779 Poppy Road

779 Poppy Road

Ctop 80%

San Marcos, CA 92078Neighborhood: Barham/Discovery

$999,000
NEW — 1d

Pass at asking: -$3,892/mo full cashflow at 20% down, 7.36% rate.

Works at $489,650 (51% under asking), or at 77% down.

Rent $4,860/mo from 9 leases of 4-bed houses within 2 mi ($4,564–$5,015).

Beds

4

Baths

3

Sqft

2,118

Year Built

1993

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027025SD

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

About This Property

Welcome to 779 Poppy Road, a charming 4-bedroom, 3-bath home nestled in a peaceful and desirable San Marcos neighborhood. Offering a versatile floor plan with plenty of room for family, guests, a home office, or additional living space, this home provides comfort and flexibility to fit a variety of lifestyles. Step outside to a private backyard featuring scenic views and a tranquil setting, perfect for morning coffee, relaxing evenings, or entertaining friends and family. Enjoy the best of San Marcos living with nearby Discovery Lake, beautiful parks, scenic hiking and walking trails, and an abundance of outdoor recreation just minutes away. Conveniently located near local schools, shopping, dining, and everyday essentials, this home offers a wonderful balance of neighborhood charm and accessibility. With its welcoming community atmosphere, natural surroundings, and convenient location, 779 Poppy Road presents a fantastic opportunity for its next owner to bring their own vision, add their personal touches, and truly make this home their own while enjoying all that the wonderful San Marcos community has to offer.

Mortgage Calculator

Est. Monthly Payment

$6,802

Principal & Interest$5,512
Property Tax$999
Insurance$291
%($199,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Discovery Elementary · grades K-5 · San Marcos Unified

  • Middle

    San Elijo 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

34C
Est. Monthly Rent
$4,860

9 leases of 4-bed houses within 2 mi · $4,564–$5,015

Blended 50/50 with the zip's market median ($5,014)

Monthly Cashflow

Rent − PITIA

-$1,942
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,892

What would make this work?

$3,892/mo short at 20% down; 77% down or +$5,055/mo rent closes it.

Break-even price

51% under asking

$489,650
Break-even rent

$5,055/mo above the estimate

$9,915/mo
Cashflow at 35% down
−$2,859/mo
Down payment to break even

$769,230 cash

77%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,512
Cap Rate
2.24%
Cash-on-Cash
-23.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.71

NOI (Annual)
$22,352
Price-to-Rent

Lower = better for investors

17.1

* 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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CCashflow−$3,892/mo