909 Richland Road

909 Richland Road

D

San Marcos, CA 92069

$444,900

Soft Appraisal Value: $569,500 · 21.9% below estimate

Beds

2

Baths

2

Sqft

1,540

Year Built

1984

Days on Market

137

Property Type

Manufactured

HOA/mo

$382

MLS ID

NDP2510492

Description

Just reduced!!!!And with acceptable offer, seller will credit buyer 5K for flooring or closing costs. Diamond in the rough....Great potential. Lowest price for sale in the park. Seller will consider offers. Great yard for gardening or your special pet. Foothills of San Marcos 55+ Land owned park. Enjoy over 1500 SQ of living space. Spacious remodeled kitchen with recessed lighting, beige Corian countertops, and stainless appliances. Large living room with large picture windows to allow comforting light into the house. Good sized primary bedroom with a walk-in closet and recently remodeled ensuite bath. Newer bath includes newer double sink vanity, soaking tub, walk-in shower, newer toilet & newer flooring. Both baths have skylights. Indoor laundry room complete with utility sink. Newer water heater, a.c. unit and heater. Enjoy relaxing views and breezes. Comfortable covered back patio. Nice backyard with artificial turf. So many amenities in this active park. Community club house, tennis, swimming pool, card rooms, dog walking areas, and much more. Onsite RV parking for a fee. HOA includes cable with HBO. Possible FHA loan assumption at 3% interest rate

Mortgage Calculator

Est. Monthly Payment

$3,206

Principal & Interest$2,250
Property Tax$445
Insurance$130
HOA$382
%($88,980)
%

Investment Score

33D
Est. Monthly Rent
$2,915
Monthly Cashflow

Rent − PITI − HOA

$-292
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,333

Mortgage (P+I)
$2,250
Cap Rate
2.47%
Cash-on-Cash
-3.93%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.91
Break-even Rent
$3,207

NOI (Annual)
$11,003
Price-to-Rent

Lower = better for investors

12.7

* 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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