1401 El Norte Parkway
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1401 El Norte Parkway #SPC 91

A

San Marcos, CA 92069

$300,000
NEW — 3d

Beds

2

Baths

2

Sqft

1,544

Year Built

1971

Days on Market

3

Property Type

Manufactured

HOA/mo

$177

MLS ID

NDP2604055

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

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About This Property

Fantastic opportunity in the foothills of San Marcos! This 2-bedroom, 2-bath home in 55+ Madrid Manor offers 1,544 esf and is ready for your vision. Built in 1971, this property presents a great chance to update and customize to your taste. Located in a land-owned community with low HOA fees, residents enjoy a well-maintained setting with access to a variety of amenities and social activities. Madrid Manor is a land-owned 55+ community of approximately 330 manufactured homes featuring resort-style amenities including a clubhouse with kitchen and dining space, pool and spa, fitness and aerobics rooms, card and library rooms, billiards, shuffleboard, tennis with pickleball courts, mini golf, walking paths, and scenic water features. The community also offers an active social calendar with organized events, clubs, and gatherings, plus RV parking availability. Multiple financing options may be available. Schedule your private showing today.

Mortgage Calculator

Est. Monthly Payment

$2,081

Principal & Interest$1,517
Property Tax$300
Insurance$88
HOA$177
%($60,000)
%

Location

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Investment Score

74A
Est. Monthly Rent
$1,950
Monthly Cashflow

Rent − PITIA

$-132
Full Cashflow

Incl. vacancy, PM, maint, capex

$-830

Mortgage (P+I)
$1,517
Cap Rate
2.75%
Cash-on-Cash
-16.61%
DSCR

Need ≥ 1.25 for DSCR loan

0.94
Break-even Rent
$3,029

NOI (Annual)
$8,238
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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