3535 Linda Vista Drive #167
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3535 Linda Vista Drive #167

Atop 10%

San Marcos, CA 92078Neighborhood: Business/Industrial District

$279,000
NEW — 0d

Pass at asking: -$107/mo full cashflow at 20% down, 7.43% rate.

Works at $265,012 (5% under asking), or at 26% down.

Rent $2,643/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,176

Year Built

1974

Days on Market

0

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2610137

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

Virtual Tour

About This Property

Enjoy affordable resort-style living in the desirable 55+ community of Rancho Vallecitos! This inviting home offers several valuable upgrades, including a remodeled Kitchen, updated plumbing, and brand-new vinyl windows installed in November 2026! Additional improvements include a furnace and A/C replaced approximately 3 years ago, along with an updated Primary Bathroom featuring a newer vanity, shower doors, and toilet. The Guest Bedroom offers a convenient walk-in closet, while the private front porch and low-maintenance yard provide inviting spaces to relax and enjoy the beautiful Southern California weather. With low monthly space rent of just $740 and no local property taxes due to the home’s continued HCD registration, this is an exceptional opportunity for affordable living! Please note that the new windows were installed AFTER the listing photos were taken and are not reflected in the current photography. Rancho Vallecitos is a sought-after 55+ rent-controlled community (second resident may be 45+) known for its beautifully maintained grounds, scenic surroundings, and vibrant social atmosphere. Residents enjoy an impressive array of resort-style amenities, including a clubhouse, swimming pool and spa, fitness center, library, billiards room, card and game rooms, craft room, putting green, dog park, and RV parking available for an additional fee. Pet-friendly policies allow one small dog under 20 lbs and one indoor cat, OR two indoor cats, with prior management approval. Enjoy the perfect combination of comfort, community, and affordability in one of San Marcos’ most desirable 55+ neighborhoods!

Mortgage Calculator

Est. Monthly Payment

$1,910

Principal & Interest$1,550
Property Tax$279
Insurance$81
%($55,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Mirada Academy · grades K-8 · San Marcos Unified

  • Middle

    La Mirada Academy · grades K-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

92A
Est. Monthly Rent
$2,643

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$733
Full Cashflow

Incl. vacancy, PM, maint, capex

-$107

What would make this work?

$107/mo short at 20% down; 26% down or +$139/mo rent closes it.

Break-even price

5% under asking

$265,012
Break-even rent

$139/mo above the estimate

$2,782/mo
Cashflow at 35% down
+$183/mo
Down payment to break even

$72,540 cash

26%
Rate to break even

at 20% down

6.72%

Mortgage (P+I)
$1,550
Cap Rate
6.77%
Cash-on-Cash
-2.31%
DSCR
1.38

NOI (Annual)
$18,897
Price-to-Rent

Lower = better for investors

8.8

* 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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ACashflow−$107/mo