1251 Granada Way
Ctop 80%San Marcos, CA 92078Neighborhood: Barham/Discovery
Pass at asking: -$4,133/mo full cashflow at 20% down, 7.43% rate.
Works at $310,912 (63% under asking), or at 91% down.
Rent $3,725/mo from 20 leases of 3-bed condos & townhomes within 2 mi ($3,499–$3,758).
Beds
3
Baths
2
Sqft
1,381
Year Built
1980
Days on Market
0
Property Type
Condo
HOA/mo
$480
MLS ID
NDP2610199
This property is in San Marcos (92078). View neighborhood stats →
About This Property
Welcome to 1251 Granada Way, a beautifully renovated 3-bedroom, 2-bath twin home in the desirable San Marcos community! Featuring a light and bright floorplan, this home offers an inviting atmosphere with thoughtful upgrades throughout. Recent improvements include new flooring, fresh interior paint, recessed lighting, and updated lighting fixtures. The remodeled kitchen showcases new countertops, a stylish backsplash, stainless steel appliances, and a convenient pantry. The living area features a beautifully refreshed fireplace, adding warmth and character to the home. Both bathrooms have been upgraded with new vanities, flooring, toilets, and lighting fixtures. The primary bedroom offers an updated closet with built-in storage for added functionality. Additional improvements include new air conditioning, updated electrical, and a furnace located in the attic. Step outside to enjoy the newly added pavers and updated fencing, creating a welcoming outdoor space. Even the garage has been improved with new flooring. With extensive upgrades inside and out, this move-in-ready home offers comfort, style, and modern convenience. Don't miss this wonderful opportunity to own a beautifully updated home in San Marcos!
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Est. Monthly Payment
$6,293
Location
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Zoned Schools
Elementary
Discovery Elementary · grades K-5 · San Marcos Unified
Middle
San Elijo Middle · grades 6-8 · San Marcos Unified
High
San Marcos 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
$3,725
Comp Average
$3,606
550 Almond Rd
3bd / 3ba · 1,228 sqft · Condo
$650K
Est. $3,567/mo
749 Almond Rd
3bd / 3ba · 1,238 sqft · Condo
$675K
Est. $3,405/mo
1189 Springfield Rd
3bd / 2.5ba · 1,410 sqft · Townhouse
$850K
Est. $3,666/mo
1298 Rue Saint Martin
3bd / 2ba · 1,542 sqft · Condo
$920K
Est. $3,826/mo
1646 Via Barlovento
2bd / 2ba · 1,533 sqft · Condo
$900K
Est. $3,565/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
20 leases of 3-bed condos & townhomes within 2 mi · $3,499–$3,758
Blended 50/50 with the zip's market median ($3,863)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,133/mo short at 20% down; 91% down or +$5,367/mo rent closes it.
- Break-even price
- $310,912
- Break-even rent
- $9,092/mo
- Cashflow at 35% down
- −$3,248/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
63% under asking
$5,367/mo above the estimate
$772,590 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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