1811 Sheridan
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1811 Sheridan

Ctop 80%

San Marcos, CA 92078Neighborhood: Questhaven/La Costa Meadows

$1,869,999

Pass at asking: -$8,600/mo full cashflow at 20% down, 7.43% rate.

Works at $750,197 (60% under asking), or at 87% down.

Rent $7,626/mo from 9 leases of 5-bed houses within 2 mi ($6,355–$9,823).

Beds

5

Baths

4.5

Sqft

3,875

Year Built

2007

Days on Market

137

Property Type

Single Family

HOA/mo

$110

MLS ID

AR26139726

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

About This Property

Welcome to Mahogany at Old Creek Ranch, a premier residence situated at the west end of the highly desirable San Elijo community. This expansive five-bedroom, 4.5-bathroom home offers 3,875 square feet of living space, representing the largest and most sought-after floor plan in the development.The property features a sophisticated layout designed for both comfort and entertaining, including: - Grand Interior Spaces: A gorgeous entrance leads to a high-ceiling living room with a fireplace, a formal dining room that opens to a private courtyard, and an extra-large family room complete with a dedicated media area and fireplace. - Gourmet Kitchen: Equipped with a generous center island, gas range, oven, microwave, dishwasher, and a bright breakfast nook. - Master Suite Retreat: An expansive primary suite featuring double vanities, two walk-in closets, an oversize shower, and a relaxing spa-sized soaking tub. - Refined Details: The home is updated with recessed lighting, ceiling fans, and a three-car tandem garage. - Exterior & Landscaping: Professionally designed hardscape with stamped concrete and lush palm trees.Located within the boundaries of top-tier San Marcos schools—including Carrillo Elementary, San Elijo Middle, and San Marcos High—this home offers the quintessential coastal San Elijo lifestyle. You will enjoy close proximity to local shopping, Southern California beaches, and major freeway access.

Mortgage Calculator

Est. Monthly Payment

$12,914

Principal & Interest$10,389
Property Tax$1,870
Insurance$545
HOA$110
%($374,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Carrillo Elementary · grades K-5 · San Marcos Unified

  • Middle

    San Elijo Middle · grades 6-8 · San Marcos Unified

  • High

    San Marcos High · grades 9-12 · San Marcos Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules

Investment Score

14C
Est. Monthly Rent
$7,626

9 leases of 5-bed houses within 2 mi · $6,355–$9,823

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$5,288
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,600

What would make this work?

$8,600/mo short at 20% down; 87% down or +$11,169/mo rent closes it.

Break-even price

60% under asking

$750,197
Break-even rent

$11,169/mo above the estimate

$18,795/mo
Cashflow at 35% down
−$6,652/mo
Down payment to break even

$1,626,899 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$10,389
Cap Rate
1.39%
Cash-on-Cash
-27.59%
DSCR

Need ≥ 1.25 for DSCR loan

0.59

NOI (Annual)
$26,040
Price-to-Rent

Lower = better for investors

20.4

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$8,600/mo