1664 Circa Del Lago

1664 Circa Del Lago #E105

D

San Marcos, CA 92078

$378,200

Soft Appraisal Value: $377,100 · 0.3% above estimate

Beds

2

Baths

1.5

Sqft

1,034

Year Built

1986

Days on Market

75

Property Type

Condo

HOA/mo

$3,296

MLS ID

NDP2600672

Description

Chateau Lake San Marcos 55+ Independent Living Community. Fee simple. This South facing 1st floor end unit enjoys lots of natural light. Newer HVAC system installed last year. Newer electric stove and microwave installed. This unit features a full size new washer and dryer in unit, off primary suite. New shutters on windows and sliding glass door. Larger patio for plants and park-like setting with hedges and tree view. E building only has 2 stories. Chateau is nestled within the community of Lake San Marcos and residents enjoy the many amenities. The condo has been upgraded with textured ceilings, newer wood flooring in kitchen, baths and walk in closet. Carpeting in the living space. Second bath has a shower. Private patio doors open off living room and both bedrooms to your patio. Great for those who enjoy reading outdoors, privacy to sit outside with your pets. Quiet location only one attached wall. Assigned covered carport close to entrance. Minutes to dining, putting green, community room. Monthly HOA for 1 resident $3,296.00 includes: bimonthly cleaning and linen service. 30 meal credits per month. transportation, 24 hour security, basic cable, internet, gas, trash and water. HOA maintains all the exterior and pest control. Concierge service. Walk within minutes to restaurant, dock, pickleball, tennis, billiards, water sports, and community church. Chateau is a smoke free campus and pets with permission. See the Chateau LSM website for details. Move in ready. Residents are also members of Lake and Lodge amenities.

Mortgage Calculator

Est. Monthly Payment

$5,697

Principal & Interest$1,912
Property Tax$378
Insurance$110
HOA$3,296
%($75,640)
%

Investment Score

0D
Est. Monthly Rent
$2,458
Monthly Cashflow

Rent − PITIA

$-3,239
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,119

Mortgage (P+I)
$1,912
Cap Rate
-7.00%
Cash-on-Cash
-65.35%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$7,807

NOI (Annual)
$-26,480
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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