1401 El Norte Pkwy

1401 El Norte Pkwy #267

A

San Marcos, CA 92069

$415,000

Soft Appraisal Value: $494,900 · 16.1% below estimate

Beds

2

Baths

2

Sqft

1,584

Year Built

1972

Days on Market

102

Property Type

Manufactured

HOA/mo

$222

MLS ID

NDP2601949

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

Virtual Tour

About This Property

This is a really nice and spacious 2 BR 2 Bath unit with a Family Room and Large Enclosed 18 X 8 California Room is currently being used as an office and is not included in the square footage listed. Total Sq Footage approx 1584. 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. WHEELCHAIR RAMP IN THE CARPORT. Mirrored Closet Doors in the Master Bedroom with his and her closets, Walk in Shower in the Master Bath with a separate Vanity in the Master Bedroom. This home has good bones. Many upgrades. 5 Year old roof. Blinds throughout. Central Air Conditioning and Heat. Ceiling fans in the Family room and Dining room. 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. This home has everything you need. Must see!

Mortgage Calculator

Est. Monthly Payment

$2,857

Principal & Interest$2,098
Property Tax$415
Insurance$121
HOA$222
%($83,000)
%

Location

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Investment Score

67A
Est. Monthly Rent
$2,550
Monthly Cashflow

Rent − PITIA

$-306
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,239

Mortgage (P+I)
$2,098
Cap Rate
2.49%
Cash-on-Cash
-17.91%
DSCR

Need ≥ 1.25 for DSCR loan

0.89
Break-even Rent
$4,159

NOI (Annual)
$10,316
Price-to-Rent

Lower = better for investors

13.6

* 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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