204 Woodland Parkway #220
Atop 10%San Marcos, CA 92069Neighborhood: Richland
Pass at asking: -$1,956/mo full cashflow at 20% down, 7.49% rate.
Works at $226,433 (53% under asking), or at 79% down.
Rent $2,837/mo from 11 leases of 2-bed condos & townhomes within 2 mi ($2,830–$2,940).
Beds
2
Baths
2
Sqft
940
Year Built
1990
Days on Market
101
Property Type
Condo
HOA/mo
$438
MLS ID
NDP2607025
This property is in San Marcos (92069). View neighborhood stats →
About This Property
VA approved. Don't miss this opportunity to own a beautifully maintained 2-bedroom, 2-bath condominium in one of San Marcos' most convenient locations. This inviting home features an open-concept layout with a spacious living room, dining area, and abundant natural light throughout. Updated kitchen & baths! The kitchen offers new cabinets, counter tops, ample cabinet space, and newer appliances. Baths features updated flooring, fixtures & more. The primary suite provides a private bath and generous closet space. A second bedroom and full bath make this home ideal for guests, roommates, or a home office. Step outside to your private patio/balcony and enjoy the peaceful surroundings. Enjoy two (2) assigned parking spots. Residents have access to community amenities including EV Charging stations, a sparkling pool, spa, and lush greenbelts. Located just minutes from shopping, dining, schools, parks, and major commuter routes, this home offers the perfect combination of comfort and convenience. Open-concept layout with a spacious living room, dining area, and abundant natural light throughout. Whether you're searching for your first home, a low-maintenance lifestyle, or an excellent investment property, this home checks all the boxes.
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Est. Monthly Payment
$3,740
Location
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Zoned Schools
Elementary
Knob Hill 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
$2,837
Comp Average
$2,867
425 Autumn Drive
2bd / 2ba · 1,114 sqft · Condo
$475K
Est. $3,006/mo
222 Woodland Parkway
2bd / 2ba · 908 sqft · Condo
$475K
Est. $2,799/mo
209 Woodland Parkway
2bd / 2ba · 908 sqft · Condo
$470K
Est. $2,795/mo
222 Woodland Parkway
2bd / 2ba · 908 sqft · Condo
$480K
Est. $2,798/mo
1022 Grape Street
2bd / 2ba · 972 sqft · Condo
$500K
Est. $2,937/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules
Investment Score
11 leases of 2-bed condos & townhomes within 2 mi · $2,830–$2,940
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,956/mo short at 20% down; 79% down or +$2,540/mo rent closes it.
- Break-even price
- $226,433
- Break-even rent
- $5,377/mo
- Cashflow at 35% down
- −$1,453/mo
- Down payment to break even
- 79%
- Rate to break even
- Not reachable
53% under asking
$2,540/mo above the estimate
$379,200 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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