2284 Durango Way

2284 Durango Way #200

D

San Marcos, CA 92078

$979,900

Soft Appraisal Value: $934,600 · 4.8% above estimate

Beds

3

Baths

2.5

Sqft

1,650

Year Built

2011

Days on Market

62

Property Type

Condo

HOA/mo

$411

MLS ID

NDP2600917

Description

Welcome to this Gorgeous home ideally located on the edge of San Marcos and Carlsbad in the Old Creek Ranch Community. Light and bright floor plan with three bedrooms and two and a half bath TWO STORY home. Excellent natural light throughout! Newer kitchen counter tops along with custom touches, including custom pantry. Private laundry room with sink and window for even more natural light. Generous size half bath on the ground floor. Private/fenced yard that is easy to maintain. Attached two car garage with direct access to the home. Community pool /spa/ BBQ area are a quick stroll away for the ultimate convenience. Close to local parks, award winning schools, hospitals, shopping, colleges, library, trails, restaurants and our local BEACHES! Move in Ready! Come see this home in person!!!

Mortgage Calculator

Est. Monthly Payment

$6,632

Principal & Interest$4,955
Property Tax$980
Insurance$286
HOA$411
%($195,980)
%

Investment Score

2D
Est. Monthly Rent
$3,933
Monthly Cashflow

Rent − PITIA

$-2,699
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,420

Mortgage (P+I)
$4,955
Cap Rate
0.66%
Cash-on-Cash
-27.06%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$9,673

NOI (Annual)
$6,419
Price-to-Rent

Lower = better for investors

20.8

* 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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