525 El Norte Parkway #131
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525 El Norte Parkway #131

Btop 30%

Escondido, CA 92026

$494,000
NEW — 0d

Pass at asking: -$2,275/mo full cashflow at 20% down, 7.49% rate.

Works at $199,113 (60% under asking), or at 86% down.

Rent $2,449/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,440

Year Built

1970

Days on Market

0

Property Type

Manufactured

HOA/mo

$350

MLS ID

NDP2610014

This property is in Escondido (92026). Browse neighborhood analytics →

Virtual Tour

About This Property

STUNNING FULLY REMODELED HOME WITH MOUNTAIN VIEWS, EXCEPTIONAL PRIVACY, AND LAND OWNERSHIP! Welcome to Rancho Escondido, a desirable 55+ gated, resident-owned community where you OWN THE LAND and enjoy resort-style amenities with a low monthly HOA fee! Situated on a spacious, private pie-shaped lot with very few neighboring homes in view, this beautifully remodeled property offers a rare combination of privacy, picturesque mountain views, and thoughtfully designed indoor and outdoor living spaces. Enjoy the scenic views through the large picture windows in the Living room or relax on the expansive covered porch surrounded by peaceful, private surroundings. Extensively remodeled in 2022, this home showcases a stunning transformation, including a completely redesigned Kitchen and Bathrooms, dual-pane windows throughout, new interior and exterior doors, drywall, molding, fixtures, and fresh interior and exterior paint. Additional improvements include recent releveling and foundation upgrades. The current owner has further enhanced the home with beautiful window shutters and thoughtfully placed fencing and gates to accommodate a small pet. At the heart of the home is a gorgeous, spacious Island Kitchen featuring quartz countertops, solid wood cabinetry with soft-close drawers, updated appliances and fixtures, and generous counter space. The beautifully remodeled Primary Bathroom features an oversized custom step-in shower, dual vanities, and dual sinks. Outdoor living is equally impressive! The oversized covered porch offers a wonderful place to unwind and take in the mountain views, while a separate concrete patio with gazebo and custom brickwork provides another inviting space for entertaining or relaxing. The exceptionally spacious, customized carport accommodates approximately 3–4 vehicles and features convenient low-rise steps leading to the back entrance. A large storage shed and multiple additional outdoor storage units provide plenty of room for tools, hobbies, and seasonal belongings. Rancho Escondido is a 5-star, gated, resident-owned community for residents 55+, with a second resident permitted to be 45+. Enjoy an active social atmosphere and an impressive array of amenities, including two clubhouses, two swimming pools and spas, a fitness center, billiards room, library, organized community events, and RV parking for an additional fee, subject to availability. The remarkably affordable HOA fee of just $350 per month includes water, sewer, trash, and basic cable! One small pet is permitted, and homes may be rented with prior HOA approval. Buyer and Buyer’s Agent to verify community rules, restrictions, fees, and amenities with the HOA/park office. Conveniently located within walking distance of shopping, dining, banking, and public transportation, with easy freeway access, this exceptional property offers the perfect blend of comfort, privacy, convenience, and an active lifestyle. Beautifully remodeled, wonderfully private, and situated on land you own — this is a home you truly must see to appreciate!

Mortgage Calculator

Est. Monthly Payment

$3,749

Principal & Interest$2,761
Property Tax$494
Insurance$144
HOA$350
%($98,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Rock Springs Elementary · grades K-5 · Escondido Union

  • Middle

    Del Dios Academy of Arts and Sciences · grades 6-8 · Escondido Union

  • High

    Escondido 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.

Investment Score

42B
Est. Monthly Rent
$2,449

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$1,300
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,275

What would make this work?

$2,275/mo short at 20% down; 86% down or +$2,954/mo rent closes it.

Break-even price

60% under asking

$199,113
Break-even rent

$2,954/mo above the estimate

$5,403/mo
Cashflow at 35% down
−$1,757/mo
Down payment to break even

$424,840 cash

86%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,761
Cap Rate
1.48%
Cash-on-Cash
-27.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$7,302
Price-to-Rent

Lower = better for investors

16.8

* Modelled at 20% down, 7.49% 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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BCashflow−$2,275/mo