1537 Palomarcos
Btop 30%San Marcos, CA 92069Neighborhood: College Area
Pass at asking: -$3,295/mo full cashflow at 20% down, 7.43% rate.
Works at $369,927 (54% under asking), or at 80% down.
Rent $3,690/mo from 11 leases of 3-bed houses within 2 mi ($3,185–$3,744).
Beds
3
Baths
2
Sqft
1,286
Year Built
1961
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026448SD
This property is in San Marcos (92069). View neighborhood stats →
About This Property
A Single-Story San Marcos Opportunity, move in ready! Ask us about how to buy it with a reduced interest rate! Welcome to this beautifully updated single-story home in a desirable San Marcos neighborhood! Featuring an open-concept floor plan, this home offers comfortable living with thoughtful interior upgrades throughout. Enjoy new flooring, fresh interior and exterior paint, recessed lighting, updated fixtures and doors, and a remodeled kitchen complete with granite countertops, updated cabinetry, a center island, and new appliances. Both bathrooms have also been tastefully upgraded with designer cabinetry and stylish tile finishes. Situated on a generously sized lot, the property offers exciting possibilities to create your ideal outdoor retreat, add a pool, or explore the potential for an ADU (buyer to verify). Conveniently located near schools, shopping, restaurants, and freeway access, this home combines everyday convenience with the flexibility to make it your own. Don't miss the opportunity to own a thoughtfully updated home with room to grow in San Marcos!
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Est. Monthly Payment
$5,471
Location
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Zoned Schools
Elementary
Paloma Elementary · grades K-5 · San Marcos Unified
Middle
San Marcos Middle · grades 6-8 · 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.
Comparable Properties
5 comps foundThis Property
$3,690
Comp Average
$3,786
587 Augusta Dr.
4bd / 2ba · 1,315 sqft · Single Family
$800K
Est. $4,259/mo
320 Rolling Hills
3bd / 2ba · 1,376 sqft · Single Family
$700K
Est. $3,820/mo
1788 Lindsley Park Drive
3bd / 2ba · 1,080 sqft · Single Family
$750K
Est. $3,687/mo
1674 Palomar Drive
3bd / 2ba · 1,366 sqft · Single Family
$810K
Est. $3,677/mo
1649 Palomar Drive
3bd / 2ba · 1,257 sqft · Single Family
$834K
Est. $3,485/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
11 leases of 3-bed houses within 2 mi · $3,185–$3,744
Blended 50/50 with the zip's market median ($4,032)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,295/mo short at 20% down; 80% down or +$4,280/mo rent closes it.
- Break-even price
- $369,927
- Break-even rent
- $7,970/mo
- Cashflow at 35% down
- −$2,463/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$4,280/mo above the estimate
$639,200 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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