1234 Granada Way

1234 Granada Way

D

San Marcos, CA 92078

$695,000

Beds

3

Baths

2

Sqft

1,381

Year Built

1980

Days on Market

28

Property Type

Condo

HOA/mo

$470

MLS ID

260001797SD

Description

Endless potential at this single story home, that feels like a detached home. Enjoy the convenience of your own attached two car garage and a private back patio, perfect for entertaining or outdoor relaxation. This home features a newer HVAC system as well as a tankless water heater for added efficiency. Near the center of the home is an inviting outdoor courtyard with dual pane sliding doors, which bring in natural light. At the top of the private courtyard you'll find a retractable awning for added shade. Community amenities feature a pool and tennis courts.

Mortgage Calculator

Est. Monthly Payment

$4,882

Principal & Interest$3,514
Property Tax$695
Insurance$203
HOA$470
%($139,000)
%

Investment Score

8D
Est. Monthly Rent

HUD Fair Market Rent

$4,330
Monthly Cashflow
$-2,127

Mortgage (P+I)
$3,514
Cap Rate
2.39%
Cash-on-Cash
-18.37%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.23
Break-even Rent
$6,111

NOI (Annual)
$16,643
Price-to-Rent

Lower = better for investors

13.4

* Defaults: 20% down, 6.5% rate, 30yr.

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