1401 El Norte Pkwy

1401 El Norte Pkwy

D

San Marcos, CA 92069

$410,000

Soft Appraisal Value: $316,900 · 29.4% above estimate

Beds

2

Baths

2

Sqft

1,200

Year Built

1969

Days on Market

48

Property Type

Manufactured

HOA/mo

$222

MLS ID

260002198SD

Description

NEW IMPROVED PRICE and all furniture can be included! Bring us an offer this weekend!! Madrid Manor is an owner occupied; LAND OWNED NO SPACE RENT 55+ community. This naturally light and bright, meticulously maintained remodeled 2 bed 2 bath home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous en - suite bathrooms, new shutters throughout. The beautiful relaxation/entertaining area outside is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

Mortgage Calculator

Est. Monthly Payment

$2,825

Principal & Interest$2,073
Property Tax$410
Insurance$120
HOA$222
%($82,000)
%

Investment Score

48D
Est. Monthly Rent
$2,915
Monthly Cashflow

Rent − PITI − HOA

+$90
Full Cashflow

Incl. vacancy, PM, maint, capex

$-922

Mortgage (P+I)
$2,073
Cap Rate
3.37%
Cash-on-Cash
1.31%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.03
Break-even Rent
$2,825

NOI (Annual)
$13,811
Price-to-Rent

Lower = better for investors

11.7

* 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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