475 Midway Drive
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475 Midway Drive #117

D

Escondido, CA 92027

$440,000
NEW — 2d on market

Beds

2

Baths

2

Sqft

964

Year Built

1979

Days on Market

2

Property Type

Condo

HOA/mo

$400

MLS ID

PTP2602566

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

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About This Property

Don't Miss This Opportunity in Escondido! Why rent when you can OWN in Escondido for under $450K?! 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 and picnic area 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 with family and friends. 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 as soon as it hits the market or risk watching someone else claim your keys!

Mortgage Calculator

Est. Monthly Payment

$3,193

Principal & Interest$2,225
Property Tax$440
Insurance$128
HOA$400
%($88,000)
%

Location

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Investment Score

4D
Est. Monthly Rent
$2,331
Monthly Cashflow

Rent − PITIA

$-862
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,765

Mortgage (P+I)
$2,225
Cap Rate
1.26%
Cash-on-Cash
-24.06%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$4,623

NOI (Annual)
$5,522
Price-to-Rent

Lower = better for investors

15.7

* 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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