1401 El Norte Parkway
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1401 El Norte Parkway #SPC 282

C

San Marcos, CA 92069

$544,800
NEW — 2d

Beds

2

Baths

2

Sqft

1,440

Year Built

2025

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

$266

MLS ID

NDP2604874

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

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About This Property

New, move-in-ready home for sale in the sought-after 55+ Madrid Manor community. Notably, this property features no land lease or rent. The home offers a spacious kitchen with a center island, vaulted ceilings with natural lighting, and a wide hallway leading to the bedrooms. The master suite includes a walk-in closet and a walk-in shower. Additionally, there is an optional room suitable for a den, office, or craft space, and an extra-long carport ideal for outdoor entertaining. Madrid Manor is conveniently located near I-15 and various shopping centers. Residents enjoy a wide range of amenities, including: - A large clubhouse with a stage and dining area. - Pool, spa, and exercise/aerobics rooms. - Library, card room, and a pool room with three tables. - Tennis/Pickleball courts, shuffleboard, and mini-golf. - A dance studio and a secondary clubhouse for meetings. - Landscaped hillside walking paths.

Mortgage Calculator

Est. Monthly Payment

$3,725

Principal & Interest$2,755
Property Tax$545
Insurance$159
HOA$266
%($108,960)
%

Location

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Investment Score

37C
Est. Monthly Rent
$2,452
Monthly Cashflow

Rent − PITIA

$-1,273
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,291

Mortgage (P+I)
$2,755
Cap Rate
1.02%
Cash-on-Cash
-25.23%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$5,427

NOI (Annual)
$5,571
Price-to-Rent

Lower = better for investors

18.5

* 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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