3535 Linda Vista Drive
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3535 Linda Vista Drive #202

A

San Marcos, CA 92078

$255,000
NEW — 6d

Beds

2

Baths

2

Sqft

1,392

Year Built

1972

Days on Market

6

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2606321

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

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About This Property

Enjoy resort-style living in this spacious home on a large lot located in a desirable 55+ community offering outstanding amenities and the benefit of city rent control. Best of all, there are no property taxes because the home is still registered with HCD.  This well-maintained home features separate living and family rooms, providing plenty of space to relax or entertain. The bright kitchen offers beautiful northeast views, and those same views can be enjoyed from the expansive covered porch and spacious backyard. The backyard really is very expansive, providing space to relax and garden! Plantation shutters add style and privacy throughout the home, while abundant built-in storage—including an additional full closet in the family room/den—provides exceptional functionality.  The covered porch is easily accessed from the living room, family room, and the primary suite, creating a wonderful indoor-outdoor living experience. The spacious primary suite features a private exterior entrance, large vanity area, double closets, and a newly updated shower.  Additional highlights include newer dishwasher, refrigerator, washer, and dryer. Seller discloses that the oven is currently not operable.  Rancho Vallecitos is a beautiful, 5-Star, resort style community for persons 55 years of age and over (2nd resident can be age 45+). One of the most beautiful manufactured home communities in California, Rancho Vallecitos has great views that can be enjoyed throughout the community, plus many social activities and amenities. Amenities include a clubhouse/recreation building, pool & spa, library, gym, billiards room, card tables, game and craft room, putting green, dog park, RV parking for an additional cost, and so much more! Space rent is $716.34 and park is under city rent control.

Mortgage Calculator

Est. Monthly Payment

$1,619

Principal & Interest$1,289
Property Tax$255
Insurance$74
%($51,000)
%

Location

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Investment Score

81A
Est. Monthly Rent
$1,658
Monthly Cashflow

Rent − PITIA

+$40
Full Cashflow

Incl. vacancy, PM, maint, capex

$-554

Mortgage (P+I)
$1,289
Cap Rate
3.46%
Cash-on-Cash
-13.04%
DSCR

Need ≥ 1.25 for DSCR loan

1.02
Break-even Rent
$2,378

NOI (Annual)
$8,822
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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