662 Ash St
Btop 30%Escondido, CA 92027
Pass at asking: -$2,959/mo full cashflow at 20% down, 7.43% rate.
Works at $363,632 (51% under asking), or at 77% down.
Rent $3,627/mo from 9 leases of 2–4 bed houses within 1 mi ($2,958–$3,577).
Beds
3
Baths
2
Sqft
1,042
Year Built
1961
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026508SD
This property is in Escondido (92027). View neighborhood stats →
About This Property
Ready to make this your home? This 3 BR 2 BA home with an additional separate studio attached to the home is perfect for the next family. Centrally located near shopping, restaurants and easy access to the freeway. Other features include newer roof, remodeled kitchen with quartz counter & new SS appliances, refrigerator & gas stove cooktop, floor tile throughout the entire home. Mango tree and other mature trees in front and back. Plenty of room for parking. Front yard needs TLC.
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Est. Monthly Payment
$5,128
Location
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Zoned Schools
Elementary
Pioneer Elementary · grades K-5 · Escondido Union
Middle
Mission Middle · grades 6-8 · Escondido Union
High
Orange Glen 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.
Renovation math
Flagged Fixer from the listing remarks — “needs tlc”, “tlc”.
- Asking now
- $749K
- Worth finished
- $659K
- Already above finished value
- −$89,935
$719/sqft
$633/sqft × 1,042 sqft
$86/sqft over
Comparable finished homes nearby suggest this is worth about $659K — below the asking price. A renovation here has to be funded out of the purchase, not the spread.
Rent once renovated
- Rent at par
- $3,166/mo
- Cashflow at that rent
- −$3,314/mo
$3.04/sqft × 1,042 sqft, median of 5 comps
cap rate 1.61%, DSCR 0.62
Heads up: the rent estimate elsewhere on this page ($3,627/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $3,166/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$3,627
Comp Average
$3,615
1426 Manzanita Avenue
4bd / 2ba · 1,302 sqft · Single Family
$760K
Est. $3,854/mo
1752 Ash St.
3bd / 2ba · 1,344 sqft · Single Family
$749K
Est. $3,744/mo
1059 Nightingale Pl
3bd / 2ba · 1,200 sqft · Single Family
$759K
Est. $3,646/mo
1439 Mission
3bd / 1ba · 1,063 sqft · Single Family
$755K
Est. $3,382/mo
640 Judson
3bd / 2ba · 1,006 sqft · Single Family
$780K
Est. $3,451/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2–4 bed houses within 1 mi · $2,958–$3,577
Blended 50/50 with the zip's market median ($3,700)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,959/mo short at 20% down; 77% down or +$3,843/mo rent closes it.
- Break-even price
- $363,632
- Break-even rent
- $7,470/mo
- Cashflow at 35% down
- −$2,179/mo
- Down payment to break even
- 77%
- Rate to break even
- Not reachable
51% under asking
$3,843/mo above the estimate
$576,730 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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