940 Upas Street
1 / 20

940 Upas Street

C

Escondido, CA 92025

$825,000
NEW — 7d

Soft Appraisal Value: $812,500 · 1.5% above estimate

Beds

3

Baths

2

Sqft

1,216

Year Built

1937

Days on Market

7

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2604837

This property is in Escondido (92025). View neighborhood stats →

Virtual Tour

About This Property

This beautifully remodeled home comes with an approved plan to build a 3br/2ba ADU (Shovel Ready). Home was renovated from the ground up. Some of upgrades are New Roof, New Plumbing, Electrical wiring & panels, Patio cover, Driveway & Courtyard concrete, Beautiful new Kitchen, flooring, Doors, Windows, Drywalls, Fireplace, New baths & Shower, Mini Splits and much more. Great opportunity to add value. Live in one and rent the other for $3,500, rent both for $7,500 plus, or just bring your RV & toys. Please Read " Supplemental Section" for more info on remodeling & Plans. Over 200K in upgrades, architectural plans & City Permit. Home has been completely remodeled from ground up with plans & permit from City of Escondido. Some of the improvements are: New Roof, New kitchen, New Mini split ( A/C & Heat pump) for each room, New windows & doors, New bath & shower, New drywall throughout, New Plumbing, Complete new Electrical wiring & electrical panel upgrade, New beam and footing between living room & kitchen. Newley constructed 50 ft long patio with new footing for each post and much more. All work was done with plans and permits. *** In Addition, seller has an "Approved Plan & permit to build a 3 bedrooms/2 baths 1000sqft ADU in the back lot (see virtual picture) with its own address, 942 S Upas. It took over 7 months & 30K to get the plan approved. All Permit fees have been paid except a couple such as School fees & park fee etc.., which is due prior to starting the construction. All the hard work has been done by the seller. This is a great long term investment property. It is located on a very desirable street close to freeway and town center.

Mortgage Calculator

Est. Monthly Payment

$5,237

Principal & Interest$4,172
Property Tax$825
Insurance$241
%($165,000)
%

Location

Loading map...

Investment Score

36C
Est. Monthly Rent
$3,665
Monthly Cashflow

Rent − PITIA

$-1,573
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,103

Mortgage (P+I)
$4,172
Cap Rate
1.55%
Cash-on-Cash
-22.57%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$7,695

NOI (Annual)
$12,823
Price-to-Rent

Lower = better for investors

18.8

* 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.

Get Expert AnalysisOpen Full Calculator