1866 Fairway Circle
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1866 Fairway Circle

D

San Marcos, CA 92078

$625,000
NEW — 6d

Soft Appraisal Value: $615,900 · 1.5% above estimate

Beds

2

Baths

2

Sqft

1,150

Year Built

1975

Days on Market

6

Property Type

Condo

HOA/mo

$525

MLS ID

NDP2605203

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

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About This Property

Welcome to 1866 Fairway Circle Drive a beautifully upgraded upper-level condo in one of San Marcos’ most desirable communities and most sought after unit. Overlooking The Links golf course and breathtaking mountain views from your private balcony along with peaceful coastal breezes and resort-style living. Walking distance to Lake San Marcos, award winning San Marcos Schools and a short drive to some of the beast Carlsbad beaches and restaurants. Inside, you’ll find a thoughtfully upgraded interior featuring fresh paint throughout, including baseboards, new ceiling fans in both bedrooms, an updated marble tile fireplace, and a beautifully refreshed kitchen complete with painted cabinetry, stylish backsplash, custom window shade, new refrigerator, new dishwasher, and modern finishes that create a bright and inviting atmosphere. Both bathrooms have been tastefully renovated with refinished walls and ceilings, updated vanity tops and sinks, refinished cabinetry, and more. A newer water heater adds additional peace of mind. The sellers have also paid the community special assessment in full, providing incredible value and peace of mind. Community amenities include a large pool, spa, tennis and pickleball court, and a gorgeous club house. HOA dues include cable and internet, private security, and more making everyday living even more convenient. With golf, beaches, shopping, dining, and hiking nearby, this home offers the ultimate Southern California beach and golf lifestyle. This is the crown jewel of the community and it won't last long.

Mortgage Calculator

Est. Monthly Payment

$4,493

Principal & Interest$3,160
Property Tax$625
Insurance$182
HOA$525
%($125,000)
%

Location

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Investment Score

29D
Est. Monthly Rent
$2,889
Monthly Cashflow

Rent − PITIA

$-1,603
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,789

Mortgage (P+I)
$3,160
Cap Rate
0.71%
Cash-on-Cash
-26.77%
DSCR

Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$6,511

NOI (Annual)
$4,460
Price-to-Rent

Lower = better for investors

18.0

* 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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