587 Gateway Lane

587 Gateway Lane

C

San Marcos, CA 92078

$1,625,000
NEW — 1d

Beds

5

Baths

4.5

Sqft

3,453

Year Built

2022

Days on Market

1

Property Type

Single Family

HOA/mo

$220

MLS ID

260017447SD

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

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About This Property

Magazine-worthy living meets multi-generational flexibility in gated Parkside at Mission Circle! Thoughtfully designed with custom finishes, layered textures, and warm coastal Mediterranean style, this stunning home offers beautifully curated spaces throughout. The expansive kitchen features quartz countertops, a walk-in pantry, designer stove surround, decorative ceiling beams, and opens to a custom fireplace and mantle--perfect for everyday living and entertaining. A standout feature is the private Next Gen suite with its own entrance, living room, bedroom, full bath, kitchenette (refrigerator, sink, microwave), and separate laundry hookups--ideal for multigenerational living, guests, older children, or rental income. Upstairs, the luxurious primary suite offers dual oversized walk-in closets and a spa-inspired bath with soaking tub and separate shower. A spacious loft provides flexible space for a media room, office, or playroom, while the upstairs laundry room adds convenience. The backyard is an inviting retreat with a covered California room, mature olive trees, curated landscaping, and space to relax or entertain. Additional highlights include paid solar with partial home backup battery under NEM 2.0, custom under-stair storage, and thoughtful upgrades throughout. Residents enjoy a true neighborhood feel with food truck Fridays, holiday bike parades, Halloween celebrations, and a welcoming gated community. Luxury, flexibility, and community--all wrapped into one extraordinary home.

Mortgage Calculator

Est. Monthly Payment

$10,536

Principal & Interest$8,217
Property Tax$1,625
Insurance$474
HOA$220
%($325,000)
%

Location

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Investment Score

5D
Est. Monthly Rent
$5,688
Monthly Cashflow

Rent − PITIA

$-4,848
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,510

Mortgage (P+I)
$8,217
Cap Rate
0.52%
Cash-on-Cash
-27.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$15,442

NOI (Annual)
$8,479
Price-to-Rent

Lower = better for investors

23.8

* 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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