1616 Circa Del Lago

1616 Circa Del Lago #108

D

San Marcos, CA 92078

$275,000

Soft Appraisal Value: $270,100 · 1.8% above estimate

Beds

1

Baths

1

Sqft

660

Year Built

1986

Days on Market

11

Property Type

Condo

HOA/mo

$2,705

MLS ID

260006394SD

View on MLS

Description

WELCOME HOME TO CHATEAU LAKE SAN MARCOS - UNIT C#108 - Enjoy the lifestyle you have been searching for a long time - NOT A CARE IN THE WORLD! Chateau Lake San Marcos is a resort-style 55+ retirement community in San Marcos, CA, offering independent living with optional assisted living and memory care. Residents own their condos and pay a monthly HOA fee that covers dining, housekeeping, transportation, utilities, and extensive amenities like fitenss centers, pools and a library. The community provides a vibrant lifestyle with numerous on-site and off-site activities, concerge services, and pet-friendly options (with size limits). This unique, chill, light and bright 1 bedroom 1 bath is indeed HOME-SWEET-HOME. Remember when you arrive at your NEW HOME -- all your worries, chores, tiresome decisions -- please leave those - outside the gate! Chateau Lake San Marcos is about NEW BEGINNINGS FOR YOU! Schedule an appointment to preview this fine property with the Listing Agent - easy to schedule and plent of opportunities to view it soon. Trust me I am sure you have GREAT TASTE and once you preview this home and decide this home is for YOU -- best hurry because if YOU SEE THE VALUE in this property -- so will the other buyers because they LIKE YOUR GOOD TASTE IN HOMES. Hurry don't delay CHATEAU LAKE SAN MARCOS awaits you today.

Mortgage Calculator

Est. Monthly Payment

$4,451

Principal & Interest$1,391
Property Tax$275
Insurance$80
HOA$2,705
%($55,000)
%

Investment Score

0D
Est. Monthly Rent
$2,193
Monthly Cashflow

Rent − PITI − HOA

$-2,258
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,991

Mortgage (P+I)
$1,391
Cap Rate
-6.98%
Cash-on-Cash
-65.26%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$6,078

NOI (Annual)
$-19,207
Price-to-Rent

Lower = better for investors

10.4

* 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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