3350 Descanso Ave.
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3350 Descanso Ave.

Dbottom 20%

San Marcos, CA 92078Neighborhood: Business/Industrial District

$1,800,000

Pass at asking: -$10,513/mo full cashflow at 20% down, 7.49% rate.

Works at $437,112 (76% under asking); even all cash loses money at asking.

Rent $4,378/mo from 14 leases of 3–5 bed houses within 2 mi ($3,994–$4,405).

Beds

4

Baths

3

Sqft

2,023

Year Built

1974

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023006SD

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

Virtual Tour

About This Property

Your Oasis awaits! This charming 3 bedroom, 2 bath house with a 2-car garage/shop gives you approximately 1,511 sq. ft. of living space to call home. Sitting on just over half of an acre, this home comes complete with an amazing Casita. The Casita (ADU) is equally amazing and completely ready for your family members or income producing opportunity, boasting 512 sq. ft., 1 bedroom and 1 full bath with an amazing kitchen. Both of these beautifully kept homes are move-in ready. Most of the big-ticket items are already done! To name a few, there is an updated HVAC, newer windows and they have been fully remodeled. And if you’re not enjoying time indoors, the huge yard is simply waiting for you. There is a half an acre, fully fenced property, with an electric security gate. Here you are free to let your children run and play, while you lounge by the fire pit or exercise your green thumb in the small but established fruit tree orchard. If you’re an animal lover there is also a chicken hotel, just waiting for new residents and there is plenty of room to bring in a horse or two. This is the perfect house whether you’re into just watching your chickens mill about, walking your horses or enjoying the simple sounds of children playing. We invite you to lounge about in the private backyard, because this is the one.

Mortgage Calculator

Est. Monthly Payment

$12,384

Principal & Interest$10,059
Property Tax$1,800
Insurance$525
%($360,000)
%
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

0D
Est. Monthly Rent
$4,378

14 leases of 3–5 bed houses within 2 mi · $3,994–$4,405

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$8,006
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,513

What would make this work?

$10,513/mo short at 20% down; +$13,653/mo rent closes it.

Break-even price

76% under asking

$437,112
Break-even rent

$13,653/mo above the estimate

$18,031/mo
Cashflow at 35% down
−$8,627/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$10,059
Cap Rate
-0.16%
Cash-on-Cash
-35.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.35

NOI (Annual)
-$2,820
Price-to-Rent

Lower = better for investors

34.3

* Modelled at 20% down, 7.49% 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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DCashflow−$10,513/mo