877 Blackstone Drive

877 Blackstone Drive

D

San Marcos, CA 92078

$715,000

Beds

2

Baths

2

Sqft

1,251

Year Built

2021

Days on Market

54

Property Type

Townhouse

HOA/mo

$272

MLS ID

NDP2601313

Description

North City near CSUSM • Balcony with hillside views • Paid solar + EV outlet • Bonus room for office/gym • Community pool + fire pit Located in Rancho Tesoro’s Skyhaus collection, this 2-bedroom, 2-bath home offers 1,251 sq ft built in 2021 with a functional two-story layout plus a versatile first-floor bonus room. The main living level features an open-concept design with a spacious kitchen, dining, and living area that connects to a covered balcony with hillside views. The kitchen includes quartz countertops, upgraded cabinetry, stainless steel appliances, gas range, and a peninsula with bar seating. Interior features include luxury vinyl plank flooring in main areas, upgraded carpet in bedrooms, recessed lighting, dual-pane windows, and neutral finishes throughout. The primary suite includes a dual-sink vanity and walk-in shower with glass enclosure. The secondary bedroom offers natural light and flexible use. The first-floor bonus room provides a dedicated space for a home office, remote work setup, gym, media room, or additional living area—separate from the main living level for added flexibility and privacy. Additional features include in-unit stacked laundry, tankless water heater, whole house fan, and fully paid solar. The attached 2-car garage includes an EV outlet. Outdoor space includes a gated front courtyard patio and covered balcony. Community amenities include pool, spa, fire pit, BBQ areas, and outdoor seating. Located in North City near Cal State San Marcos with proximity to Kaiser San Marcos Medical Center and the future Scripps development. Nearby access to shopping, dining, parks, and Hwy 78. NEARBY AMENITIES Cal State San Marcos (CSUSM) (~1.5–2.0 mi) Kaiser Permanente San Marcos Medical Center (~1.5 mi) Future Scripps Medical Campus (planned nearby) San Elijo Hills Town Center (~1.5 mi) Double Peak Park (~2.0 mi) Discovery Lake (~1.5 mi) Lake San Marcos (~2–3 mi) Starbucks (~1–2 mi) Albertsons (~1.5 mi) Hwy 78 access (~2–3 mi)

Mortgage Calculator

Est. Monthly Payment

$4,811

Principal & Interest$3,615
Property Tax$715
Insurance$209
HOA$272
%($143,000)
%

Investment Score

4D
Est. Monthly Rent
$3,239
Monthly Cashflow

Rent − PITIA

$-1,572
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,913

Mortgage (P+I)
$3,615
Cap Rate
1.18%
Cash-on-Cash
-24.45%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$7,022

NOI (Annual)
$8,426
Price-to-Rent

Lower = better for investors

18.4

* 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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