189 Mission Villas
Ctop 80%San Marcos, CA 92069Neighborhood: Richland
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!
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Est. Monthly Payment
$4,743
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.
Comparable Properties
5 comps foundThis Property
$2,960
Comp Average
$3,202
404 Zoey Ln
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $3,922/mo
425 Autumn Drive
2bd / 2ba · 1,114 sqft · Condo
$475K
Est. $3,000/mo
219 Mission Villas Rd
2bd / 2.5ba · 1,105 sqft · Townhouse
$625K
Est. $3,223/mo
203 Sarina Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $2,933/mo
205 Sarina Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $2,933/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,001/mo short at 20% down; 88% down or +$3,897/mo rent closes it.
- Break-even price
- $252,253
- Break-even rent
- $6,857/mo
- Cashflow at 35% down
- −$2,334/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$3,897/mo above the estimate
$567,600 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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