868 Park Drive
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868 Park Drive

Ctop 80%

Escondido, CA 92029

$1,228,888
NEW — 0d

Pass at asking: -$5,990/mo full cashflow at 20% down, 7.43% rate.

Works at $448,934 (63% under asking), or at 91% down.

Rent $4,478/mo from 13 leases of 2–4 bed houses within 2 mi ($4,055–$4,671).

Beds

3

Baths

2.5

Sqft

1,946

Year Built

1967

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW26236305

This property is in Escondido (92029). Browse neighborhood analytics →

About This Property

Tucked away behind a private gate on an expansive 0.36-acre lot, this charming Escondido residence offers privacy, tranquility, and everyday convenience. Featuring 3 bedrooms, 2.5 bathrooms, and 1,946 sq ft of living space, this inviting home captures the essence of Southern California living, with room to relax, entertain, and make lasting memories. Step outside into your very own backyard oasis, where a heated swimming pool, relaxing jacuzzi, and spacious grounds set the stage for year-round enjoyment. Imagine sunny afternoons lounging poolside, weekend gatherings with family and friends, or peaceful mornings enjoying the natural beauty surrounding your home. Two fireplaces, thoughtfully located in the living room and family room, create inviting gathering spaces perfect for cozy evenings. Adding to the property's charm is an impressive collection of mature fruit trees, including avocado, strawberry guava, orange, grapefruit, lemon, and lime—allowing you to enjoy fresh, homegrown produce right from your own yard! Situated on a generous 15,682-square-foot lot, the property offers two potential locations for Accessory Dwelling Units (ADUs), presenting exciting opportunities for multigenerational living, and guest accommodations. Recent improvements add even more appeal, including a new roof, fully paid-off solar system, and new sliding glass doors, combining modern conveniences with the home's established character. Location is another standout feature! Enjoy the peaceful atmosphere of a private retreat without sacrificing accessibility. Within walking distance of Felicita County Park, residents can enjoy scenic walking trails, lush greenery, picnic areas, and peaceful outdoor spaces just moments from home. Outdoor enthusiasts will also appreciate being approximately 10 minutes from Lake Hodges, known for its scenic nature trails, hiking, biking, and breathtaking surroundings. Everyday essentials are equally convenient, with quick access to Interstate 15, grocery stores, gas stations, shopping, and dining. Approximately 5 minutes from North County Mall and near historic Downtown Escondido, where charming local restaurants, boutiques, entertainment, and community events offer something for everyone. Whether you're searching for a peaceful personal sanctuary, a home designed for entertaining, or a property with exciting future possibilities, 868 Park Drive offers a rare combination of space, privacy, location, and versatility.

Mortgage Calculator

Est. Monthly Payment

$8,414

Principal & Interest$6,827
Property Tax$1,229
Insurance$358
%($245,778)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bernardo Elementary · grades K-5 · Escondido Union

  • Middle

    Bear Valley Middle · grades 6-8 · Escondido Union

  • High

    San Pasqual 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

10C
Est. Monthly Rent
$4,478

13 leases of 2–4 bed houses within 2 mi · $4,055–$4,671

Blended 50/50 with the zip's market median ($4,602)

Monthly Cashflow

Rent − PITIA

-$3,936
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,990

What would make this work?

$5,990/mo short at 20% down; 91% down or +$7,779/mo rent closes it.

Break-even price

63% under asking

$448,934
Break-even rent

$7,779/mo above the estimate

$12,257/mo
Cashflow at 35% down
−$4,710/mo
Down payment to break even

$1,118,288 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,827
Cap Rate
1.04%
Cash-on-Cash
-29.25%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$12,732
Price-to-Rent

Lower = better for investors

22.9

* 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.

Open Full Calculator
CCashflow−$5,990/mo