2031 Marilyn Lane
Dbottom 20%San Marcos, CA 92069
Pass at asking: -$8,973/mo full cashflow at 20% down, 7.43% rate.
Works at $421,775 (73% under asking); even all cash loses money at asking.
Rent $4,207/mo from 11 leases of 3-bed houses in 92069 ($4,246–$4,744).
Beds
3
Baths
2
Sqft
2,320
Year Built
1987
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2610115
This property is in San Marcos (92069). View neighborhood stats →
About This Property
Discover the beauty of country living in this exceptional custom single-level estate, privately situated on nearly five acres in the desirable San Marcos countryside. Offering breathtaking panoramic views, remarkable privacy, and an abundance of space, this unique property combines the tranquility of rural living with the convenience of a centrally located San Marcos address. Designed for comfortable living and effortless entertaining, the residence features an expansive open floor plan highlighted by an exceptionally spacious living and dining room combination. The generously sized open kitchen provides an inviting gathering space, while a separate laundry room offers additional pantry storage and everyday convenience. Beautiful, high-end wood flooring flows throughout the home, adding warmth, elegance, and timeless appeal. The spacious primary bathroom features a beautifully appointed walk-in shower, creating a relaxing retreat. **An exceptional opportunity awaits the discerning buyer to add their personal touch.** With some light TLC and the opportunity to update the kitchen and bathrooms to reflect individual tastes and lifestyle preferences, this estate offers tremendous potential to create a truly personalized country retreat. An attached three-car garage and abundant additional parking provide plenty of room for vehicles, recreational equipment, and guests. What truly distinguishes this remarkable property is its extraordinary acreage, featuring **hundreds of mature Queen and Sago palms**, all included in the sale. The established palm collection creates a distinctive landscape and offers a unique opportunity for those who appreciate expansive grounds and natural beauty. Additional highlights include a productive private well and solar, adding valuable features to this exceptional country estate. **Privacy, panoramic views, beautiful mature palms, and nearly five acres of possibilities—all in a convenient San Marcos location.** Experience the serenity, space, and beauty of country living at its finest, with the opportunity to make this exceptional estate uniquely your own.
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Est. Monthly Payment
$10,887
Location
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Renovation math
Flagged Light Value-Add from the listing remarks — “tlc”.
- Asking now
- $1.59M
- Worth finished
- $1.38M
- Already above finished value
- −$212,691
$685/sqft
$594/sqft × 2,320 sqft
$92/sqft over
Comparable finished homes nearby suggest this is worth about $1.38M — below the asking price. A renovation here has to be funded out of the purchase, not the spread.
Rent once renovated
- Rent at par
- $4,741/mo
- Cashflow at that rent
- −$8,562/mo
$2.04/sqft × 2,320 sqft, median of 5 comps
cap rate 0.38%, DSCR 0.44
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$4,207
Comp Average
$4,916
893 Via La Venta
3bd / 3.5ba · 2,479 sqft · Single Family
$1.04M
Est. $4,609/mo
775 Old Oak Ridge
3bd / 2ba · 2,503 sqft · Single Family
$1.42M
Est. $4,840/mo
909 Woodhaven Road
4bd / 2.5ba · 2,274 sqft · Single Family
$1.38M
Est. $4,874/mo
893 Woodhaven Rd.
4bd / 2.5ba · 2,274 sqft · Single Family
$1.35M
Est. $4,837/mo
1200 Mulberry
3bd / 3ba · 2,652 sqft · Single Family
$1.65M
Est. $5,419/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
11 leases of 3-bed houses in 92069 · $4,246–$4,744
Blended 50/50 with the zip's market median ($4,058)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,973/mo short at 20% down; +$11,653/mo rent closes it.
- Break-even price
- $421,775
- Break-even rent
- $15,860/mo
- Cashflow at 35% down
- −$7,317/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
73% under asking
$11,653/mo above the estimate
Negative even all-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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