Back to listings
475 Midway Drive #214
1 / 20

475 Midway Drive #214

Atop 10%

Escondido, CA 92027

$449,999
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: -$1,516/mo full cashflow at 20% down, 7.43% rate.

Works at $252,537 (44% under asking), or at 69% down.

Rent $2,909/mo from 10 leases of 2–4 bed condos & townhomes within 1 mi ($2,402–$2,830).

Beds

3

Baths

2

Sqft

1,053

Year Built

1979

Days on Market

45

Property Type

Condo

HOA/mo

$300

MLS ID

PTP2607163

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

Virtual Tour

About This Property

***SELLER OPEN TO SUBJECT-TO / CREATIVE FINANCING OPTIONS!*** NEW TILE BATHROOM SHOWERS | 3 BED | 2 BATH | 1,053 SQ FT | IN-UNIT LAUNDRY | CENTRAL A/C | PRIVATE BALCONY Welcome to this spacious 3-bedroom, 2-bath condo in the heart of Escondido! This second-floor home features vaulted ceilings, an open and bright layout, newly updated tile showers, in-unit laundry, central A/C, and a private balcony. Enjoy community amenities including a pool, recreation area, and playground, conveniently located near shopping, dining, schools, and freeway access. Great opportunity for a first-time buyer, investor, or anyone looking for a low-maintenance home!

Mortgage Calculator

Est. Monthly Payment

$3,381

Principal & Interest$2,500
Property Tax$450
Insurance$131
HOA$300
%($90,000)
%
Loan Term

Location

Loading map...

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 found

This Property

$2,909

vs

Comp Average

$2,528

1817 Grand Avenue

1817 Grand Avenue

2bd / 2ba · 979 sqft · Condo

$300K

Est. $2,288/mo

475 Midway Drive

475 Midway Drive

2bd / 2ba · 964 sqft · Condo

$400K

Est. $2,576/mo

475 Midway Dr

475 Midway Dr

2bd / 2ba · 964 sqft · Condo

$405K

Est. $2,576/mo

475 Midway Dr

475 Midway Dr

2bd / 1ba · 964 sqft · Condo

$409K

Est. $2,576/mo

505 San Pasqual Valley Road

505 San Pasqual Valley Road

2bd / 2ba · 992 sqft · Condo

$450K

Est. $2,622/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

68A
Est. Monthly Rent
$2,909

10 leases of 2–4 bed condos & townhomes within 1 mi · $2,402–$2,830

Blended 50/50 with the zip's market median ($3,301)

Monthly Cashflow

Rent − PITIA

-$472
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,516

What would make this work?

$1,516/mo short at 20% down; 69% down or +$1,969/mo rent closes it.

Break-even price

44% under asking

$252,537
Break-even rent

$1,969/mo above the estimate

$4,878/mo
Cashflow at 35% down
−$1,047/mo
Down payment to break even

$310,499 cash

69%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$2,500
Cap Rate
3.01%
Cash-on-Cash
-20.21%
DSCR

Need ≥ 1.25 for DSCR loan

0.86
NOI (Annual)
$13,553
Price-to-Rent

Lower = better for investors

12.9

* Modelled at 20% down, 7.43% 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.

Open Full Calculator
ACashflow−$1,516/mo