1271 Elfin Forest Road
Ctop 80%San Marcos, CA 92078Neighborhood: Questhaven/La Costa Meadows
Pass at asking: -$3,107/mo full cashflow at 20% down, 7.43% rate.
Works at $293,401 (58% under asking), or at 85% down.
Rent $3,431/mo from 13 leases of 1–3 bed condos & townhomes within 0.5 mi ($3,550–$3,781).
Beds
2
Baths
2.5
Sqft
1,480
Year Built
2004
Days on Market
0
Property Type
Townhouse
HOA/mo
$388
MLS ID
NDP2609799
This property is in San Marcos (92078). View neighborhood stats →
About This Property
Enjoy living in one of the most desirable locations in the heart of San Elijo Hills, just steps from Town Square, local restaurants, parks, and top rated schools. Stylishly updated, this Village Square townhome features new carpet, fresh interior paint, and new kitchen counters. The versatile floor plan offers an entry level bonus room ideal for a home office, gym, or flex space, along with direct access to the attached tandem 2 car garage. The main living level showcases an open concept layout with a dining area, balcony, and an updated kitchen that overlooks the living room. Upstairs, you'll find the primary suite and a secondary bedroom suite with its own bathroom, providing comfort and privacy. With low maintenance living and an unbeatable location at the heart of the community, this is an amazing opportunity to experience the San Elijo Hills lifestyle with everyday conveniences just outside your door!
Mortgage Calculator
Est. Monthly Payment
$5,167
Location
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Zoned Schools
Elementary
San Elijo Elementary · grades K-5 · San Marcos Unified
Middle
San Elijo Middle · grades 6-8 · San Marcos Unified
High
San Marcos 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.
Comparable Properties
5 comps foundThis Property
$3,431
Comp Average
$3,612
1151 Goddard
2bd / 2.5ba · 1,515 sqft · Townhouse
$699K
Est. $3,547/mo
2007 Silverado Street
2bd / 2ba · 1,570 sqft · Townhouse
$735K
Est. $3,836/mo
287 Trilogy Street
2bd / 2.5ba · 1,279 sqft · Townhouse
$729K
Est. $3,387/mo
2484 Longstaff Court
3bd / 3ba · 1,458 sqft · Townhouse
$760K
Est. $3,832/mo
1159 Elfin Forest
2bd / 2.5ba · 1,480 sqft · Townhouse
$750K
Est. $3,457/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules
Investment Score
13 leases of 1–3 bed condos & townhomes within 0.5 mi · $3,550–$3,781
Blended 50/50 with the zip's market median ($3,219)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,107/mo short at 20% down; 85% down or +$4,036/mo rent closes it.
- Break-even price
- $293,401
- Break-even rent
- $7,467/mo
- Cashflow at 35% down
- −$2,380/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$4,036/mo above the estimate
$593,300 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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