525 W El Norte Pkwy 42

525 W El Norte Pkwy 42

Atop 10%

Escondido, CA 92026

$315,000
NEW — 2d

Pass at asking: -$891/mo full cashflow at 20% down, 7.43% rate.

Works at $199,059 (37% under asking), or at 61% down.

Rent $2,440/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,440

Year Built

1971

Days on Market

2

Property Type

Manufactured

HOA/mo

$350

MLS ID

260026602SD

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

About This Property

PROPERTY IS PRICED ACCORDING TO ITS CONDITION AND BEING SOLD AS-IS. More interior photos to come Mon 11/9. LOCATION LOCATION LOCATION. This is perhaps the best location in Rancho Escondido, with this home sitting within steps of the clubhouse and pool, but off the main path so there's very little vehicle traffic going by. And it backs up to the vast greenbelt, providing amazing and calming views of the grass and trees, and occasional wildlife. And the guest parking is just yards away as well. The property also features one of the larger lots in this land-owned park, giving you plenty of room to garden, as evidenced by the current roses and grapefruit tree. There's a lemon tree within reach as well. The home itself has a warm, cozy feeling but is older and does require some attention to bring it up to modern standards. The covered front patio area and deck off the back give you ample outdoor living space too. ***PROPERTY IS PRICED ACCORDING TO ITS CONDITION*** LOCATION LOCATION LOCATION! This is perhaps the best location in Rancho Escondido, with this home sitting within steps of the clubhouse and pool, but off the main path so there's very little vehicle traffic going by. And it backs up to the vast greenbelt, providing amazing and calming views of the grass and trees, and occasional wildlife. And the guest parking is just yards away as well. The property also features one of the larger lots in this land-owned park, giving you plenty of room to garden, as evidenced by the current roses and grapefruit tree. There's a lemon tree within reach as well. The home itself has a warm, cozy feeling but is older and does require some attention to bring it up to modern standards. The covered front patio area and deck off the back give you ample outdoor living space too. Rancho Escondido itself is one of the nicest 55 and over manufactured home parks in the county with multiple pools, a car washing station, and RV parking as well.

Mortgage Calculator

Est. Monthly Payment

$2,507

Principal & Interest$1,750
Property Tax$315
Insurance$92
HOA$350
%($63,000)
%
Loan Term

Investment Score

76A
Est. Monthly Rent
$2,440

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$67
Full Cashflow

Incl. vacancy, PM, maint, capex

-$891

What would make this work?

$891/mo short at 20% down; 61% down or +$1,157/mo rent closes it.

Break-even price

37% under asking

$199,059
Break-even rent

$1,157/mo above the estimate

$3,597/mo
Cashflow at 35% down
−$563/mo
Down payment to break even

$192,150 cash

61%
Rate to break even

at 20% down

1.41%

Mortgage (P+I)
$1,750
Cap Rate
3.74%
Cash-on-Cash
-16.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.97

NOI (Annual)
$11,776
Price-to-Rent

Lower = better for investors

10.8

* 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.

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ACashflow−$891/mo