971 Borden Road
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971 Borden Road #18

A

San Marcos, CA 92069

$249,900
NEW — 4d

Beds

3

Baths

2

Sqft

1,440

Year Built

1974

Days on Market

4

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2605270

This property is in San Marcos (92069). View neighborhood stats →

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About This Property

3 bedroom / 2 bathroom VIEW property in Family park w/ NO age restrictions! Home has many improvements including an upgraded island Kitchen, updated Bathrooms, floors, refinished walls, fixtures, and more! Lovely open floor plan with plenty of natural light and views from many windows! This elevated lot offers a breezy covered porch, open air patio, and private yard in addition to a spacious storage shed and covered carport that easily fits 2-3 parked cars. Note: There is no built in closet in the 3rd bedroom but the wardrobe conveys. The refrigerator is negotiable depending on the offer terms, and all other appliances convey. Rancho San Marcos park offers a clubhouse, pool, spa, ample guest parking, and is located right across from Richland Elementary. Located in the San Marcos School District and walking distance to the newly remodeled Richland Elementary! Space rent is $1,057.18 per month + utilities.

Mortgage Calculator

Est. Monthly Payment

$1,586

Principal & Interest$1,264
Property Tax$250
Insurance$73
%($49,980)
%

Location

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Investment Score

81A
Est. Monthly Rent
$1,624
Monthly Cashflow

Rent − PITIA

+$37
Full Cashflow

Incl. vacancy, PM, maint, capex

$-544

Mortgage (P+I)
$1,264
Cap Rate
3.45%
Cash-on-Cash
-13.07%
DSCR

Need ≥ 1.25 for DSCR loan

1.02
Break-even Rent
$2,331

NOI (Annual)
$8,632
Price-to-Rent

Lower = better for investors

12.8

* 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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