1401 El Norte Parkway

1401 El Norte Parkway

D

San Marcos, CA 92069

$445,500

Soft Appraisal Value: $316,900 · 40.6% above estimate

Beds

3

Baths

2

Sqft

1,200

Year Built

2012

Days on Market

195

Property Type

Manufactured

HOA/mo

$222

MLS ID

250038113SD

Description

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)
%

Investment Score

41D
Est. Monthly Rent
$2,967
Monthly Cashflow

Rent − PITI − HOA

$-83
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,137

Mortgage (P+I)
$2,253
Cap Rate
3.01%
Cash-on-Cash
-1.12%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.97
Break-even Rent
$3,050

NOI (Annual)
$13,390
Price-to-Rent

Lower = better for investors

12.5

* 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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