2203 Indus Way
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2203 Indus Way

Ctop 80%

San Marcos, CA 92078Neighborhood: Questhaven/La Costa Meadows

$698,888

Pass at asking: -$3,081/mo full cashflow at 20% down, 7.43% rate.

Works at $297,788 (57% under asking), or at 84% down.

Rent $3,364/mo from 17 leases of 2-bed condos & townhomes within 2 mi ($3,203–$3,391).

Beds

2

Baths

2.5

Sqft

1,158

Year Built

2013

Days on Market

94

Property Type

Townhouse

HOA/mo

$303

MLS ID

PTP2606030

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

Virtual Tour

About This Property

Offering the best location in Solaire, this beautifully updated townhome features a rare ground-level patio perfectly placed to enjoy the community's only serene courtyard. Its placement in a unique 5-unit building not only means fewer shared walls, but it also retains the benefit of a second story balcony while gaining valuable natural light for both sides of your main living area as well as in the garage. You'll quickly notice the roughly $70K recent remodel, featuring modern flooring throughout with contrasting stair risers, updated light fixtures, and a kitchen with stunning white cabinetry and backsplash, stainless appliances, quartz counters, and a gorgeously accented island with bar seating. The main floor's open floor plan includes a sizeable living room, a separate office area, a half bath, and a stacked washer & dryer. Upstairs features the primary suite with a contemporary dual vanity, a walk-in closet, and a private toilet room, along with your second bedroom and bathroom. The spacious two-car garage includes overhead storage and windows to allow natural light inside. To complete this package deal, Solaire's pool, spa, and bbq areas are calling your name!

Mortgage Calculator

Est. Monthly Payment

$5,088

Principal & Interest$3,883
Property Tax$699
Insurance$204
HOA$303
%($139,778)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Carrillo Elementary · grades K-5 · San Marcos Unified

  • Middle

    San Elijo Middle · grades 6-8 · 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.

Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules

Investment Score

36C
Est. Monthly Rent
$3,364

17 leases of 2-bed condos & townhomes within 2 mi · $3,203–$3,391

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,725
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,081

What would make this work?

$3,081/mo short at 20% down; 84% down or +$4,001/mo rent closes it.

Break-even price

57% under asking

$297,788
Break-even rent

$4,001/mo above the estimate

$7,365/mo
Cashflow at 35% down
−$2,353/mo
Down payment to break even

$587,066 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,883
Cap Rate
1.67%
Cash-on-Cash
-26.45%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$11,642
Price-to-Rent

Lower = better for investors

17.3

* 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−$3,081/mo