1227 Highbluff Ave.
Btop 30%San Marcos, CA 92078
Pass at asking: -$2,654/mo full cashflow at 20% down, 7.43% rate.
Works at $269,399 (56% under asking), or at 83% down.
Rent $3,276/mo from 10 leases of 1–3 bed condos & townhomes within 0.5 mi ($3,131–$3,363).
Beds
2
Baths
2
Sqft
1,111
Year Built
2004
Days on Market
0
Property Type
Condo
HOA/mo
$453
MLS ID
NDP2610083
This property is in San Marcos (92078). View neighborhood stats →
About This Property
Everything you love about San Elijo Hills just a short stroll from your front door! Welcome to 1227 Highbluff Avenue, where location, lifestyle, and convenience come together in the gated WestRidge community! This inviting 2-bedroom, 2-bath home offers 1,111 square feet of comfortable living space, a scenic private balcony, a primary suite with its own bath, a flexible second bedroom, and an attached one-car garage. But here's what really makes this home special: the lifestyle waiting right outside your door! Imagine morning coffee at a neighborhood café, an evening stroll to your favorite restaurant, or a relaxing afternoon at the community pool and spa. San Elijo Village is just a 10-minute walk away! San Elijo Elementary and Middle Schools, dog parks, picnic areas, playgrounds, and sports fields are all nearby. Less time driving. More time living. And a wonderful community to call home.
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Est. Monthly Payment
$4,664
Location
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Comparable Properties
5 comps foundThis Property
$3,276
Comp Average
$3,318
542 Beverly Place
2bd / 1.5ba · 1,068 sqft · Condo
$505K
Est. $3,254/mo
1812 Fairway Circle
2bd / 2ba · 1,150 sqft · Condo
$600K
Est. $3,314/mo
3307 Faye Drive
2bd / 2.5ba · 1,193 sqft · Condo
$650K
Est. $3,420/mo
2230 Indus Way
2bd / 2.5ba · 1,158 sqft · Condo
$695K
Est. $3,331/mo
1612 Via Ocioso
2bd / 2ba · 1,076 sqft · Condo
$699K
Est. $3,270/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 1–3 bed condos & townhomes within 0.5 mi · $3,131–$3,363
Blended 50/50 with the zip's market median ($3,320)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,654/mo short at 20% down; 83% down or +$3,446/mo rent closes it.
- Break-even price
- $269,399
- Break-even rent
- $6,722/mo
- Cashflow at 35% down
- −$2,013/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
56% under asking
$3,446/mo above the estimate
$510,450 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
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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