909 Richland Rd

909 Richland Rd

D

San Marcos, CA 92069

$475,000

Soft Appraisal Value: $569,500 · 16.6% below estimate

Beds

3

Baths

2

Sqft

1,960

Year Built

1984

Days on Market

26

Property Type

Manufactured

HOA/mo

$382

MLS ID

260004194SD

Description

This spacious 3BR 2BA home is located in the desirable LAND-OWNED 55+ Foothills of San Marcos community. It features a 12x13 den with double folding doors, newer dual pane vinyl windows throughout with warranty, newer A/C, flooring, outlets & light switches. Two solar tubes, two skylights and the numerous vinyl windows provide lots of natural light. A newer 8x53 enclosed patio adds 424 sq. ft. of additional living space for many uses, for a total GLA of 1,960 sq. ft. Excellent location and in a superior 55+ complex! Own the land, no lease! The generously sized Primary BR with walk-in closet is at the opposite end of the other bedrooms. Primary bathroom features a double sink vanity. No interior steps or carport side. Storage shed and private backyard. Enjoy a pleasant walk up the street just four homes away to the abundant community amenities and many activities, including a beautiful pool, spa, tennis court, spacious gym & fitness center, four billiard tables, library, puzzle & card rooms, clubhouse w/full kitchen, ping-pong, horseshoe pit, BBQs, grass park, dog walking areas, on-site RV parking (for a fee), ample guest parking, solar credit for all residents. Foothills of San Marcos is close to groceries, pharmacy, shops, dining and the 78 freeway. This community is excellent senior living!

Mortgage Calculator

Est. Monthly Payment

$3,397

Principal & Interest$2,402
Property Tax$475
Insurance$139
HOA$382
%($95,000)
%

Investment Score

58D
Est. Monthly Rent
$3,780
Monthly Cashflow

Rent − PITI − HOA

+$382
Full Cashflow

Incl. vacancy, PM, maint, capex

$-883

Mortgage (P+I)
$2,402
Cap Rate
3.84%
Cash-on-Cash
4.83%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.11
Break-even Rent
$3,398

NOI (Annual)
$18,225
Price-to-Rent

Lower = better for investors

10.5

* 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.

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