1189 Springfield Rd
Ctop 80%San Marcos, CA 92078
Pass at asking: -$4,057/mo full cashflow at 20% down, 7.49% rate.
Works at $324,000 (62% under asking), or at 89% down.
Rent $3,769/mo from 9 leases of 3-bed condos & townhomes within 1 mi ($3,466–$3,821).
Beds
3
Baths
3
Sqft
1,410
Year Built
2002
Days on Market
—
Property Type
Townhouse
HOA/mo
$403
MLS ID
NDP2609957
This property is in San Marcos (92078). View neighborhood stats →
About This Property
Welcome to Springfield, the desirable gated townhouse community in beautiful San Elijo Hills! This inviting 3-bedroom, 2.5-bath home blends comfort, warmth, and functionality with an open-concept layout that feels more like a single-family home. Warm tones and a Tuscan-inspired color palette create a welcoming atmosphere, complemented by plantation shutters, granite countertops throughout, and a kitchen featuring stainless steel appliances and a gas range. The kitchen and bathrooms have been tastefully upgraded, and recently replaced carpet adds a fresh touch. Tile flooring graces the main level, while hardwood floors enhance the upstairs bedrooms. The spacious primary suite offers a walk-in closet and an updated ensuite bathroom with a walk-in shower. Two additional bedrooms share an upgraded bathroom, and a convenient downstairs half bath is perfect for guests. Enjoy a beautifully landscaped private patio featuring avocado and lime trees, ideal for outdoor dining, entertaining, or relaxing. Additional highlights include two separate one-car garages, each with direct access into the home. Enjoy the community pool, seasonal HOA-sponsored events, and miles of scenic hiking and biking trails just steps from your front door. The middle school is within easy walking distance, and the San Elijo Hills Town Center offers convenient access to shopping, dining, and coffee shops. With nearby parks, highly regarded local schools, easy commuter access, and a short drive to North County beaches, this home offers an appealing blend of upgrades, outdoor enjoyment, and the sought-after San Elijo Hills lifestyle!
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Est. Monthly Payment
$6,251
Location
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Comparable Properties
5 comps foundThis Property
$3,769
Comp Average
$3,720
977 Pearleaf Ct
3bd / 2ba · 1,342 sqft · Townhouse
$699K
Est. $3,450/mo
2484 Longstaff Court
3bd / 3ba · 1,458 sqft · Townhouse
$760K
Est. $3,799/mo
2099 Silverado St
3bd / 2ba · 1,570 sqft · Townhouse
$799K
Est. $4,045/mo
1159 Elfin Forest
2bd / 2.5ba · 1,480 sqft · Townhouse
$750K
Est. $3,467/mo
188 Watt Road
3bd / 3.5ba · 1,504 sqft · Townhouse
$797K
Est. $3,841/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3-bed condos & townhomes within 1 mi · $3,466–$3,821
Blended 50/50 with the zip's market median ($3,981)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,057/mo short at 20% down; 89% down or +$5,269/mo rent closes it.
- Break-even price
- $324,000
- Break-even rent
- $9,038/mo
- Cashflow at 35% down
- −$3,167/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$5,269/mo above the estimate
$756,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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