1160 Festival Road
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1160 Festival Road

Ctop 80%

San Marcos, CA 92078Neighborhood: Questhaven/La Costa Meadows

$1,395,999
STR: check · San Marcos: confirm the zone · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$6,472/mo full cashflow at 20% down, 7.36% rate.

Works at $549,103 (61% under asking), or at 88% down.

Rent $5,573/mo from 10 leases of 3–5 bed houses within 1 mi ($5,407–$6,313).

Beds

4

Baths

3

Sqft

2,721

Year Built

2011

Days on Market

92

Property Type

Single Family

HOA/mo

$95

MLS ID

NDP2607420

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

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About This Property

Perfectly positioned on a quiet cul-de-sac street with no neighbors directly in front or behind, this beautifully updated San Elijo Hills residence offers the rare combination of privacy, space, and panoramic views. Set on a large lot with expansive vistas from the top of the property, this home captures the peaceful lifestyle that makes this community so sought after. Inside, soaring ceilings and abundant natural light welcome you into a thoughtfully designed floor plan featuring fresh interior and exterior paint, brand-new downstairs flooring, new kitchen countertops, and stylish updated finishes throughout. The open-concept kitchen serves as the heart of the home, complete with an oversized island, breakfast bar, double ovens, stainless steel appliances, and generous prep space, all flowing seamlessly into the inviting family room that is perfect for family gatherings or entertaining. The versatile layout includes a full bedroom and bathroom on the main level, ideal for guests, multigenerational living, or a private home office. Upstairs, a spacious loft offers the perfect flex space for a media room, playroom, or additional office and also has ocean views. The generous primary suite provides a relaxing retreat with a spa-inspired bath featuring dual vanities, soaking tub, separate shower, and a large walk-in closet. Two additional bedrooms and a full bath complete the second floor. Designed for year-round indoor-outdoor living, the backyard features a built-in fireplace and BBQ, creating the perfect setting for entertaining or relaxing under the stars. Follow the stairs to the top of the property where you'll enjoy sweeping views. A truly unique outdoor space with endless possibilities. Additional highlights include solar, a Tesla charging outlet, extensive garage storage with both a two-car and separate one-car garage, offering incredible flexibility for vehicles, a home gym, workshop, or a space to play or hobby space. Located in the highly desirable San Elijo Hills community, residents enjoy top-rated schools, miles of scenic hiking trails, beautiful parks, playgrounds, and the vibrant Town Center with its popular shops, restaurants, and community events. This is an exceptional opportunity to own one of the neighborhood's most private and thoughtfully updated homes in a truly premier location.

Mortgage Calculator

Est. Monthly Payment

$9,600

Principal & Interest$7,702
Property Tax$1,396
Insurance$407
HOA$95
%($279,200)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Double Peak · grades K-8 · San Marcos Unified

  • Middle

    Double Peak · grades K-8 · San Marcos Unified

  • High

    Mission Hills High · grades 9-12 · San Marcos Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

13C
Est. Monthly Rent
$5,573

10 leases of 3–5 bed houses within 1 mi · $5,407–$6,313

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$4,027
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,472

What would make this work?

$6,472/mo short at 20% down; 88% down or +$8,405/mo rent closes it.

Break-even price

61% under asking

$549,103
Break-even rent

$8,405/mo above the estimate

$13,978/mo
Cashflow at 35% down
−$5,028/mo
Down payment to break even

$1,228,479 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,702
Cap Rate
1.30%
Cash-on-Cash
-27.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.58

NOI (Annual)
$18,102
Price-to-Rent

Lower = better for investors

20.9

* Modelled at 20% down, 7.36% 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−$6,472/mo