1145 Barham Drive #124
Atop 10%San Marcos, CA 92078Neighborhood: Barham/Discovery
Works at asking: +$116/mo full cashflow at 20% down, 7.43% rate.
Still breaks even up to $264,179 (6% above asking).
Rent $2,635/mo: zip market median for this bed count.
Beds
2
Baths
1
Sqft
960
Year Built
1967
Days on Market
96
Property Type
Mfd/Mobile Home
HOA/mo
N/A
MLS ID
NDP2607350
This property is in San Marcos (92078). View neighborhood stats →
About This Property
A HOME FOR THE HOLIDAYS ~ Gorgeous 2 Bedroom 1 Bath plus office nook on a spacious corner lot. Remodeled kitchen with quartz countertops, new cabinetry and updated appliances. Dual pane windows and sliding glass door. White plantation shutters in the living and dining areas. Wood-look vinyl flooring. Beautiful bathroom with a custom walk-in shower. The primary bedroom has a walk-in closet and office nook. Private & inviting side porch. The backyard is so... spacious & is another added bonus to an already fantastic home. The community is 55+ & rent controlled. The community pool is heated year round & the pool/jacuzzi area views are spectacular! Another bonus - no property taxes (HCD registered). The monthly space rent is $676.31 and includes trash pickup twice a week.
Mortgage Calculator
Est. Monthly Payment
$1,705
Location
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Zoned Schools
Elementary
Knob Hill Elementary · grades K-5 · San Marcos Unified
Middle
Woodland Park Middle · grades 6-8 · San Marcos Unified
High
Mission Hills High · grades 9-12 · San Marcos Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$2,635
Comp Average
$2,635
3535 Linda Vista Drive
2bd / 2ba · 1,248 sqft · Mfd/Mobile Home
$249K
Est. $2,635/mo
1286 Discovery St
2bd / 2ba · 1,344 sqft · Mfd/Mobile Home
$264K
Est. $2,635/mo
3535 Linda Vista Drive
2bd / 2ba · 1,176 sqft · Mfd/Mobile Home
$279K
Est. $2,635/mo
1145 Barham Drive
2bd / 2ba · 1,368 sqft · Mfd/Mobile Home
$300K
Est. $2,635/mo
1930 San Marcos Boulevard
2bd / 2ba · 1,248 sqft · Mfd/Mobile Home
$350K
Est. $2,635/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
Cashflows +$116/mo at 20% down with every reserve funded.
- Break-even price
- $264,179
- Break-even rent
- $2,484/mo
- Cashflow at 35% down
- +$376/mo
- Down payment to break even
- 19%
- Rate to break even
- 8.27%
6% above asking
Estimated rent already clears it
$47,310 cash
at 20% down
Lower = better for investors
* 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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