
909 Richland #111
Atop 10%San Marcos, CA 92069Neighborhood: Richland
Pass at asking: -$2,052/mo full cashflow at 20% down, 7.49% rate.
Works at $319,048 (45% under asking), or at 71% down.
Rent $3,692/mo: zip market median for this bed count.
Beds
4
Baths
3
Sqft
1,848
Year Built
1990
Days on Market
0
Property Type
Manufactured
HOA/mo
$382
MLS ID
SW26231777
This property is in San Marcos (92069). View neighborhood stats →
About This Property
Welcome to 909 Richland Rd #111 in the highly desirable 55+ Foothills of San Marcos, a LAND OWNED manufactured home community! Situated on a premium corner location with NO NEIGHBORS ON EITHER SIDE, this beautifully upgraded single story home offers approximately 1,848 sq ft with 3 bedrooms, a separate office or optional 4th bedroom, and 3 full bathrooms. The showstopper is the BRAND NEW CUSTOM KITCHEN, completed less than a year ago with over $50,000 invested in stunning upgrades! Featuring gorgeous blue gray lower cabinetry with black hardware, contrasting white upper cabinets, soft close doors and drawers, quartz countertops with a dramatic full height quartz extending to the ceiling, a pot filler, and a professional style COSMO chef's range. The kitchen opens to the dining room, creating a beautiful space for entertaining. The spacious floor plan features NEWER LVP flooring throughout the main living areas and primary bedroom, upgraded plush carpet in secondary bedrooms, and newer interior and exterior paint. All three bedrooms have convenient bathroom access, including a secondary mini primary suite with its own private bathroom and another bedroom with direct access to a bathroom that also opens to the hallway. The primary suite offers a spacious bathroom and generous closet, while the separate flex room with double doors is currently used as an office. Additional improvements include a NEWER HVAC SYSTEM completely replaced in February 2023 with an Ecobee smart thermostat, an oversized indoor laundry and utility room, and a good sized pantry. Outside, enjoy beautiful NEW landscaping with brick walkways surrounding the home, drip irrigation for plants and potted greenery, and a covered front porch with privacy screening. The exterior storage shed and refrigerator are included! This home also features a 433A PERMANENT FOUNDATION, adding another desirable feature to this land owned property. Foothills of San Marcos offers resort style amenities including a clubhouse, pool, spa, fitness center, tennis courts, billiards, shuffleboard, and community activities. A rare opportunity to own a beautifully upgraded home with an exceptional kitchen, spacious floor plan, and land ownership in one of San Marcos' established and desirable communities!
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Est. Monthly Payment
$4,407
Location
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Zoned Schools
Elementary
Richland 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.
Comparable Properties
4 comps foundThis Property
$3,692
Comp Average
$3,239

909 Richland Road
3bd / 2ba · 1,344 sqft · Manufactured
$423K
Est. $2,995/mo
1401 El Norte Parkway
3bd / 2ba · 1,521 sqft · Manufactured
$475K
Est. $2,995/mo
1401 El Norte Parkway
3bd / 2ba · 1,493 sqft · Manufactured
$489K
Est. $2,995/mo
509 Avenida Aguila
4bd / 3ba · 1,646 sqft · Single Family
$910K
Est. $3,969/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,052/mo short at 20% down; 71% down or +$2,665/mo rent closes it.
- Break-even price
- $319,048
- Break-even rent
- $6,357/mo
- Cashflow at 35% down
- −$1,439/mo
- Down payment to break even
- 71%
- Rate to break even
- Not reachable
45% under asking
$2,665/mo above the estimate
$415,349 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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