1948 Fairway Circle Drive
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1948 Fairway Circle Drive

C

San Marcos, CA 92078

$615,000

Soft Appraisal Value: $607,000 · 1.3% above estimate

Beds

2

Baths

2

Sqft

1,150

Year Built

1975

Days on Market

8

Property Type

Condo

HOA/mo

$525

MLS ID

NDP2604651

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

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About This Property

Walk into your own beautiful corner of paradise on the 10th fairway with stunning views. Immediately adjacent to the kitchen is the open-concept dining area and family room with gorgeous wood floors. This home boasts an amazing array of amenities both inside and out! Community amenities include a large pool, spa, tennis and pickleball court, and a gorgeous clubhouse, just a short walk from your patio. Even more impressive, the association covers paid amenities, including cable TV, internet, water, and trash. Only a short distance from Lake San Marcos, award-winning San Marcos schools, amazing restaurants, and a short drive to Carlsbad Beach. This is about a lifestyle you can enjoy right outside your front door.

Mortgage Calculator

Est. Monthly Payment

$4,429

Principal & Interest$3,110
Property Tax$615
Insurance$179
HOA$525
%($123,000)
%

Location

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Investment Score

30C
Est. Monthly Rent
$2,847
Monthly Cashflow

Rent − PITIA

$-1,582
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,749

Mortgage (P+I)
$3,110
Cap Rate
0.70%
Cash-on-Cash
-26.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$6,417

NOI (Annual)
$4,328
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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