650 S Rancho Santa Fe Rd
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650 S Rancho Santa Fe Rd #251

A

San Marcos, CA 92078

$399,000
NEW — 2d

Soft Appraisal Value: $395,300 · 0.9% above estimate

Beds

2

Baths

2

Sqft

1,440

Year Built

1976

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2606148

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

Virtual Tour

About This Property

Welcome to this beautifully remodeled home in the highly sought-after Palomar Estates East. Enjoy picturesque views of the surrounding hills from the comfort of your living room. The stunning kitchen features rich wood cabinetry, granite countertops, and stainless steel appliances, creating an inviting space for cooking and entertaining. Stylish plank vinyl flooring extends throughout the main living areas, while most of the home has been upgraded with drywall and energy-efficient dual-pane vinyl windows. Step outside to your own private outdoor retreat, perfect for relaxing and enjoying the year-round San Marcos climate. The home is conveniently located within easy walking distance of the community clubhouse. An added benefit is that this home is on registration meaning there is NO PROPERTY TAX. Palomar Estates East is a premier 55+/35+ rent-controlled community offering an exceptional lifestyle with a full calendar of social activities and outstanding amenities, including a beautiful clubhouse, pool, spa, gym, putting green, pickleball courts, and tennis courts. Ideally situated just minutes from Lake San Marcos dining and golf, as well as Carlsbad's beautiful beaches, shopping, and restaurants, this home offers the perfect combination of comfort, convenience, and active living. Don't miss this opportunity to own a move-in-ready home in one of North County's most desirable 55+ communities.

Mortgage Calculator

Est. Monthly Payment

$2,533

Principal & Interest$2,018
Property Tax$399
Insurance$116
%($79,800)
%

Location

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Investment Score

77A
Est. Monthly Rent
$2,509
Monthly Cashflow

Rent − PITIA

$-24
Full Cashflow

Incl. vacancy, PM, maint, capex

$-933

Mortgage (P+I)
$2,018
Cap Rate
3.26%
Cash-on-Cash
-14.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.99
Break-even Rent
$3,721

NOI (Annual)
$13,013
Price-to-Rent

Lower = better for investors

13.3

* 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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