
3224 Descanso Avenue
Btop 30%San Marcos, CA 92078Neighborhood: Business/Industrial District
Pass at asking: -$2,975/mo full cashflow at 20% down, 7.43% rate.
Works at $442,639 (47% under asking), or at 72% down.
Rent $4,415/mo from 15 leases of 2–4 bed houses within 2 mi ($4,300–$5,176).
Beds
3
Baths
3
Sqft
2,304
Year Built
1978
Days on Market
—
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026649SD
This property is in San Marcos (92078). View neighborhood stats →
About This Property
Country living meets city convenience - with a prestigious San Marcos address! Situated on over a half-acre of gently sloped, fenced land with an amazing variety of mature fruit and citrus trees. This spacious home (approximately 2,300 sq ft!) offers a great floor plan with 3 bedrooms and 2 full bathrooms, PLUS a massive bonus room complete with its own bathroom, wet bar, and private exterior entrance (with access from the kitchen area too) - making it perfect for a multi-generational living suite, or just an epic family game room. There is also a large combination inside laundry room and storage area. Bring your design ideas to life with this rare gem, which already boasts a unique church-style double-door entry, floor-to-ceiling fireplace, paid-off solar, dual-pane windows, and central A/C. The massive lot is a hobbyist's dream, featuring an oversized carport with possible RV side parking, an immense but dated concrete-floor workshop/detached garage, and multiple custom sheds around the property. R-1 Zoning. Acclaimed San Marcos Unified School District. Convenient to nearby Starbucks, local dining, shopping, groceries, and effortless freeway access.
Mortgage Calculator
Est. Monthly Payment
$5,683
Location
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Zoned Schools
Elementary
Joli Ann Leichtag Elementary · grades K-5 · San Marcos Unified
Middle
San Marcos Middle · grades 6-8 · San Marcos Unified
High
San Marcos 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
$4,415
Comp Average
$4,770
639 Starstone Drive
4bd / 3ba · 2,000 sqft · Single Family
$1.05M
Est. $4,520/mo
975 Rose Arbor Drive
3bd / 2.5ba · 2,319 sqft · Single Family
$1.13M
Est. $5,103/mo
368 Avenida La Cuesta
4bd / 3ba · 2,397 sqft · Single Family
$1.20M
Est. $4,858/mo
930 Rose Arbor Drive
3bd / 2.5ba · 2,319 sqft · Single Family
$1.15M
Est. $4,650/mo

1793 Old Glen Street
3bd / 2.5ba · 1,989 sqft · Single Family
$1.25M
Est. $4,719/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
15 leases of 2–4 bed houses within 2 mi · $4,300–$5,176
Blended 50/50 with the zip's market median ($4,319)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,975/mo short at 20% down; 72% down or +$3,864/mo rent closes it.
- Break-even price
- $442,639
- Break-even rent
- $8,279/mo
- Cashflow at 35% down
- −$2,111/mo
- Down payment to break even
- 72%
- Rate to break even
- Not reachable
47% under asking
$3,864/mo above the estimate
$597,600 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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