189 Mission Villas
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189 Mission Villas

Ctop 80%

San Marcos, CA 92069Neighborhood: Richland

$645,000
STR: check · San Marcos: confirm the zone · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$3,001/mo full cashflow at 20% down, 7.36% rate.

Works at $252,253 (61% under asking), or at 88% down.

Rent $2,960/mo from 12 leases of 1–3 bed condos & townhomes within 1 mi ($3,059–$3,302).

Beds

2

Baths

2.5

Sqft

1,105

Year Built

2023

Days on Market

45

Property Type

Condo

HOA/mo

$351

MLS ID

SW26208199

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

About This Property

Welcome to this beautifully maintained home, ideally situated within a beautifully landscaped and highly desirable community known for its attractive surroundings. This 2 bedroom/3 bath home is conveniently located near shopping, dining, and everyday amenities, with shopping just a short walk away. Light and bright throughout, this inviting home features an open and welcoming interior with upgraded laminate flooring beautifully placed throughout the main living areas and starirways, creating a seamless and modern look. The kitchen is thoughtfully updated with light, bright cabinetry, upgraded stainless steel appliances, and a beautifully maintained backsplash that adds a stylish finishing touch opening up to the main livign area. The bathrooms have also been enhanced with upgraded shower doors and framing, offering a clean and polished feel. This community offers convenient parking and a playground area, providing added comfort and enjoyment for residents. With its tasteful upgrades, abundant natural light, and well-maintained condition, this home offers the perfect combination of comfort, convenience, and modern style. Care and intention show throughout the entirely of this home. Enjoy the ease of being close to shopping and amenities while coming home to a warm and inviting space in a wonderful community. Do not miss out on your private showing!

Mortgage Calculator

Est. Monthly Payment

$4,743

Principal & Interest$3,559
Property Tax$645
Insurance$188
HOA$351
%($129,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Richland Elementary · grades K-5 · San Marcos Unified

  • Middle

    Woodland Park 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.

Investment Score

33C
Est. Monthly Rent
$2,960

12 leases of 1–3 bed condos & townhomes within 1 mi · $3,059–$3,302

Blended 50/50 with the zip's market median ($2,732)

Monthly Cashflow

Rent − PITIA

-$1,783
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,001

What would make this work?

$3,001/mo short at 20% down; 88% down or +$3,897/mo rent closes it.

Break-even price

61% under asking

$252,253
Break-even rent

$3,897/mo above the estimate

$6,857/mo
Cashflow at 35% down
−$2,334/mo
Down payment to break even

$567,600 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,559
Cap Rate
1.31%
Cash-on-Cash
-27.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$8,468
Price-to-Rent

Lower = better for investors

18.2

* Modelled at 20% down, 7.36% 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−$3,001/mo