219 Mission Villas Rd
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219 Mission Villas Rd

Ctop 80%

San Marcos, CA 92069Neighborhood: Richland

$624,999
STR: check · San Marcos: confirm the zone · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$2,901/mo full cashflow at 20% down, 7.43% rate.

Works at $247,260 (60% under asking), or at 87% down.

Rent $2,922/mo from 12 leases of 1–3 bed condos & townhomes within 1 mi ($3,059–$3,302).

Beds

2

Baths

2.5

Sqft

1,105

Year Built

2022

Days on Market

97

Property Type

Townhouse

HOA/mo

$351

MLS ID

260018632SD

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

Virtual Tour

About This Property

Owned solar keeps electric under $30/month (per seller), and the garage is already wired for an EV charger. This 2022 KB Home townhome was upgraded well past builder standard by its original owner. Large-format porcelain tile runs through the entry, great room, kitchen and baths. The kitchen has quartz counters, a center island, upgraded cabinetry with dovetail soft-close drawers, and a full stainless appliance package. A slider opens to a private covered balcony. Upstairs are two bedrooms, each with its own bath, plus bedroom-level laundry. The primary suite adds an extended vanity, a clear glass shower and a walk-in closet. The smart-home package includes a dual-zone Wi-Fi thermostat, whole-home air purifier, smart water meter with automatic leak shutoff, and smart lighting throughout. The 2-car garage has an epoxy floor and keyless entry. You’re minutes from CSUSM, North City dining and shops, Kaiser San Marcos, the 78 and the Sprinter. It’s nearly new, the utility bills are low, and there’s nothing to fix & low HOA!

Mortgage Calculator

Est. Monthly Payment

$4,630

Principal & Interest$3,472
Property Tax$625
Insurance$182
HOA$351
%($125,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Richland 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.

Investment Score

35C
Est. Monthly Rent
$2,922

12 leases of 1–3 bed condos & townhomes within 1 mi · $3,059–$3,302

Blended 50/50 with the zip's market median ($2,656)

Monthly Cashflow

Rent − PITIA

-$1,708
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,901

What would make this work?

$2,901/mo short at 20% down; 87% down or +$3,768/mo rent closes it.

Break-even price

60% under asking

$247,260
Break-even rent

$3,768/mo above the estimate

$6,690/mo
Cashflow at 35% down
−$2,250/mo
Down payment to break even

$543,749 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,472
Cap Rate
1.38%
Cash-on-Cash
-27.85%
DSCR

Need ≥ 1.25 for DSCR loan

0.63

NOI (Annual)
$8,607
Price-to-Rent

Lower = better for investors

17.8

* 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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CCashflow−$2,901/mo