521 Shadow Hills Drive
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521 Shadow Hills Drive

Btop 30%

San Marcos, CA 92069Neighborhood: Richland

$759,999

Pass at asking: -$2,879/mo full cashflow at 20% down, 7.36% rate.

Works at $383,312 (50% under asking), or at 75% down.

Rent $3,928/mo from 15 leases of 3–5 bed houses within 2 mi ($3,508–$4,076).

Beds

4

Baths

2

Sqft

1,479

Year Built

1979

Days on Market

49

Property Type

Single Family

HOA/mo

$95

MLS ID

260023321SD

This property is in San Marcos (92069). View neighborhood stats →

Virtual Tour

About This Property

Lovely single-story home in the heart of San Marcos, ideally situated in the well-cared-for Woods neighborhood. Recent improvements add both comfort and value, including a brand-new HVAC system, a newer roof replaced in 2022, replacement windows and sliding doors, refreshed backyard landscaping, and owned solar. Offering four bedrooms and two full bathrooms, this inviting home combines comfortable everyday living with thoughtful updates, flexible spaces, and a convenient location close to many of the area’s everyday essentials. Enter to discover a welcoming living room highlighted by a large picture window that fills the space with natural light and a fireplace that creates a warm, comfortable focal point. A quaint front patio adds charm and provides a pleasant spot to enjoy a morning coffee or unwind at the end of the day. The dining area flows seamlessly into the kitchen, creating an easy, connected layout for both daily living and entertaining. The kitchen features crisp white cabinetry, stainless steel appliances, and counter seating illuminated by pendant lighting, offering a casual place for meals, conversation, or homework. A built-in media station in the dining and kitchen area adds valuable functionality for organizing schedules, working from home, or managing everyday tasks. Outside, the spacious and private backyard offers even more room to enjoy. With no rear neighbors and the property backing to the community park, the setting feels open and peaceful. A large patio creates plenty of space for outdoor dining and entertaining, while the generous grassy area provides room for play, pets, or simply relaxing outdoors. There is also ample space to personalize the yard with additional landscaping, garden beds, flowers, or other outdoor features. A two-car garage provides additional storage and everyday convenience. The Woods HOA offers a community park, biking and hiking trails, a playground, and a basketball court. The home is also just down the street from Woodland Park Middle School and Woodland Park & Pool, and close to grocery stores, Costco, coffee shops, restaurants, Highway 78, colleges, and much more. With its single-level layout, spacious backyard, inviting indoor-outdoor flow, and convenient San Marcos location, this home offers a comfortable setting with room to enjoy today and personalize for the future.

Mortgage Calculator

Est. Monthly Payment

$5,270

Principal & Interest$4,193
Property Tax$760
Insurance$222
HOA$95
%($152,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Knob Hill Elementary · grades K-5 · San Marcos Unified

  • Middle

    Woodland Park Middle · grades 6-8 · San Marcos Unified

  • High

    Mission Hills 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

46B
Est. Monthly Rent
$3,928

15 leases of 3–5 bed houses within 2 mi · $3,508–$4,076

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,342
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,879

What would make this work?

$2,879/mo short at 20% down; 75% down or +$3,739/mo rent closes it.

Break-even price

50% under asking

$383,312
Break-even rent

$3,739/mo above the estimate

$7,667/mo
Cashflow at 35% down
−$2,093/mo
Down payment to break even

$569,999 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,193
Cap Rate
2.39%
Cash-on-Cash
-22.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.75

NOI (Annual)
$18,128
Price-to-Rent

Lower = better for investors

16.1

* Modelled at 20% down, 7.36% 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−$2,879/mo