3224 Descanso Avenue

3224 Descanso Avenue

Btop 30%

San Marcos, CA 92078Neighborhood: Business/Industrial District

$830,000

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

Principal & Interest$4,611
Property Tax$830
Insurance$242
%($166,000)
%
Loan Term

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.

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

Investment Score

49B
Est. Monthly Rent
$4,415

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)

Monthly Cashflow

Rent − PITIA

-$1,268
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,975

What would make this work?

$2,975/mo short at 20% down; 72% down or +$3,864/mo rent closes it.

Break-even price

47% under asking

$442,639
Break-even rent

$3,864/mo above the estimate

$8,279/mo
Cashflow at 35% down
−$2,111/mo
Down payment to break even

$597,600 cash

72%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,611
Cap Rate
2.68%
Cash-on-Cash
-21.51%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$22,280
Price-to-Rent

Lower = better for investors

15.7

* 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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BCashflow−$2,975/mo