San Marcos Gem
For those looking for a good investment property, how about my new listing of this newer 2,259sf low-maintenance house that is walking distance to Cal State San Marcos?
It should rent for $2,300 to $2,500 per month – a smaller house that backs to the hillside is being offered for $2,850/month.
The HOA is $130/month (for a gated community!), and the Mello-Roos is $42/month. Redfin link.
$400,000 purchase price with 20% down payment.
$320,000 loan amount at 3.75% = $1,482 per month.
$363 property taxes
$2,500 per month potential rent.
$440 per month positive cash flow potential with 20% down.