1811 Sheridan
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1811 Sheridan

C

San Marcos, CA 92078

$1,998,000
NEW — 2d

Soft Appraisal Value: $1,939,200 · 3.0% above estimate

Beds

5

Baths

4.5

Sqft

3,875

Year Built

2007

Days on Market

2

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 oversized 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

$12,794

Principal & Interest$10,103
Property Tax$1,998
Insurance$583
HOA$110
%($399,600)
%

Location

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Investment Score

10D
Est. Monthly Rent
$7,780
Monthly Cashflow

Rent − PITIA

$-5,014
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,468

Mortgage (P+I)
$10,103
Cap Rate
0.98%
Cash-on-Cash
-25.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$18,778

NOI (Annual)
$19,615
Price-to-Rent

Lower = better for investors

21.4

* 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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