681 Beverly Place
Atop 10%San Marcos, CA 92078
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 →
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!
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Est. Monthly Payment
$3,815
Location
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Comparable Properties
5 comps foundThis Property
$3,543
Comp Average
$3,184
542 Beverly Place
2bd / 1.5ba · 1,068 sqft · Condo
$505K
Est. $3,244/mo
1548 Grandon Avenue
2bd / 1.5ba · 1,060 sqft · Townhouse
$490K
Est. $2,975/mo
1812 Fairway Circle
2bd / 2ba · 1,150 sqft · Condo
$600K
Est. $3,304/mo
1227 Ave
2bd / 2ba · 1,111 sqft · Condo
$629K
Est. $3,166/mo
1612 Via Ocioso
2bd / 2ba · 1,076 sqft · Condo
$699K
Est. $3,230/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,504/mo short at 20% down; 64% down or +$1,953/mo rent closes it.
- Break-even price
- $305,071
- Break-even rent
- $5,496/mo
- Cashflow at 35% down
- −$980/mo
- Down payment to break even
- 64%
- Rate to break even
- 1.02%
39% under asking
$1,953/mo above the estimate
$319,999 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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