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538 Cleveland Ave
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538 Cleveland Ave

Ctop 80%

Escondido, CA 92026

$1,159,000
NEW — 1d
STR-eligible · unincorporated county · TOT 8%

Pass at asking: -$5,712/mo full cashflow at 20% down, 7.36% rate.

Works at $411,595 (64% under asking), or at 92% down.

Rent $4,085/mo: zip market median for this bed count.

Beds

3

Baths

2

Sqft

1,872

Year Built

1980

Days on Market

1

Property Type

OwnYourOwn

HOA/mo

N/A

MLS ID

NDP2610225

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

Virtual Tour

About This Property

THIS IS WHERE YOU WANT TO LIVE, IF YOU LIKE QUIET MORNINGS UNDER YOUR COVERED PATIO, (FRONT OR BACK) SIPPING YOUR COFFEE/TEA AND JUST ENJOYING PEACE, TRICKLING OF THE KOI POND UNDER THE TREES IN THE BACK YARD OR LOOKING OVER YOUR SMALL VINEYARD OF CABERNET GRAPES AT THE HILLS ON DAILEY RANCH FROM THE FRONT YARD. THEN MID DAY YOU HAVE A FRIENDLY PICKLEBALL TOURNEMENT SINCE YOU HAVE 4 COURTS IN YOUR BACK YARD. THERE IS PLENTY OF PARKING FOR FRIENDS, RV'S AND TOYS. THE HOMEITSELF HAS BEEN UPDATED, VERY BRIGHT AND OPEN WITH AN INLARGED PRIMARY BR WITH A SPA JUST OUTSIDE THE SLIDER. YOU WILL LOVE LIVING HERE.

Mortgage Calculator

Est. Monthly Payment

$7,892

Principal & Interest$6,394
Property Tax$1,159
Insurance$338
%($231,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Reidy Creek Elementary · grades K-5 · Escondido Union

  • Middle

    Rincon Middle · 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

9C
Est. Monthly Rent
$4,085

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$3,806
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,712

What would make this work?

$5,712/mo short at 20% down; 92% down or +$7,418/mo rent closes it.

Break-even price

64% under asking

$411,595
Break-even rent

$7,418/mo above the estimate

$11,503/mo
Cashflow at 35% down
−$4,513/mo
Down payment to break even

$1,066,280 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$6,394
Cap Rate
0.92%
Cash-on-Cash
-29.57%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
NOI (Annual)
$10,642
Price-to-Rent

Lower = better for investors

23.6

* 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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CCashflow−$5,712/mo