1355 Sky Ridge
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1355 Sky Ridge

D

San Marcos, CA 92078

$839,000
NEW — 0d

Beds

3

Baths

2

Sqft

1,442

Year Built

2004

Days on Market

0

Property Type

Condo

HOA/mo

$378

MLS ID

260012379SD

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

About This Property

Welcome to this stunning 3-bedroom, 2-bath corner unit condo located in the highly sought-after, gated community of Westridge in San Elijo Hills. This light-filled, open-concept move-in ready home offers an inviting layout and an unbeatable location in the heart of the neighborhood with ample guest parking right in front of the property! The chef's kitchen features custom quartz countertops, a large island, and convenient pull-out cabinet drawers. A cozy living room fireplace, a designated dining area, and an outdoor patio provide the perfect setting for everyday living and entertaining. The primary suite enjoys privacy as the only bedroom on the third floor, and includes a soaking tub, ceiling fan, and spacious closet. The 2-car attached garage is complete with an EV charging outlet, smart garage door, and Nitro tile garage flooring. Additional highlights include a smart thermostat, custom interior paint, updated blinds throughout, and newer carpet in the downstairs bedrooms. Enjoy the convenience of a separate laundry room and deep storage closet conveniently located on the main living level. The resort-style community amenities include a beautifully maintained pool with waterfall and jacuzzi, all within the secure gated community. San Elijo Park located just outside Westridge hosts holiday events and weekend sports. Perfectly situated minutes from Cal State San Marcos and zoned for the award-winning San Marcos School District, this home offers the perfect blend of comfort and lifestyle. Mere feet away from the town center, community parks & schools - A must see!

Mortgage Calculator

Est. Monthly Payment

$5,704

Principal & Interest$4,242
Property Tax$839
Insurance$245
HOA$378
%($167,800)
%

Location

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Investment Score

28D
Est. Monthly Rent
$3,894
Monthly Cashflow

Rent − PITIA

$-1,810
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,405

Mortgage (P+I)
$4,242
Cap Rate
1.20%
Cash-on-Cash
-24.35%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$8,316

NOI (Annual)
$10,047
Price-to-Rent

Lower = better for investors

18.0

* 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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