475 Midway
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475 Midway #152

C

Escondido, CA 92027

$407,000

Beds

2

Baths

2

Sqft

964

Year Built

1979

Days on Market

9

Property Type

Condo

HOA/mo

$430

MLS ID

260011444SD

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

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About This Property

Lovely 2 bedroom, 2-full-bath single story (no stairs) condo in the gated, quiet, tree lined community of Midway North. The two gorgeous bathrooms, modern quartz counters in the kitchen, deluxe stainless appliances, vinyl plank flooring (looks and feels like beautiful wood floors) and recessed lighting make this home look and feel brand new inside. Your pretty, private covered patio is a quiet spot to dine, read a book or simply unwind on a warm California evening. You will receive two assigned parking spaces (one a carport). The washer/dryer hookups in your own laundry room add effortless ease to daily living. Outdoors, two sparkling swimming pools make for refreshing afternoons and peaceful lounging. Basketball hoops for friendly pickup games or just shooting hoops. The picnic and barbecue areas provide for casual gatherings and outdoor dining. Outdoors, the grounds add a wonderful sense of community.

Mortgage Calculator

Est. Monthly Payment

$3,014

Principal & Interest$2,058
Property Tax$407
Insurance$119
HOA$430
%($81,400)
%

Location

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Investment Score

42C
Est. Monthly Rent
$2,096
Monthly Cashflow

Rent − PITIA

$-918
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,739

Mortgage (P+I)
$2,058
Cap Rate
0.94%
Cash-on-Cash
-25.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$4,355

NOI (Annual)
$3,825
Price-to-Rent

Lower = better for investors

16.2

* 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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