1940 Fairway Circle Dr
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1940 Fairway Circle Dr

C

San Marcos, CA 92078

$610,000

Soft Appraisal Value: $608,100 · 0.3% above estimate

Beds

3

Baths

2

Sqft

1,325

Year Built

1975

Days on Market

47

Property Type

Condo

HOA/mo

$525

MLS ID

260006058SD

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

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About This Property

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 special assessment has been fully paid. HOA fees include water, trash, cable TV, high-speed internet, roof maintenance, and exterior building maintenance. Community amenities include pool, tennis courts, and clubhouse. 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

$4,397

Principal & Interest$3,084
Property Tax$610
Insurance$178
HOA$525
%($122,000)
%

Location

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Investment Score

40C
Est. Monthly Rent
$3,263
Monthly Cashflow

Rent − PITIA

$-1,134
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,393

Mortgage (P+I)
$3,084
Cap Rate
1.36%
Cash-on-Cash
-23.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$6,371

NOI (Annual)
$8,294
Price-to-Rent

Lower = better for investors

15.6

* 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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