681 Beverly Place

681 Beverly Place

Atop 10%

San Marcos, CA 92078

$499,999
NEW — 0d

Pass at asking: -$1,504/mo full cashflow at 20% down, 7.49% rate.

Works at $305,071 (39% under asking), or at 64% down.

Rent $3,543/mo from 13 leases of 3-bed condos & townhomes within 2 mi ($3,106–$3,323).

Beds

3

Baths

2

Sqft

1,084

Year Built

1985

Days on Market

0

Property Type

Condo

HOA/mo

$375

MLS ID

NDP2609998

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

Virtual Tour

About This Property

Welcome to this beautifully remodeled, single-story end-unit twinhome condominium in the desirable Lake Park Terrace community of San Marcos! Situated on a corner lot, this 3-bedroom, 2-bathroom home offers approximately 1,084 square feet of updated living space with the convenience of single-level living. Recently remodeled throughout, this home features new luxury vinyl plank flooring throughout the main living areas, new carpet in all bedrooms, and fresh interior paint. The fireplace has been beautifully updated, creating an inviting focal point in the living space. The kitchen and bathrooms feature refinished cabinetry and new quartz countertops, while all-new windows complete the extensive updates throughout the home. Enjoy a private, enclosed patio perfect for relaxing, entertaining, or creating your own outdoor retreat. The home also features an attached one-car garage with convenient interior access, along with an additional parking space. Lake Park Terrace offers desirable community amenities, including a pool and spa. HOA services include water, trash, exterior maintenance, front yard maintenance, management, and common-area maintenance. With its extensive updates, desirable corner end-unit location, single-story layout, private enclosed patio, attached garage, and additional parking, this beautifully refreshed home offers an excellent opportunity for first-time buyers, downsizers, or investors. Enjoy updated living in an established San Marcos community. Don't miss the opportunity to make this move-in-ready home your own!

Mortgage Calculator

Est. Monthly Payment

$3,815

Principal & Interest$2,794
Property Tax$500
Insurance$146
HOA$375
%($100,000)
%
Loan Term

Location

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Investment Score

69A
Est. Monthly Rent
$3,543

13 leases of 3-bed condos & townhomes within 2 mi · $3,106–$3,323

Blended 50/50 with the zip's market median ($3,913)

Monthly Cashflow

Rent − PITIA

-$272
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,504

What would make this work?

$1,504/mo short at 20% down; 64% down or +$1,953/mo rent closes it.

Break-even price

39% under asking

$305,071
Break-even rent

$1,953/mo above the estimate

$5,496/mo
Cashflow at 35% down
−$980/mo
Down payment to break even

$319,999 cash

64%
Rate to break even

at 20% down

1.02%

Mortgage (P+I)
$2,794
Cap Rate
3.52%
Cash-on-Cash
-18.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.93

NOI (Annual)
$17,611
Price-to-Rent

Lower = better for investors

11.8

* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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ACashflow−$1,504/mo