · 964 sqft · Condo
$405K
Est. $2,576/mo
1817 Grand Avenue
2bd / 1.5ba · 905 sqft · Condo
$385K
Est. $2,200/mo
505 San Pasqual Valley Road
2bd / 2ba · 992 sqft · Condo
$450K
Est. $2,607/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,246–$2,406
Blended 50/50 with the zip's market median ($2,772)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,601/mo short at 20% down; 77% down or +$2,079/mo rent closes it.
- Break-even price
- $201,375
- Break-even rent
- $4,655/mo
- Cashflow at 35% down
- −$1,172/mo
- Down payment to break even
- 77%
- Rate to break even
- Not reachable
51% under asking
$2,079/mo above the estimate
$314,930 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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