475 Midway Drive
1 / 20

475 Midway Drive #117

B

Escondido, CA 92027

$429,500

Soft Appraisal Value: $437,500 · 1.8% below estimate

Beds

2

Baths

2

Sqft

964

Year Built

1979

Days on Market

48

Property Type

Condo

HOA/mo

$430

MLS ID

PTP2602566

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

Virtual Tour

About This Property

Don't Miss This Opportunity in Escondido! Why rent when you can OWN in Escondido for under $430K?! This is the opportunity you've been waiting for, act fast before it's gone! Welcome to 475 N Midway Dr #117, a desirable ground level corner unit offering the perfect blend of comfort, convenience, and privacy. This well-designed 2-bedroom, 2-bathroom condo with 964 sq ft of living space delivers both functionality and style. Step inside and immediately feel the difference with a bright, sun-filled living area highlighted by large double sliding glass doors that creates a seamless indoor & outdoor flow to your own private patio, perfect for relaxing or entertaining. As an added bonus for those chilly days, you can enjoy a traditional indoor wood-burning fireplace to provide a warm and cozy ambiance. This condo is truly move-in ready with fresh interior paint, upgraded vinyl wood plank flooring throughout and upgraded carpet in bedrooms, giving it a modern, clean feel. The stylish kitchen and bathrooms feature updated cabinetry, sleek countertops, stainless steel appliances and under-cabinet lighting that adds a warm, inviting touch. Enjoy the convenience of in-unit washer and dryer hook-ups which also includes a stackable washer and dryer appliance making everyday living easy and efficient. Enjoy the benefits of a gated community with amenities including two refreshing gated pools, basketball court, community cooking and picnic areas just in time for sunny Southern California days. Conveniently located near freeways (I-15 & CA-78), schools, shopping, and dining, this condo puts everything you need right at your fingertips. And here's the lifestyle bonus, live close to some of North County San Diego's most sought after attractions! You're just minutes from the San Diego Zoo Safari Park for unforgettable wildlife adventures, and a short drive to LEGOLAND California for fun-filled days. Plus, enjoy nearby wineries, scenic hiking trails, and all the charm this vibrant area has to offer. Whether you're a first-time buyer or savvy investor, this is your moment. Opportunities like this don't last, blink and it'll be gone! Schedule your showing now or risk watching someone else claim your keys!

Mortgage Calculator

Est. Monthly Payment

$3,157

Principal & Interest$2,172
Property Tax$430
Insurance$125
HOA$430
%($85,900)
%

Location

Loading map...

Investment Score

45B
Est. Monthly Rent
$2,314
Monthly Cashflow

Rent − PITIA

$-842
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,732

Mortgage (P+I)
$2,172
Cap Rate
1.23%
Cash-on-Cash
-24.20%
DSCR

Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$4,564

NOI (Annual)
$5,272
Price-to-Rent

Lower = better for investors

15.5

* 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.

Get Expert AnalysisOpen Full Calculator