2031 Marilyn Lane

2031 Marilyn Lane

Dbottom 20%

San Marcos, CA 92069

$1,590,000
NEW — 0d

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 →

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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.

Mortgage Calculator

Est. Monthly Payment

$10,887

Principal & Interest$8,833
Property Tax$1,590
Insurance$464
%($318,000)
%
Loan Term

Location

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Renovation math

Flagged Light Value-Add from the listing remarks — “tlc”.

Asking now
$1.59M

$685/sqft

Worth finished
$1.38M

$594/sqft × 2,320 sqft

Already above finished value
−$212,691

$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

$2.04/sqft × 2,320 sqft, median of 5 comps

Cashflow at that rent
−$8,562/mo

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.

Investment Score

1D
Est. Monthly Rent
$4,207

11 leases of 3-bed houses in 92069 · $4,246–$4,744

Blended 50/50 with the zip's market median ($4,058)

Monthly Cashflow

Rent − PITIA

-$6,680
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,973

What would make this work?

$8,973/mo short at 20% down; +$11,653/mo rent closes it.

Break-even price

73% under asking

$421,775
Break-even rent

$11,653/mo above the estimate

$15,860/mo
Cashflow at 35% down
−$7,317/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,833
Cap Rate
0.05%
Cash-on-Cash
-33.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.39

NOI (Annual)
$849
Price-to-Rent

Lower = better for investors

31.5

* 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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DCashflow−$8,973/mo