1401 El Norte Pkwy

1401 El Norte Pkwy

D

San Marcos, CA 92069

$398,000

Soft Appraisal Value: $316,900 · 25.6% above estimate

Beds

2

Baths

2

Sqft

1,440

Year Built

1972

Days on Market

11

Property Type

Manufactured

HOA/mo

$222

MLS ID

NDP2601949

View on MLS

Description

This is a really nice and spacious 2 BR 2 Bath unit with a Family Room and Large Enclosed California Room not included in the square footage that is currently being used as an Office. New Laminate Floors. Freshly painted inside and out. Open front porch to enjoy the wonderful breeze that comes through. Desirable location with no neighbors in front of you or behind you for privacy. Plenty of parking for friends and family. Mirrored Closet Doors in the Master Bedroom with his and her closets. This home has good bones. Many upgrades. BIG WHEELCHAIR RAMP IN THE CARPORT. 5 Year old roof. Blinds throughout. Central Air Conditioning and Heat. Good size manicured fenced back yard. Huge insulated storage shed with a ceiling fan and plenty of shelves. Nice and clean. Includes Washer and Dryer. Move in ready. Seller will pay for a One year Home Warranty for buyer. HOA will allow two small pets 20 pounds or less. More pics to come soon.

Mortgage Calculator

Est. Monthly Payment

$2,749

Principal & Interest$2,013
Property Tax$398
Insurance$116
HOA$222
%($79,600)
%

Investment Score

51D
Est. Monthly Rent
$2,915
Monthly Cashflow

Rent − PITI − HOA

+$166
Full Cashflow

Incl. vacancy, PM, maint, capex

$-836

Mortgage (P+I)
$2,013
Cap Rate
3.55%
Cash-on-Cash
2.51%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.06
Break-even Rent
$2,749

NOI (Annual)
$14,123
Price-to-Rent

Lower = better for investors

11.4

* 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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