1320 Richland Rd
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1320 Richland Rd

C

San Marcos, CA 92069

$3,498,888
NEW — 2d

Beds

2

Baths

1

Sqft

1,350

Year Built

1936

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606184

This property is in San Marcos (92069). View neighborhood stats →

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About This Property

Come see the 20.2 acres of rolling hills and serene setting in prestigious San Marcos Farms! Seller is motivated to work with any interested in purchasing now. Property has a home/structure and some containers on site. Current San Marcos city zone is for one acre lots. Expired map needs updating and resubmittal to proceed. New sewer and wastewater treatment coming to the area. VID 1" water meter and electric meter at site. Value is in the land. San Marcos is known for excellent schools and parks. Named by Fortune Magazine as one of the best cities to raise a family and by another source one of America's Safest cities. Now is the time to invest in a legacy property.

Mortgage Calculator

Est. Monthly Payment

$22,212

Principal & Interest$17,692
Property Tax$3,499
Insurance$1,021
%($699,778)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,606
Monthly Cashflow

Rent − PITIA

$-18,606
Full Cashflow

Incl. vacancy, PM, maint, capex

$-22,351

Mortgage (P+I)
$17,692
Cap Rate
-1.60%
Cash-on-Cash
-38.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.16
Break-even Rent
$32,634

NOI (Annual)
$-55,908
Price-to-Rent

Lower = better for investors

80.9

* Defaults: 20% down, 6.5% rate, 30yr.

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

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