965 Lincoln Ave
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965 Lincoln Ave

Atop 10%

Escondido, CA 92026

$599,999
NEW — 0d

Pass at asking: -$1,550/mo full cashflow at 20% down, 7.43% rate.

Works at $398,232 (34% under asking), or at 58% down.

Rent $3,972/mo from 11 leases of 3-bed houses within 2 mi ($3,307–$3,823).

Beds

3

Baths

2

Sqft

1,192

Year Built

1957

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610051

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

Virtual Tour

About This Property

Investors, this is the opportunity you've been waiting for! R-3 Zoning in the heart of Escondido! This property sits on almost 0.25-acre lot with R-3 zoning and offers tons of potential for your next project! The property features two units. A 2 bedroom, 1 bathroom main home and a separate 1 bedroom, 1 bathroom unit. The main home has been rewired and repiped, and the kitchen was recently remodeled! The second unit has also been recently remodeled, giving this property even more potential. You'll also find plenty of parking, a fenced lot, and lots of space to bring your ideas to life. Whether you're an investor, contractor, or buyer looking for your next project, this property is worth a look! With its great location, recent improvements, and R-3 zoning, there are plenty of possibilities to explore. Please note: The property currently has open city code violations, including unpermitted improvements that require correction or removal. Buyers are encouraged to verify zoning, permits, unit legality, and possible uses with the City of Escondido. A great opportunity with lots of potential! Bring your vision and don't miss out!

Mortgage Calculator

Est. Monthly Payment

$4,108

Principal & Interest$3,333
Property Tax$600
Insurance$175
%($120,000)
%
Loan Term

Location

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Investment Score

70A
Est. Monthly Rent
$3,972

11 leases of 3-bed houses within 2 mi · $3,307–$3,823

Blended 50/50 with the zip's market median ($4,142)

Monthly Cashflow

Rent − PITIA

-$136
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,550

What would make this work?

$1,550/mo short at 20% down; 58% down or +$2,013/mo rent closes it.

Break-even price

34% under asking

$398,232
Break-even rent

$2,013/mo above the estimate

$5,985/mo
Cashflow at 35% down
−$925/mo
Down payment to break even

$347,999 cash

58%
Rate to break even

at 20% down

2.04%

Mortgage (P+I)
$3,333
Cap Rate
3.96%
Cash-on-Cash
-15.50%
DSCR

Need ≥ 1.25 for DSCR loan

0.97

NOI (Annual)
$23,785
Price-to-Rent

Lower = better for investors

12.6

* 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
ACashflow−$1,550/mo