1523 San Elijo Rd S
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1523 San Elijo Rd S #206

D

San Marcos, CA 92078

$899,000

Soft Appraisal Value: $895,900 · 0.3% above estimate

Beds

3

Baths

3

Sqft

1,647

Year Built

2009

Days on Market

91

Property Type

Townhouse

HOA/mo

$468

MLS ID

260003927SD

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

Virtual Tour

About This Property

FIRST TIME on the market — now with a fresh new look! This beautifully maintained MarketWalk residence offers one of the community’s most desirable and versatile floor plans, featuring 3 bedrooms + an optional 4th office/flex space and 3 full baths. Lovingly cared for by its original owners and used only as a lightly lived-in second home, the property remains in exceptional condition. Just completed: a full interior re-paint, giving the home a bright, clean, and updated feel the moment you walk in. Flooded with natural light, the open-concept layout offers effortless walkability and everyday comfort. Located steps from the San Elijo Hills Town Center, enjoy grocery, dining, coffee, shopping, parks, trails, and top-rated schools right outside your door. MarketWalk is known for its charm, convenience, and community atmosphere — a truly special place to live. Additional highlights include: • Flexible office/bonus room • Spacious bedrooms + abundant windows • 10 ft ceilings • Brand-new washer & dryer • Detached two-car garage The home is vacant, freshly painted, easy to show, and ready for its next chapter. See updated photos!

Mortgage Calculator

Est. Monthly Payment

$6,175

Principal & Interest$4,546
Property Tax$899
Insurance$262
HOA$468
%($179,800)
%

Location

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Investment Score

22D
Est. Monthly Rent
$4,073
Monthly Cashflow

Rent − PITIA

$-2,102
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,788

Mortgage (P+I)
$4,546
Cap Rate
1.01%
Cash-on-Cash
-25.28%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$8,992

NOI (Annual)
$9,097
Price-to-Rent

Lower = better for investors

18.4

* 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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