1508 Circa Del Lago
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1508 Circa Del Lago #B112

D

San Marcos, CA 92078

$355,000
NEW — 0d

Beds

2

Baths

1.5

Sqft

1,034

Year Built

1987

Days on Market

0

Property Type

Condo

HOA/mo

$3,296

MLS ID

NDP2604314

This property is in San Marcos (92078). View neighborhood stats →

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About This Property

Luxurious independent retirement living at it's best! Two bedroom end-unit condo with private patio surrounded by lush landscaping. Upgrades include your own laundry, newer LVP flooring, built in custom desk/cabinetry in both bedrooms, closet organizer in second bedroom. Chateau Lake San Marcos is a must see if you're looking for exceptional services, profession/caring staff, beautifully maintained grounds and gourmet meal dining. Monthly HOA fee is for one resident and includes: one meal credit per day, all inclusive transportation, biweekly housekeeping, linen service, water, trash, free scheduled transportation, concierge assistance, onsite exercise classes, fitness center, putting green, and access to all Lake San Marcos Community Association clubs, events and activities. Additional resident is 916.00 per month. Participate in coordinated activities and the resident controlled homeowners association as you want. Other community amenities include: dog park, lap pool/spa (heated year round), large covered patio area for gatherings, library, computers with internet access and fireplace lounge in the entry to the remodeled community center. Events are published monthly or you can tune into the Chateau's own cable television station. Come visit CLSM if you're looking for a great place to live, wonderful neighbors, fun activities in a well maintained, beautiful community. Come and see for yourself what Lake San Marcos has to offer - several local restaurants (Amalfi and Brickmans) within walking distance, two golf courses and a walking path along the lake.

Mortgage Calculator

Est. Monthly Payment

$5,550

Principal & Interest$1,795
Property Tax$355
Insurance$104
HOA$3,296
%($71,000)
%

Location

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Investment Score

9D
Est. Monthly Rent
$2,308
Monthly Cashflow

Rent − PITIA

$-3,242
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,069

Mortgage (P+I)
$1,795
Cap Rate
-7.69%
Cash-on-Cash
-68.77%
DSCR

Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$7,592

NOI (Annual)
$-27,284
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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