954 Iron Horse
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954 Iron Horse

D

San Marcos, CA 92078

$1,199,990
NEW — 0d

Soft Appraisal Value: $1,182,700 · 1.5% above estimate

Beds

4

Baths

3

Sqft

2,006

Year Built

1995

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260012354SD

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

About This Property

Welcome to this beautifully renovated, turn-key home in the highly sought-after Discovery Hills community of San Marcos! Located at 954 Iron Horse Drive, this 4-bedroom, 3-bath residence offers the ideal blend of comfort, functionality & lifestyle with one full bedroom & bath conveniently located on the main level. Step inside to discover a light-filled interior with recent updates throughout, creating a fresh, modern feel ready for immediate move-in. The spacious floor plan is perfect for both everyday living & entertaining. Enjoy one of the best locations in the area just a short walk to Discovery Lake & Lakeview Park. Spend your days exploring the scenic paved loop around the lake, ideal for walking, jogging, biking, or strolling with kids & pets. The park features a playground & splash pad, making it a favorite for all ages, while nearby dirt trails offer additional outdoor adventure. The city of San Marcos offers over 70 miles of trails making this a great place to call home if you love the outdoors. Situated in a neighborhood known for its strong schools & community feel, this home also benefits from NO HOA, providing added flexibility & value. This is North County living at its best. Modern, convenient, & connected to nature. Don’t miss this opportunity!

Mortgage Calculator

Est. Monthly Payment

$7,618

Principal & Interest$6,068
Property Tax$1,200
Insurance$350
%($239,998)
%

Location

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Investment Score

10D
Est. Monthly Rent
$4,593
Monthly Cashflow

Rent − PITIA

$-3,025
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,081

Mortgage (P+I)
$6,068
Cap Rate
0.99%
Cash-on-Cash
-25.41%
DSCR

Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$11,192

NOI (Annual)
$11,840
Price-to-Rent

Lower = better for investors

21.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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