235 Walnut Hills Dr
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235 Walnut Hills Dr

C

San Marcos, CA 92078

$1,649,000

Beds

3

Baths

3

Sqft

2,492

Year Built

1977

Days on Market

47

Property Type

Single Family

HOA/mo

N/A

MLS ID

260012724SD

This property is in San Marcos (92078). View neighborhood stats →

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About This Property

Beautifully remodeled and upgraded single-level home on a usable one-acre site offers a wealth of possibilities and options: add an ADU, a tennis/pickleball court and a pool, or enjoy the existing equestrian improvements for horses or other animals. Per the City of San Marcos, the property zoning permits splitting the lot and creating an entire second home site! The 3-bedroom plus office, 3-bath residence showcases stylish upgrades throughout, including a spacious primary suite, an elevated covered deck, a covered back patio and a gorgeous floor-to-ceiling stone fireplace that serves as the standout feature of the great room. Equestrian amenities include trailer or RV parking area, zoning for up to three horses, a large stall, crossties, hay storage, expansive pasture, and dedicated goat and chicken enclosure. Complete with solar, this charming property offers space, flexibility, and a lifestyle that embraces rural elements, everyday comfort and investment potential.

Mortgage Calculator

Est. Monthly Payment

$10,468

Principal & Interest$8,338
Property Tax$1,649
Insurance$481
%($329,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,295
Monthly Cashflow

Rent − PITIA

$-6,173
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,535

Mortgage (P+I)
$8,338
Cap Rate
-0.14%
Cash-on-Cash
-31.06%
DSCR

Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$15,380

NOI (Annual)
$-2,364
Price-to-Rent

Lower = better for investors

32.0

* 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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