624 Ridgemont Cir

624 Ridgemont Cir

D

Escondido, CA 92027

$1,299,888

Soft Appraisal Value: $1,279,300 · 1.6% above estimate

Beds

5

Baths

4.5

Sqft

3,740

Year Built

2003

Days on Market

31

Property Type

Single Family

HOA/mo

N/A

MLS ID

260002960SD

Description

Hidden Gem in Escondido Discover one of Escondido’s best-kept secrets—an area that feels like a serene resort surrounded by trees, mountain views, and peaceful tranquility. Whether you work from home or commute, this is where everyday life feels like a getaway. This stunning 5-bedroom, 4.5-bathroom home is nestled in a quiet, walkable neighborhood ideal for evening strolls and relaxed living. The owner invested over $50,000 transforming the backyard into a private sanctuary, featuring a mature olive tree (craned in for perfect placement), lush landscaping, a charming gazebo, and charming small garden houses, perfect for tea, reading, or creative hobbies. For moments of deep relaxation, unwind in the private jacuzzi—the perfect place to “wine down” after a long day of responsibilities, work, or whenever your body calls for a little self-care in the comfort of your own home. Nearby, enjoy endless activities: hiking or biking at Daley Ranch and Lake Hodges, unwind at Kit Carson Park, explore art and culture at the California Center for the Arts, or spend a day at Queen Califia’s Magical Circle. Stroll Grand Avenue for boutique shopping, dining, and local charm, or enjoy elevated dining at Bellamy’s Restaurant and Stone Brewing. To keep your home search as peaceful as this property, all major reports are complete including the appraisal, home inspection, termite inspection, and Natural Hazard Disclosure. Plus, an upgraded home warranty has already been paid for, ready to benefit the lucky new buyers. Come home to comfort, beauty, and tranquility—right here in Escondido.

Mortgage Calculator

Est. Monthly Payment

$8,252

Principal & Interest$6,573
Property Tax$1,300
Insurance$379
%($259,978)
%

Investment Score

6D
Est. Monthly Rent
$6,180
Monthly Cashflow

Rent − PITIA

$-2,072
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,576

Mortgage (P+I)
$6,573
Cap Rate
1.84%
Cash-on-Cash
-21.12%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$12,123

NOI (Annual)
$23,958
Price-to-Rent

Lower = better for investors

17.5

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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