3535 Linda Vista Drive
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3535 Linda Vista Drive #59

A

San Marcos, CA 92078

$269,000
NEW — 2d

Beds

2

Baths

2

Sqft

1,460

Year Built

1986

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2604109

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

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About This Property

Welcome to resort-style living in the highly desirable 55+ community of Rancho Vallecitos—featuring city rent control and an exceptional lifestyle filled with amenities and social opportunities. This “post-HUD” manufactured home (built after June 1976) qualifies for preferred financing, offering added accessibility and value.  Inside, you’ll find vaulted ceilings and a drywall interior, creating a bright and spacious feel throughout. The open-concept layout seamlessly connects the kitchen, dining, and living areas—ideal for both everyday living and entertaining. The kitchen features a skylight for natural light and a convenient built-in dining bar. Additional highlights include central A/C and ceiling fans in both the living room and guest bedroom.  The home offers generously sized bedrooms, including a spacious primary suite with two walk-in closets and an updated ensuite bathroom featuring a newer dual-sink vanity.  Step outside to enjoy a private covered porch, low-maintenance turf yard, and a storage shed for added convenience.  Rancho Vallecitos residents enjoy access to a beautifully maintained, resort-style community with a clubhouse, pool and spa, fitness center, library, billiards room, game and craft spaces, putting green, dog park, and optional RV parking. With a current space rent of just $740/month and the benefit of city rent control, this home offers both comfort and long-term value.

Mortgage Calculator

Est. Monthly Payment

$1,708

Principal & Interest$1,360
Property Tax$269
Insurance$78
%($53,800)
%

Location

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Investment Score

81A
Est. Monthly Rent
$1,749
Monthly Cashflow

Rent − PITIA

+$42
Full Cashflow

Incl. vacancy, PM, maint, capex

$-585

Mortgage (P+I)
$1,360
Cap Rate
3.46%
Cash-on-Cash
-13.04%
DSCR

Need ≥ 1.25 for DSCR loan

1.02
Break-even Rent
$2,508

NOI (Annual)
$9,307
Price-to-Rent

Lower = better for investors

12.8

* 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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