892 Slate Street

892 Slate Street

D

San Marcos, CA 92078

$849,900

Soft Appraisal Value: $846,700 · 0.4% above estimate

Beds

3

Baths

2.5

Sqft

1,933

Year Built

2021

Days on Market

150

Property Type

Condo

HOA/mo

$310

MLS ID

NDP2510639

Description

Experience modern luxury living at 892 Slate Street in the highly desirable Latitude community of Rancho Tesoro in San Marcos. This immaculate 3 bedroom, 2.5 bath, 1,933 sq. ft. residence blends sophisticated design with contemporary comfort. High ceilings and an open-concept floorplan create a spacious, light-filled interior enhanced by designer upgrades throughout. The gourmet kitchen features premium finishes and seamlessly connects to the living and dining areas creating a perfect environment for entertaining or relaxed everyday living. Featuring the largest floorplan in the community and refined details including quartz counters, luxury vinyl plank flooring, and upgraded window treatments elevating the entire home.  Enjoy smart home technology, energy-efficient owned solar, tankless water heater, stackable laundry as well as an attached 2 car garage with plenty of room for storage. The gated HOA community features resort style amenities including pool, BBQ and picnic areas plus a tot lot for outdoor enjoyment.  Ideally located near shopping, dining, top-rated schools with easy freeway access this exceptional condo embodies effortless luxury in the heart of San Marcos.  892 Slate Street is not to be missed!

Mortgage Calculator

Est. Monthly Payment

$5,705

Principal & Interest$4,298
Property Tax$850
Insurance$248
HOA$310
%($169,980)
%

Investment Score

5D
Est. Monthly Rent
$4,316
Monthly Cashflow

Rent − PITIA

$-1,389
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,090

Mortgage (P+I)
$4,298
Cap Rate
1.70%
Cash-on-Cash
-21.82%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.76
Break-even Rent
$8,329

NOI (Annual)
$14,486
Price-to-Rent

Lower = better for investors

16.4

* 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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