1189 Springfield Rd

1189 Springfield Rd

Ctop 80%

San Marcos, CA 92078

$850,000

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!

Mortgage Calculator

Est. Monthly Payment

$6,251

Principal & Interest$4,750
Property Tax$850
Insurance$248
HOA$403
%($170,000)
%
Loan Term

Location

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Investment Score

22C
Est. Monthly Rent
$3,769

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)

Monthly Cashflow

Rent − PITIA

-$2,482
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,057

What would make this work?

$4,057/mo short at 20% down; 89% down or +$5,269/mo rent closes it.

Break-even price

62% under asking

$324,000
Break-even rent

$5,269/mo above the estimate

$9,038/mo
Cashflow at 35% down
−$3,167/mo
Down payment to break even

$756,500 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,750
Cap Rate
1.24%
Cash-on-Cash
-28.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$10,575
Price-to-Rent

Lower = better for investors

18.8

* 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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CCashflow−$4,057/mo