838 Luminara Way
1 / 20

838 Luminara Way

D

San Marcos, CA 92078

$1,419,000
NEW — 3d

Soft Appraisal Value: $1,389,200 · 2.1% above estimate

Beds

5

Baths

4

Sqft

2,708

Year Built

2006

Days on Market

3

Property Type

Single Family

HOA/mo

$93

MLS ID

NDP2604956

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

Virtual Tour

About This Property

Step into this entertainer’s dream home in the highly sought-after Luminara neighborhood of San Elijo Hills. This ideal floor plan features a spacious family room with fireplace just off the kitchen, perfect for large gatherings and everyday living. A main-level bedroom and full bath offer flexibility for guests, a home office, or a gym. Upstairs, you’ll find the primary suite, two secondary bedrooms, and an additional en-suite bedroom, for a total of five bedrooms and four full bathrooms. Highlights include recently re-stained wood floors and a freshly painted exterior. The backyard is designed for entertaining, with a beautiful paver patio, garden beds, and glass fencing that create an inviting outdoor space for relaxing and enjoying the San Elijo lifestyle. Located near top-rated Double Peak School and within walking distance to ballparks, soccer fields, picnic areas, playgrounds, dog park, and community center. Enjoy nearby shops and eateries, plus 18 miles of trails, a 19-acre park, and 1,000 acres of open space. Seller to select services. Room dimensions and square footage are approximate, per builder and assessor records. Mello-Roos is estimated. All MLS and marketing information is deemed reliable but not guaranteed.

Mortgage Calculator

Est. Monthly Payment

$9,101

Principal & Interest$7,175
Property Tax$1,419
Insurance$414
HOA$93
%($283,800)
%

Location

Loading map...

Investment Score

10D
Est. Monthly Rent
$5,499
Monthly Cashflow

Rent − PITIA

$-3,602
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,050

Mortgage (P+I)
$7,175
Cap Rate
0.95%
Cash-on-Cash
-25.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$13,356

NOI (Annual)
$13,509
Price-to-Rent

Lower = better for investors

21.5

* 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.

Get Expert AnalysisOpen Full Calculator