475 N Midway Drive 169

Atop 10%

Escondido, CA 92027

$439,000

NEW — 1d

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: -$1,779/mo full cashflow at 20% down, 7.36% rate.

Works at $206,222 (53% under asking), or at 79% down.

Rent $2,605/mo from 10 leases of 2-bed condos & townhomes within 1 mi ($2,378–$2,802).

Beds

Baths

Sqft

1,032

Year Built

1979

Days on Market

Property Type

Condo

HOA/mo

$430

MLS ID

NDP2610285

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

About This Property

Beautifully Remodeled Two-Story Townhome in a Convenient Central Location! Welcome home to this charming, remodeled two-story townhome nestled in a gated community in a highly convenient central location! Just minutes from shopping, schools, and within walking distance of Palomar College’s Escondido campus, this home offers both comfort and convenience. Step inside and enjoy fresh new flooring, baseboards, updated wall texture, and fresh interior paint throughout. The recently remodeled kitchen adds a beautiful modern touch, making this home move-in ready. Additional features include an adorable private patio, in-unit laundry, and two designated parking spaces. Ideally situated within the community, this unit offers easy access for convenient entry and exit. Whether you're a first-time homebuyer, student, or investor, this is a wonderful opportunity to own a beautifully updated home in a desirable location!

Mortgage Calculator

Est. Monthly Payment

$3,419

Principal & Interest$2,422

Property Tax$439

Insurance$128

HOA$430

Down Payment

%($87,800)

Interest Rate

Loan Term

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 found

This Property

$2,605

Comp Average

$2,631

475 Midway Drive

3bd / 2ba · 1,053 sqft · Condo

$450K

Est. $2,909/mo

475 Midway Drive

2bd / 2ba · 964 sqft · Condo

$400K

Est. $2,550/mo

475 Midway Dr

2bd / 2ba · 964 sqft · Condo

$405K

Est. $2,550/mo

475 Midway Dr

2bd / 1ba · 964 sqft · Condo

$409K

Est. $2,550/mo

505 San Pasqual Valley Road

2bd / 2ba · 992 sqft · Condo

$450K

Est. $2,596/mo

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

Investment Score

54A

Est. Monthly Rent

$2,605

10 leases of 2-bed condos & townhomes within 1 mi · $2,378–$2,802

Blended 50/50 with the zip's market median ($2,720)

Monthly Cashflow

Rent − PITIA

-$814

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,779

What would make this work?

$1,779/mo short at 20% down; 79% down or +$2,310/mo rent closes it.

Break-even price: $206,222
Break-even rent: $4,915/mo
Cashflow at 35% down: −$1,325/mo
Down payment to break even: 79%
Rate to break even: Not reachable

Mortgage (P+I)

$2,422

Cap Rate

2.11%

Cash-on-Cash

-24.31%

DSCR

Need ≥ 1.25 for DSCR loan

0.76

NOI (Annual)

$9,279

Price-to-Rent

Lower = better for investors

14.0

* Modelled at 20% down, 7.36% 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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ACashflow−$1,779/mo