2010 San Marcos Boulevard #26
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2010 San Marcos Boulevard #26

Ctop 80%

San Marcos, CA 92078Neighborhood: Business/Industrial District

$649,000
NEW — 1d

Pass at asking: -$3,170/mo full cashflow at 20% down, 7.36% rate.

Works at $234,256 (64% under asking), or at 91% down.

Rent $2,583/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,344

Year Built

1988

Days on Market

1

Property Type

Manufactured

HOA/mo

$199

MLS ID

NDP2610202

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

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About This Property

55+ Gated Community – You Own the Land, No Space Rent! Welcome to Las Brisas Pacifica, a desirable 55+ gated community in San Marcos, conveniently located near the Carlsbad border. Situated in an attractive location within the community, this beautifully renovated 2-bedroom, 2-bath home offers scenic views, refreshing coastal breezes, and an abundance of natural light. Interior highlights include a remodeled kitchen, updated bathrooms, bamboo flooring, dual-pane windows, and a cozy electric fireplace. The attached 2-car garage provides convenient direct access to the home. Enjoy the benefits of land ownership with no space rent and a low HOA of $199 per month. Community amenities include a sparkling pool, clubhouse, and welcoming neighborhood atmosphere with opportunities for social gatherings and activities. Ideally located near Lake San Marcos Resort and its recreational amenities, with convenient access to Carlsbad beaches, golf courses, shopping, dining, and entertainment. A wonderful opportunity to enjoy comfortable, low-maintenance living in a well-established North County community!

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Est. Monthly Payment

$4,618

Principal & Interest$3,581
Property Tax$649
Insurance$189
HOA$199
%($129,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Mirada Academy · grades K-8 · San Marcos Unified

  • Middle

    La Mirada Academy · grades K-8 · San Marcos Unified

  • High

    San Marcos High · grades 9-12 · San Marcos Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

28C
Est. Monthly Rent
$2,583

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$2,035
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,170

What would make this work?

$3,170/mo short at 20% down; 91% down or +$4,116/mo rent closes it.

Break-even price

64% under asking

$234,256
Break-even rent

$4,116/mo above the estimate

$6,699/mo
Cashflow at 35% down
−$2,498/mo
Down payment to break even

$590,590 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,581
Cap Rate
1.00%
Cash-on-Cash
-29.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.56

NOI (Annual)
$6,483
Price-to-Rent

Lower = better for investors

20.9

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$3,170/mo