1 / 20

1930 San Marcos Boulevard #231

San Marcos, CA 92078

$385,000

NEW — 2d

Soft Appraisal Value: $378,800 · 1.6% above estimate

Beds

Baths

Sqft

1,248

Year Built

1983

Days on Market

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2603908

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

Virtual Tour

About This Property

Welcome Home!!! Palomar Estates West, spc. 231. Beautiful 5-star Resort Living, Rent Controlled 55+ Community. This wonderful home is bright, great quality laminate flooring through-out, except carpet in both bedrooms. Double pane windows, shutters, central air/heating, gas stove & oven, gas washer/ dryer. All appliances convey. Enjoy the wonderful ocean breeze on the over-sized covered porch/patio. Spacious shed w/work bench & bright fluorescent lighting & built-in shelving. Low maintenance yard w/orange tree. Community amenities include - heated pool year-round, spa, sauna, billiard rm, card rm, library, clubhouse, shuffleboard, bocce ball, table tennis, darts, gym, pickleball, tennis, putting green, dog park, carwash & laundry mat. Land Lease - $739.95 Mo. Verify S/F COE. Park Approval Required.

Mortgage Calculator

Est. Monthly Payment

$2,444

Principal & Interest$1,947

Property Tax$385

Insurance$112

Down Payment

%($77,000)

Interest Rate

Loan Term

Location

Loading map...

Comparable Properties

5 comps found

This Property

$2,503

Comp Average

$1,654

1145 Barham Drive

2bd / 2ba · 1,100 sqft · Mfd/Mobile Home

$245K

Est. $1,593/mo

3535 Linda Vista Drive

2bd / 2ba · 1,128 sqft · Mfd/Mobile Home

$260K

Est. $1,689/mo

3535 Linda Vista Drive

2bd / 2ba · 1,460 sqft · Mfd/Mobile Home

$269K

Est. $1,749/mo

1560 Circa Del Lago

1bd / 1ba · 660 sqft · Condo

$239K

Est. $1,554/mo

1616 Circa Del Lago

1bd / 1ba · 660 sqft · Condo

$259K

Est. $1,684/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

78A

Est. Monthly Rent

$2,503

Monthly Cashflow

Rent − PITIA

+$59

Full Cashflow

Incl. vacancy, PM, maint, capex

$-837

Mortgage (P+I)

$1,947

Cap Rate

3.46%

Cash-on-Cash

-13.05%

DSCR

Need ≥ 1.25 for DSCR loan

1.02

Break-even Rent

$3,590

NOI (Annual)

$13,314

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.

Get Expert Analysis Open Full Calculator