1681 Circa Del Lago
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1681 Circa Del Lago #F104

D

San Marcos, CA 92078

$375,000
NEW — 3d

Soft Appraisal Value: $421,100 · 10.9% below estimate

Beds

2

Baths

1.5

Sqft

962

Year Built

1986

Days on Market

3

Property Type

Condo

HOA/mo

$3,212

MLS ID

NDP2604931

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

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About This Property

Rare move-in ready single level residence in the original Model F building with private entry, no stairs and no units above or below, offering a quiet setting that feels like a townhouse. One of only 5 villas/cottages located within Chateau Lake San Marcos, a 55+ premier active adult community. Recently remodeled, the home features vaulted ceilings in the living room and bedrooms, fresh paint throughout, newer carpet in the bedrooms, a kitchen with quartz countertops and stainless steel appliances, a walk in closet and a fireplace. A private patio with yard space enhances the indoor outdoor living experience. The Chateau lifestyle provides daily dining in the on-site dining room along with biweekly housekeeping, linen and towel service, concierge support and scheduled transportation for medical appointments and shopping. A full calendar of activities keeps the community active and social, ranging from fitness classes and movie nights to a wide variety of resident-led clubs. Clubs and groups feature bridge, bingo, mahjong, poker, book club, arts and crafts, mindfulness discussions and casual game nights, along with fitness focused options such as walking clubs, tai chi, balance and strength classes and water aerobics. Community amenities include a heated pool, spa, fitness center, library, clubhouse and gated security with onsite staff. Within Lake San Marcos, residents also enjoy lake access, walking paths, tennis and pickleball courts and additional recreational amenities. Pet friendly community.

Mortgage Calculator

Est. Monthly Payment

$5,593

Principal & Interest$1,896
Property Tax$375
Insurance$109
HOA$3,212
%($75,000)
%

Location

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Investment Score

10D
Est. Monthly Rent
$2,438
Monthly Cashflow

Rent − PITIA

$-3,154
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,027

Mortgage (P+I)
$1,896
Cap Rate
-6.82%
Cash-on-Cash
-64.44%
DSCR

Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$7,668

NOI (Annual)
$-25,575
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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