2010 W San Marcos Blvd #18

2010 W San Marcos Blvd #18

Ctop 80%

San Marcos, CA 92078

$635,000
NEW — 5d

Pass at asking: -$3,047/mo full cashflow at 20% down, 7.43% rate.

Works at $238,286 (62% under asking), or at 90% down.

Rent $2,635/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,488

Year Built

1988

Days on Market

5

Property Type

Manufactured

HOA/mo

$199

MLS ID

NDP2610044

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

About This Property

Las Brisas beauty! Enjoy coastal living in this beautifully updated home located in a friendly gated 55+ community where you own the land. Fresh remodel includes new flooring, a stylish new bathroom shower, and dual-pane windows with plantation shutters. The versatile layout features 2 bedrooms plus a spacious room addition 13x13 that can serve as a 3rd bedroom, office, craft room, or cozy family room. Situated on a prime corner lot with great elevation, you’ll love the peak of an ocean view* hillside views! Refreshing ocean breezes. New HVAC, front patio charming entertainers dream* generous storage area perfect for a workshop/1 car garage/man cave. Only 6 miles from the beach and minutes to shopping and medical services. Own the land!

Mortgage Calculator

Est. Monthly Payment

$4,547

Principal & Interest$3,528
Property Tax$635
Insurance$185
HOA$199
%($127,000)
%
Loan Term

Investment Score

31C
Est. Monthly Rent
$2,635

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$1,912
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,047

What would make this work?

$3,047/mo short at 20% down; 90% down or +$3,957/mo rent closes it.

Break-even price

62% under asking

$238,286
Break-even rent

$3,957/mo above the estimate

$6,592/mo
Cashflow at 35% down
−$2,385/mo
Down payment to break even

$571,500 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,528
Cap Rate
1.16%
Cash-on-Cash
-28.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.58

NOI (Annual)
$7,350
Price-to-Rent

Lower = better for investors

20.1

* Modelled at 20% down, 7.43% 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−$3,047/mo