931 Slate Street
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931 Slate Street

C

San Marcos, CA 92078

$869,000

Beds

3

Baths

3

Sqft

1,933

Year Built

2020

Days on Market

11

Property Type

Townhouse

HOA/mo

$309

MLS ID

260014697SD

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

About This Property

One of the best values in Rancho Tesoro! Built in 2020 and featuring owned solar, this modern 3-bedroom, 2 full baths and 2 half baths townhome combines energy efficiency, low maintenance living, and resort-style community amenities. Fresh interior paint, plantation shutters installed in 2022 throughout the living room and kitchen area, and recently upgraded luxury vinyl plank flooring in the third-level bathrooms make this home truly move-in ready. Conveniently located just minutes from CSUSM, shopping, dining, parks, and major commuter routes. The highly desirable three-story floor plan features an attached two-car garage, generous storage space, and a convenient half bath on the entry level. The bright open-concept main living level is designed for today’s lifestyle and showcases a spacious kitchen with an oversized quartz island, contemporary cabinetry, stainless steel appliances, plantation shutters, a private balcony, and an additional half bath for guests. Upstairs, the primary suite offers a walk-in closet and en-suite bath, while two additional bedrooms, a second full bathroom, and conveniently located laundry complete the upper level. The third-level bathrooms have been recently updated with luxury vinyl plank flooring, replacing the original linoleum flooring. Residents enjoy access to Rancho Tesoro’s community pool, playground, barbecue areas, gathering spaces, and scenic walking and hiking trails. With owned solar, fresh paint, updated bathroom flooring, plantation shutters, newer construction, desirable community amenities, and a prime location near CSUSM, this home offers an exceptional opportunity for first-time buyers, families, professionals, and investors alike.

Mortgage Calculator

Est. Monthly Payment

$5,826

Principal & Interest$4,394
Property Tax$869
Insurance$253
HOA$309
%($173,800)
%

Location

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Investment Score

27D
Est. Monthly Rent
$3,910
Monthly Cashflow

Rent − PITIA

$-1,915
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,539

Mortgage (P+I)
$4,394
Cap Rate
1.18%
Cash-on-Cash
-24.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$8,506

NOI (Annual)
$10,266
Price-to-Rent

Lower = better for investors

18.5

* 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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