1401 El Norte Pkwy

1401 El Norte Pkwy

D

San Marcos, CA 92069

$447,900

Soft Appraisal Value: $316,900 · 41.3% above estimate

Beds

2

Baths

2

Sqft

1,152

Year Built

1977

Days on Market

26

Property Type

Manufactured

HOA/mo

$222

MLS ID

260004105SD

Description

This beautiful, LAND OWNED home has a lovely floor plan, with light and airy spaces, and an open concept. Everything is in excellent condition, from the luxury primary suite with tiled bath to the large second bedroom. The addition bath is fully upgraded with tile. The kitchen is a delight with upgrades throughout. The residence has a 433 A permanent foundation for excellent financing. The roof, HVAC, AC, and water heater have been recently upgraded. Gorgeous side patio opens up a lovely backyard with easy maintenance and is decorator-perfect. Also enjoying low monthly costs with HOA fees of $222 trash service at $24.07, and sewer at $31.19. Madrid Manor offers a vibrant, resort-style lifestyle with outstanding amenities, including a large clubhouse, sparkling pool and spa, fitness center, aerobics room, tennis and pickleball courts, mini golf walking paths, RV/boat/trailer parking, and beautifully maintained grounds. Ideally located near shopping, dining, and medical services, this home delivers an exceptional combination of comfort, value, and community living. Don’t miss the opportunity to experience one of San Marcos’s most sought-after 55+ neighborhoods!

Mortgage Calculator

Est. Monthly Payment

$3,065

Principal & Interest$2,265
Property Tax$448
Insurance$131
HOA$222
%($89,580)
%

Investment Score

39D
Est. Monthly Rent
$2,915
Monthly Cashflow

Rent − PITI − HOA

$-151
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,194

Mortgage (P+I)
$2,265
Cap Rate
2.87%
Cash-on-Cash
-2.02%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.95
Break-even Rent
$3,066

NOI (Annual)
$12,845
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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