901 Slate
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901 Slate

C

San Marcos, CA 92078

$925,000

Soft Appraisal Value: $916,100 · 1.0% above estimate

Beds

3

Baths

2.5

Sqft

1,933

Year Built

2021

Days on Market

45

Property Type

Townhouse

HOA/mo

$309

MLS ID

260009729SD

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

Virtual Tour

About This Property

Polished and refined, welcome home to this gem on Slate St! Nestled in the gated, resort-style community of Latitude at Rancho Tesoro, this spacious end-unit with owned solar has been meticulously cared for and shines with upgrades throughout, all while being assigned to sought-after Double Peak School. Situated in a charming courtyard, this smart-enabled townhome features the premier layout of the community, unique to this property, with a dedicated office on the first level and, very importantly, a bathroom on the main living level. Light and bright with shutters throughout, the kitchen, living, and dining areas flow together effortlessly and extend out to a covered balcony. With an upgraded backsplash and countertop, the kitchen features impressive counter space and storage with sight lines to the entire floor. With 3 bedrooms, an office, and 2.5 bathrooms, this gorgeous 1,933 ESF home lives large. The primary suite is a true retreat with a balcony, dual vanities, and walk-in closet. The second and third bedrooms feature walk-in closets and share a spacious bathroom with a bathtub. With laundry near the bedrooms and an attached two-car garage with overhead storage, this 2021 build offers convenient functionality. Surrounded by a beautifully kept neighborhood, this standout home offers the best of both worlds, an ideal location close to outdoor activities like lakes and trails without compromising proximity to shops and dining. Experience Rancho Tesoro’s stunning pool area with BBQs, loungers, fire pits, and more, and see for yourself how wonderful life is on Slate St!

Mortgage Calculator

Est. Monthly Payment

$6,181

Principal & Interest$4,677
Property Tax$925
Insurance$270
HOA$309
%($185,000)
%

Location

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Investment Score

33C
Est. Monthly Rent
$4,562
Monthly Cashflow

Rent − PITIA

$-1,619
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,439

Mortgage (P+I)
$4,677
Cap Rate
1.61%
Cash-on-Cash
-22.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$9,029

NOI (Annual)
$14,855
Price-to-Rent

Lower = better for investors

16.9

* 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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