218 Falcon Pl
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218 Falcon Pl

C

San Marcos, CA 92069

$1,398,000

Soft Appraisal Value: $1,387,100 · 0.8% above estimate

Beds

5

Baths

3

Sqft

3,105

Year Built

2002

Days on Market

50

Property Type

Single Family

HOA/mo

$135

MLS ID

260012433SD

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

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About This Property

Stunning San Marcos dream home with tropical resort-style backyard with saltwater pool, spa, fireplace, fire pit, turf lawn, & outdoor kitchen! Beautifully maintained by the current owners, picture-perfect curb appeal sets the tone for this 5 bedroom, 3 full bath property with the primary suite on the main level plus a upstairs loft. Paid solar plus a ground-level living space with its own separate entrance, full bath, kitchenette, and laundry area adds to the functionality & flexibility of this generous home in one of San Diego's best neighborhoods! The light-filled living room showcases soaring cathedral ceilings, expansive windows overlooking the backyard oasis, & a custom fireplace mantle that anchors the space beautifully. The kitchen is designed to impress with an enormous L-shaped center island, quartzite countertops, abundant cabinetry with pull-outs, a walk-in pantry, a butler’s pantry, & seamless flow into the main living spaces. Live the luxury lifestyle with a main-floor primary suite with an ensuite spa-like bath with marble countertops, a soaking pedestal tub, a separate walk-in shower, & an oversized walk-in closet. Also on the main level is the attached, separate living area, which is a conversion of an existing bedroom & full bath into its own dedicated guest or living space with kitchenette & private side entrance & laundry area. Upstairs, a generous loft & built-in desk area provide added flexibility for homework or a second office space, while all secondary bedrooms include walk-in closets with built-in organizers. Designed for both entertaining & everyday enjoyment, the outdoor space features a stunning beach-entry Pebble Tec saltwater pool with a slide, waterfalls, spill-over spa, built-in fire pit, outdoor fireplace, & multiple palapa-covered gathering areas, including a full outdoor kitchen with BBQ, sink, & bar seating. With paid solar & Pentair smart controls for the pool, spa, lighting, and water features, comfort & convenience are built right in. Additional highlights for this home include plantation shutters, an indoor laundry room with utility sink & storage, a large driveway, a two-car garage, & an inviting front courtyard. This is North County living at its best with a prime location close to literally everything and very low fees!!

Mortgage Calculator

Est. Monthly Payment

$9,010

Principal & Interest$7,069
Property Tax$1,398
Insurance$408
HOA$135
%($279,600)
%

Location

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Investment Score

19D
Est. Monthly Rent
$6,586
Monthly Cashflow

Rent − PITIA

$-2,424
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,104

Mortgage (P+I)
$7,069
Cap Rate
1.69%
Cash-on-Cash
-21.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$13,214

NOI (Annual)
$23,583
Price-to-Rent

Lower = better for investors

17.7

* 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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