1401 El Norte Parkway
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1401 El Norte Parkway #34

A

San Marcos, CA 92069

$445,500

Soft Appraisal Value: $304,100 · 46.5% above estimate

Beds

3

Baths

2

Sqft

1,200

Year Built

2012

Days on Market

241

Property Type

Manufactured

HOA/mo

$222

MLS ID

250038113SD

This property is in San Marcos (92069). View neighborhood stats →

Virtual Tour

About This Property

OWN THE LAND! Welcome to Madrid Manor, a highly desirable 55+ senior community! This corner lot home offers privacy with only one neighbor and a breezeway that invites natural airflow. The open floor plan features a spacious living room, kitchen, and dining area, perfect for everyday living and entertaining. With 2 guest bedrooms and 2 full baths, and a generous primary bedroom (3 total bedrooms), there’s plenty of room to spread out. Enjoy outdoor living with a large patio, space for comfortable seating, and a yard complete with an orange tree and play area for pets or additional seating. Tandem covered parking for 2 cars, plus an inside laundry room with abundant storage cabinets, adds convenience. Great investment opportunity as rental. Madrid Manor residents enjoy access to a clubhouse, pool, and walking paths for outdoor exercise. Ideally located near shopping, restaurants, churches, and major highways. Easy to show, contact the listing agent today! Welcome to Madrid Manor, a highly desirable 55+ senior community! This corner lot home offers privacy with only one neighbor and a breezeway that invites natural airflow. The open floor plan features a spacious living room, kitchen, and dining area—perfect for everyday living and entertaining. With 2 guest bedrooms and 2 full baths, and a generous primary suite, (3 total bedrooms), there’s plenty of room to spread out. Enjoy outdoor living with a large patio, space for comfortable seating, and a yard complete with an orange tree and area for pets or additional seating. Tandem covered parking for 2 cars, plus an inside laundry room with abundant storage cabinets, adds convenience. Madrid Manor residents enjoy access to a clubhouse, pool, and walking paths for outdoor exercise. Ideally located near shopping, restaurants, churches, and major highways. Easy to show, contact the listing agent today!

Mortgage Calculator

Est. Monthly Payment

$3,050

Principal & Interest$2,253
Property Tax$446
Insurance$130
HOA$222
%($89,100)
%

Location

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Investment Score

68A
Est. Monthly Rent
$2,799
Monthly Cashflow

Rent − PITIA

$-251
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,266

Mortgage (P+I)
$2,253
Cap Rate
2.66%
Cash-on-Cash
-17.05%
DSCR

Need ≥ 1.25 for DSCR loan

0.92
Break-even Rent
$4,443

NOI (Annual)
$11,838
Price-to-Rent

Lower = better for investors

13.3

* 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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