1947 Edwin
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1947 Edwin

D

San Marcos, CA 92069

$945,000
NEW — 0d

Beds

3

Baths

2

Sqft

1,217

Year Built

1967

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260010506SD

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

About This Property

A rare opportunity to live in your investment while building long-term value. This charming single-family home sits on nearly ½ acre of flat, usable land across two legal lots—a rare configuration that offers flexibility for future expansion, additional structures, or long-term holding value. Located in the rural Buena Creek area of San Marcos, the property is surrounded by large estates and family farms, creating a setting that is both tranquil and full of life. See more below The garage has been converted into additional living space, and the home offers more square footage than reflected in tax records (permits unknown). The property is fenced, featuring wrought-iron entry gates and a Spanish-style stucco privacy wall along the front portion of the lot. While the home is not upgraded, it is move-in ready, giving buyers the freedom to personalize over time while enjoying the benefits of a large, versatile property in a highly desirable rural enclave. The garage conversion and additional living area contribute approximately 400–450 sq. ft. of extra space. Permits are unknown.

Mortgage Calculator

Est. Monthly Payment

$5,999

Principal & Interest$4,778
Property Tax$945
Insurance$276
%($189,000)
%

Location

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Investment Score

26D
Est. Monthly Rent
$3,930
Monthly Cashflow

Rent − PITIA

$-2,069
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,761

Mortgage (P+I)
$4,778
Cap Rate
1.29%
Cash-on-Cash
-23.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$8,814

NOI (Annual)
$12,211
Price-to-Rent

Lower = better for investors

20.0

* 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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