1003 La Ventana Court

1003 La Ventana Court

Ctop 80%

San Marcos, CA 92078

$675,000
NEW — 0d

Pass at asking: -$3,033/mo full cashflow at 20% down, 7.43% rate.

Works at $280,024 (59% under asking), or at 85% down.

Rent $3,339/mo from 11 leases of 1–3 bed condos & townhomes within 1 mi ($3,284–$3,762).

Beds

2

Baths

2

Sqft

1,200

Year Built

1975

Days on Market

0

Property Type

Condo

HOA/mo

$420

MLS ID

NDP2610081

This property is in San Marcos (92078). View neighborhood stats →

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About This Property

Level up your day-to-day with coastal breezes, waterfront dining, and the relaxed lifestyle that makes Lake San Marcos such a special place to call home. With 2 golf courses, 3 restaurants, shops, doctors’ offices, and more right in the community, there’s plenty to enjoy without ever leaving the neighborhood. Beautifully remodeled and tucked into a quieter setting furthest from the road, this single-story end-unit home offers a no-stairs access option and plenty of nearby parking. Inside, the bright, open layout connects the kitchen, dining, and living areas, creating an inviting space for hosting friends or enjoying a quiet evening. Quartz countertops, stainless steel appliances, custom cabinetry, and a matching custom-built island bring style and generous storage to the kitchen. Luxury vinyl plank flooring flows through the main living spaces, while dual-pane windows and 2 sliding glass doors fill the home with natural light and connect the interior to the patio. The 2 spacious bedrooms each feature an ensuite bathroom, offering comfort and privacy for you and your guests. The primary suite includes custom paneling, cozy carpeting, a walk-in shower, and direct patio access, while the second bathroom features a tub. Outside, beautiful views and cooling coastal breezes make the patio a natural extension of your living space, perfect for morning coffee, dinner outdoors, or unwinding at the end of the day. Two newer mini-split systems and an updated electrical panel add comfort and peace of mind. The spacious garage offers a standout bonus: an area originally intended for golf cart parking has been transformed into a large bonus/hobby room with a custom built-in desk. Whether you enjoy creative projects or simply want more room to organize, this flexible space adds everyday functionality. Extensive custom built-in storage includes shelving deep enough for storage totes, keeping seasonal decor, hobby supplies, and other belongings neatly organized and within reach. Enjoy nearby lake access for kayaking and paddleboarding, meet friends for waterfront dining, or take part in local events. Optional Lake & Lodge membership offers pools, pickleball courts, a gym, and more. When you venture beyond the community, shopping, dining, local colleges, major freeways, and the coast are all within easy reach. Come home to thoughtful upgrades, a peaceful setting, and a lifestyle that makes every day feel a little more like a getaway.

Mortgage Calculator

Est. Monthly Payment

$5,042

Principal & Interest$3,750
Property Tax$675
Insurance$197
HOA$420
%($135,000)
%
Loan Term

Location

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Investment Score

35C
Est. Monthly Rent
$3,339

11 leases of 1–3 bed condos & townhomes within 1 mi · $3,284–$3,762

Blended 50/50 with the zip's market median ($3,320)

Monthly Cashflow

Rent − PITIA

-$1,703
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,033

What would make this work?

$3,033/mo short at 20% down; 85% down or +$3,939/mo rent closes it.

Break-even price

59% under asking

$280,024
Break-even rent

$3,939/mo above the estimate

$7,278/mo
Cashflow at 35% down
−$2,330/mo
Down payment to break even

$573,750 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,750
Cap Rate
1.57%
Cash-on-Cash
-26.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$10,602
Price-to-Rent

Lower = better for investors

16.8

* 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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CCashflow−$3,033/mo