475 Midway Dr
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: -$1,569/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
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 / 1ba · 964 sqft · Condo
$409K
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?
$1,569/mo short at 20% down; 76% down or +$2,038/mo rent closes it.
- Break-even price
- $201,375
- Break-even rent
- $4,614/mo
- Cashflow at 35% down
- −$1,145/mo
- Down payment to break even
- 76%
- Rate to break even
- Not reachable
50% under asking
$2,038/mo above the estimate
$307,724 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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