1940 Fairway Circle Dr

1940 Fairway Circle Dr

D

San Marcos, CA 92078

$649,000
NEW — 2d on market

Beds

3

Baths

2

Sqft

1,325

Year Built

1975

Days on Market

2

Property Type

Condo

HOA/mo

$525

MLS ID

260006058SD

View on MLS

Description

Enjoy stunning views of the San Marcos mountain peaks and golf course from this desirable unit in Fairway Knolls. This 3 bedroom, 2 bath second-floor home features vaulted ceilings, newer windows and sliding doors, newer AC, and newer stainless steel fridge and microwave. The spacious living room is centered around a charming fireplace with a wooden mantel, creating a warm and inviting living space. The oversized covered patio with vaulted ceiling provides the perfect setting for relaxing or entertaining year-round. Convenient in-unit laundry is located on the back patio. HOA fees include water, trash, cable TV, high-speed internet, roof maintenance, and exterior building maintenance. Community amenities include pool, tennis courts, and clubhouse. HOA special assessment has been fully paid. Assigned covered parking with storage is located directly across from the unit entry. Ideally located near all that Lake San Marcos has to offer, including golf courses, restaurants, fishing, water activities, shopping, schools, and easy freeway access.

Mortgage Calculator

Est. Monthly Payment

$4,645

Principal & Interest$3,282
Property Tax$649
Insurance$189
HOA$525
%($129,800)
%

Investment Score

9D
Est. Monthly Rent
$3,448
Monthly Cashflow

Rent − PITI − HOA

$-1,197
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,531

Mortgage (P+I)
$3,282
Cap Rate
1.39%
Cash-on-Cash
-11.06%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$4,645

NOI (Annual)
$9,014
Price-to-Rent

Lower = better for investors

15.7

* 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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