1109 San Julian Drive

1109 San Julian Drive

Ctop 80%

San Marcos, CA 92078

$1,149,000
NEW — 0d

Pass at asking: -$5,752/mo full cashflow at 20% down, 7.43% rate.

Works at $399,973 (65% under asking), or at 93% down.

Rent $3,990/mo from 14 leases of 1–3 bed houses within 2 mi ($4,084–$4,782).

Beds

2

Baths

3

Sqft

1,910

Year Built

1965

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610095

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

About This Property

Single-story charm and a scenic backdrop welcome you to 1109 San Julian Drive in Lake San Marcos. Offering approximately 1,910 square feet with 2 bedrooms and 3 bathrooms, this home combines generous gathering spaces with inviting outdoor areas. A broad front window brings natural light into the living room, where a fireplace creates a welcoming focal point. The adjoining dining area opens to a kitchen with abundant cabinetry, an expansive peninsula, and a convenient pass-through to the family room. Framed by windows, the wood-paneled family room offers leafy outlooks and sliding-door access to the backyard. The spacious primary suite features a skylight, a walk-in closet with built-in shelving, and an adjoining bathroom with dual sinks and a separate shower. The second bedroom also enjoys direct access to a bathroom. Outside, a patio, gravel landscaping, sculpted hedges, citrus trees, and raised succulent beds create an appealing setting for morning coffee or outdoor dining, with mature trees and distant hills beyond. An attached two-car garage includes laundry space and storage cabinetry. Set on an approximately 7,000-square-foot lot, this home offers classic character and an inviting opportunity to make it your own. Enjoy the Lake San Marcos lifestyle with The Links at Lakehouse golf course, Brickmans, and Amalfi Cucina Italiana nearby, along with shopping and outdoor recreation at Discovery Lake and its surrounding trails. Optional membership at The Lodge offers access to pools, tennis, pickleball, and fitness amenities, subject to membership terms and availability.

Mortgage Calculator

Est. Monthly Payment

$7,867

Principal & Interest$6,383
Property Tax$1,149
Insurance$335
%($229,800)
%
Loan Term

Location

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Investment Score

9C
Est. Monthly Rent
$3,990

14 leases of 1–3 bed houses within 2 mi · $4,084–$4,782

Blended 50/50 with the zip's market median ($3,557)

Monthly Cashflow

Rent − PITIA

-$3,877
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,752

What would make this work?

$5,752/mo short at 20% down; 93% down or +$7,471/mo rent closes it.

Break-even price

65% under asking

$399,973
Break-even rent

$7,471/mo above the estimate

$11,461/mo
Cashflow at 35% down
−$4,556/mo
Down payment to break even

$1,068,570 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,383
Cap Rate
0.87%
Cash-on-Cash
-30.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.51

NOI (Annual)
$9,964
Price-to-Rent

Lower = better for investors

24.0

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$5,752/mo