1401 El Norte Parkway
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1401 El Norte Parkway #219

A

San Marcos, CA 92069

$499,900

Beds

3

Baths

2

Sqft

1,493

Year Built

1999

Days on Market

50

Property Type

Manufactured

HOA/mo

$266

MLS ID

NDP2604838

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

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About This Property

THE HILLS ARE ALIVE WITH BEAUTY & BREATHTAKING VIEWS! Welcome to Space 219 in highly sought-after Madrid Manor — a premier 55+ community where you own the land and enjoy resort-style living at an incredible value with low HOA dues! Perched in a private, elevated setting, this stunning 1999-built home delivers the ultimate “ahhh” factor from the moment you arrive. Relax on the oversized porch and soak in sweeping hillside views, colorful sunsets, and peaceful surroundings that make every day feel like a getaway. This beautifully maintained home includes a 433A foundation and is ideally located between two guest parking areas for added convenience. The spacious layout offers comfort, charm, and versatility throughout. The expansive primary suite features a bonus room perfect for an office, retreat, hobby room, or gym, plus a private deck for your morning coffee. The luxurious primary bath includes dual sinks, a spa-style jet tub, and separate shower. The bright white kitchen is filled with natural light, generous cabinetry, and a center island perfect for entertaining. The inviting living room captures panoramic views and features a cozy fireplace for relaxing evenings at home. Additional highlights include skylights in both bathrooms and a covered carport with storage cabinets and two separate driveways. Residents enjoy an impressive list of resort-caliber amenities including: Sparkling pool & spa Waterfall and scenic ponds Fitness center & walking paths Pickleball & tennis courts Shuffleboard, billiards & ping pong Card room, library & puzzle area Miniature golf & corn hole RV parking & car wash area Active social calendar with countless community events Conveniently located near shopping, restaurants, places of worship, public transportation, Costco Wholesale, Walmart, San Diego Zoo Safari Park, Westfield North County Shopping Center, and easy access to I-15 and Hwy 78. This is more than a home — it’s a lifestyle. Come experience the beauty, comfort, and vibrant community living that Madrid Manor has to offer!

Mortgage Calculator

Est. Monthly Payment

$3,439

Principal & Interest$2,528
Property Tax$500
Insurance$146
HOA$266
%($99,980)
%

Location

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Investment Score

60A
Est. Monthly Rent
$2,944
Monthly Cashflow

Rent − PITIA

$-496
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,589

Mortgage (P+I)
$2,528
Cap Rate
2.25%
Cash-on-Cash
-19.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.86
Break-even Rent
$5,008

NOI (Annual)
$11,261
Price-to-Rent

Lower = better for investors

14.2

* 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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