525 El Norte Pkwy. #261
Btop 30%Escondido, CA 92026
Pass at asking: -$2,244/mo full cashflow at 20% down, 7.36% rate.
Works at $196,249 (60% under asking), or at 87% down.
Rent $2,402/mo: zip market median for this bed count.
Beds
2
Baths
2
Sqft
1,512
Year Built
2014
Days on Market
113
Property Type
Manufactured
HOA/mo
$350
MLS ID
NDP2606945
This property is in Escondido (92026). Browse neighborhood analytics →
About This Property
NEW PRICE $489,900-PANORAMIC VIEWS-OWN YOUR OWN LAND-BEST VALUE IN RANCHO ESCONDIDO! Enjoy sweeping hills & sparkling city-light views from sunrise to sunset, complemented by cool afternoon breezes. The expansive covered Trex deck stretches across the back of the home, creating the perfect place to relax or entertain, while taking in the spectacular scenery. Inside the Great Room's many windows invite in the natural light & frame the views. This stunning, upgraded residence in Rancho Escondido, a 5*, 55+community; is turnkey, pristine, & move in ready. Top of the line Hallmark home featuring Hardie board construction, 6" exterior walls, designer dual pane vinyl windows, vaulted ceiling w/clerestory window, & Solar tube skylights throughout provide a bright, airy atmosphere. Bamboo plank flooring, 4" baseboards, and 4" crown molding, enhance the quality of the home construction. Flexible office/den/hobby room for added living space. Beautiful kitchen w/large 2-level island & dining bar. Spacious primary bedroom suite w/walk-in closet, w/ensuite bathroom featuring built-in cabinetry, and full walk-in shower. Laundry room w/sink, & built-in storage. Widened carport. Ideally located near upper clubhouse, w/guest parking nearby.
Mortgage Calculator
Est. Monthly Payment
$3,686
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.
Comparable Properties
5 comps foundThis Property
$2,402
Comp Average
$2,559
525 El Norte Parkway
3bd / 2ba · 1,512 sqft · Manufactured
$499K
Est. $3,186/mo
8975 Lawrence Welk Drive
2bd / 2ba · 1,440 sqft · Manufactured
$399K
Est. $2,402/mo
8975 Lawrence Welk Drive
2bd / 2ba · 1,440 sqft · Manufactured
$425K
Est. $2,402/mo
525 El Norte Parkway
2bd / 2ba · 1,440 sqft · Manufactured
$494K
Est. $2,402/mo
8975 Lawrence Welk Drive
2bd / 2ba · 1,488 sqft · Manufactured
$500K
Est. $2,402/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,244/mo short at 20% down; 87% down or +$2,915/mo rent closes it.
- Break-even price
- $196,249
- Break-even rent
- $5,317/mo
- Cashflow at 35% down
- −$1,738/mo
- Down payment to break even
- 87%
- Rate to break even
- Not reachable
60% under asking
$2,915/mo above the estimate
$426,213 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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