1021 Porteno Court
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1021 Porteno Court

C

San Marcos, CA 92078

$699,000

Soft Appraisal Value: $753,800 · 7.3% below estimate

Beds

3

Baths

2

Sqft

1,440

Year Built

1975

Days on Market

92

Property Type

Condo

HOA/mo

$420

MLS ID

NDP2601664

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

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About This Property

Stunning completely remodeled townhome with gorgeous views in the highly desirable resort style Lake San Marcos community! This meticulously upgraded 3 bed/2 bath residence features a gourmet kitchen with custom fabricated cabinetry, dual large pantries, white quartz countertops, and a beautiful white oak peninsula. All new stainless-steel appliances include range, hood, dishwasher, refrigerator, and microwave. The open-concept living and dining areas showcase a custom white oak bookcase partition wall and stylish wallpaper accent walls, while the bonus room offers versatile space for office or play with noise reduction insulation. Both bathrooms have been beautifully upgraded with new vanities, fixtures, tiled surrounds, and gold decorative accents. The master bath additionally features a custom tiled shower with glass door and white oak floating shelves. The freshly painted interior also includes luxury vinyl plank flooring, new light fixtures, ceiling fans, and custom gold door handles. The remodeled laundry space includes new washer/dryer, cabinets, and butcher block countertop. Additional highlights include a single car garage with remote door opener, plus bonus exterior parking, and a spacious storage/hobby room. The low HOA of $420/month includes water, trash, and garage electrical. Optional Lake Lodge membership provides access to tennis, pickleball, pools, gym, and game room. Award winning San Marcos schools and walkable to local shopping and dining.

Mortgage Calculator

Est. Monthly Payment

$4,857

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$420
%($139,800)
%

Location

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Investment Score

35C
Est. Monthly Rent
$3,440
Monthly Cashflow

Rent − PITIA

$-1,418
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,791

Mortgage (P+I)
$3,535
Cap Rate
1.28%
Cash-on-Cash
-23.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$7,065

NOI (Annual)
$8,920
Price-to-Rent

Lower = better for investors

16.9

* 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.

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