1401 El Norte Parkway

1401 El Norte Parkway #34

A

San Marcos, CA 92069

$415,500

Soft Appraisal Value: $304,100 · 36.6% above estimate

Beds

3

Baths

2

Sqft

1,200

Year Built

2012

Days on Market

286

Property Type

Manufactured

HOA/mo

$222

MLS ID

250038113SD

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

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About This Property

Comfortable living awaits in the desirable 55+ community of Madrid Manor. This corner-lot home offers added privacy with only one neighboring property, tandem parking, a large patio deck, and a backyard perfect for pets, complete with mature lemon and orange trees. This original 2012 model features 3 bedrooms, 2 bathrooms, and an open floor plan filled with natural light. Conveniently located near the clubhouse and front gate, the community is also close to shopping, restaurants, wineries, churches, major roads, and highways, with the beaches just minutes away. Enjoy very low HOA monthly fees and the benefit of owning the land — no space lease. Madrid Manor offers numerous community events and a strong sense of pride of ownership among residents. Seller is motivated 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

$2,860

Principal & Interest$2,101
Property Tax$416
Insurance$121
HOA$222
%($83,100)
%

Location

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Investment Score

72A
Est. Monthly Rent
$2,701
Monthly Cashflow

Rent − PITIA

$-158
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,126

Mortgage (P+I)
$2,101
Cap Rate
2.82%
Cash-on-Cash
-16.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.94
Break-even Rent
$4,163

NOI (Annual)
$11,700
Price-to-Rent

Lower = better for investors

12.8

* 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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