475 Midway Dr

475 Midway Dr

Atop 10%

Escondido, CA 92027

$404,900
NEW — 0d
STR limited · Escondido pilot, owners only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$1,569/mo full cashflow at 20% down, 7.49% rate.

Works at $201,375 (50% under asking), or at 76% 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

2

Sqft

964

Year Built

1979

Days on Market

0

Property Type

Condo

HOA/mo

$430

MLS ID

260026135SD

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

$3,216

Principal & Interest$2,263
Property Tax$405
Insurance$118
HOA$430
%($80,980)
%
Loan Term

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.

Investment Score

60A
Est. Monthly Rent
$2,576

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)

Monthly Cashflow

Rent − PITIA

-$640
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,569

What would make this work?

$1,569/mo short at 20% down; 76% down or +$2,038/mo rent closes it.

Break-even price

50% under asking

$201,375
Break-even rent

$2,038/mo above the estimate

$4,614/mo
Cashflow at 35% down
−$1,145/mo
Down payment to break even

$307,724 cash

76%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,263
Cap Rate
2.44%
Cash-on-Cash
-23.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.80

NOI (Annual)
$9,864
Price-to-Rent

Lower = better for investors

13.1

* 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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ACashflow−$1,569/mo