809 Discovery Street
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809 Discovery Street #SPC 100

A

San Marcos, CA 92078

$449,000
NEW — 2d

Soft Appraisal Value: $444,900 · 0.9% above estimate

Beds

2

Baths

2

Sqft

1,280

Year Built

2004

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2604682

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

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About This Property

Welcome to this peaceful and well-maintained home located in the desirable 55+ community of Lakeview Mobile Estates in San Marcos! This spacious 2-bedroom, 2-bath home offers approximately 1,280 sq ft of comfortable living space with vaulted ceilings, abundant natural light, and beautiful city lights and sunset views. Built in 2004, this newer manufactured home enjoys wonderful natural breezes that flow throughout the home, creating a relaxing indoor-outdoor feel. The property features fully enclosed outdoor spaces offering both privacy and functionality, including a front patio, side patio, and a storage shed for added convenience. The inviting living area includes a cozy fireplace, while the bright kitchen features a skylight that brings in even more natural light. A standout feature of this home is the panoramic view overlooking San Mar- cos Square, stretching across the back patio. From glowing sunsets to sparkling city lights, this view creates a serene backdrop for morning coffee, evening relaxation, or entertaining guests. Recent improvements since 2024 include dual-pane vinyl windows throughout the home with charming French-style grids on the 5 front windows, updated laminate flooring in the kitchen and bathrooms, fresh exterior paint, new painted wooden skirting, upgraded aluminum vents with protective screens, and white faux-wood blinds installed throughout. Additional highlights include covered parking and access to community amenities including a pool, spa, clubhouse, and recreation area. Conveniently located near shopping, dining, and entertainment.

Mortgage Calculator

Est. Monthly Payment

$2,850

Principal & Interest$2,270
Property Tax$449
Insurance$131
%($89,800)
%

Location

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Investment Score

69A
Est. Monthly Rent
$2,547
Monthly Cashflow

Rent − PITIA

$-303
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,263

Mortgage (P+I)
$2,270
Cap Rate
2.69%
Cash-on-Cash
-16.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.89
Break-even Rent
$4,188

NOI (Annual)
$12,084
Price-to-Rent

Lower = better for investors

14.7

* 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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