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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.

Simple math:
$400,000 purchase price with 20% down payment.
$320,000 loan amount at 3.75% = $1,482 per month.

$1,482 P&I
$363 property taxes
$215 HOA+MR
$2,060 Total

$2,500 per month potential rent.

$440 per month positive cash flow potential with 20% down.

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