222 Woodland Parkway #153
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222 Woodland Parkway #153

Atop 10%

San Marcos, CA 92069Neighborhood: Richland

$475,000

Pass at asking: -$1,895/mo full cashflow at 20% down, 7.36% rate.

Works at $227,195 (52% under asking), or at 78% down.

Rent $2,813/mo from 11 leases of 2-bed condos & townhomes within 2 mi ($2,781–$2,890).

Beds

2

Baths

2

Sqft

908

Year Built

1990

Days on Market

94

Property Type

Condo

HOA/mo

$430

MLS ID

SW26174993

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

About This Property

**LOCATION, LIFESTYLE & VALUE — THIS SAN MARCOS CONDO CHECKS ALL THE BOXES!**Welcome to **222 Woodland Pkwy**, where convenience, community amenities, and an unbeatable North County location come together. Set in the desirable **Mission Park community**, this inviting condo offers an incredible opportunity to own in the heart of San Marcos—just minutes from **Cal State San Marcos, Palomar College, shopping, dining, entertainment, parks, and more**.Step outside your front door and enjoy a lifestyle packed with amenities. Mission Park features **multiple swimming pools, a relaxing spa, tennis courts, fitness center, clubhouse, playground, and EV charging stations**. Start your morning at the gym, spend sunny afternoons poolside, or head out and enjoy everything San Marcos and North County have to offer.Need to commute? You’ll love the convenient access to **Highway 78 and the SPRINTER rail line**, putting neighboring North County communities, employment centers, shopping, and entertainment within easy reach.Whether you're a **first-time buyer, downsizing, looking for a convenient North County home base, or considering future rental potential**, this property offers the kind of location and flexibility that can be hard to find at this price point.**Why keep renting or waiting for the “right one” when an opportunity like this is already here? Come experience Mission Park for yourself and see why 222 Woodland Pkwy deserves to be at the top of your list. Schedule your showing and bring your offer!**

Mortgage Calculator

Est. Monthly Payment

$3,664

Principal & Interest$2,621
Property Tax$475
Insurance$139
HOA$430
%($95,000)
%
Loan Term

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.

Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules

Investment Score

54A
Est. Monthly Rent
$2,813

11 leases of 2-bed condos & townhomes within 2 mi · $2,781–$2,890

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$852
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,895

What would make this work?

$1,895/mo short at 20% down; 78% down or +$2,460/mo rent closes it.

Break-even price

52% under asking

$227,195
Break-even rent

$2,460/mo above the estimate

$5,273/mo
Cashflow at 35% down
−$1,403/mo
Down payment to break even

$370,500 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,621
Cap Rate
2.19%
Cash-on-Cash
-23.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$10,402
Price-to-Rent

Lower = better for investors

14.1

* Modelled at 20% down, 7.36% 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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ACashflow−$1,895/mo