955 Wild Iris Court
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955 Wild Iris Court

Ctop 80%

San Marcos, CA 92078Neighborhood: Questhaven/La Costa Meadows

$1,697,500

Pass at asking: -$7,837/mo full cashflow at 20% down, 7.43% rate.

Works at $677,107 (60% under asking), or at 87% down.

Rent $6,874/mo from 9 leases of 4–6 bed houses within 1 mi ($6,234–$6,742).

Beds

5

Baths

4.5

Sqft

3,717

Year Built

2007

Days on Market

45

Property Type

Single Family

HOA/mo

$93

MLS ID

NDP2608830

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

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About This Property

Ideally positioned on a flat cul-de-sac with no homes across the street, this distinctive Tuscan-style home enjoys sweeping views, including ocean views, and an exceptionally versatile floor plan. With 5 bedrooms, a first-floor ensuite, expansive primary suite, and one-of-a-kind loft/library, the home offers a combination of thoughtful spaces, architectural character, and an enviable San Elijo Hills setting. The highly regarded schools, community parks, shops, and amenities are all just minutes away. The first-floor ensuite bedroom provides tremendous flexibility for in-laws, parents, guests, or a college-age child. Upstairs, the expansive primary suite features a generous sitting area and private balcony with ocean views. The oversized walk-in closet offers custom built-in storage and direct access to the beautifully updated bath, featuring elegant light-toned tile flooring and a gorgeous freestanding pedestal tub. Two additional upstairs bedrooms share a convenient Jack-and-Jill bathroom, while the fourth upstairs bedroom has its own full bath. A truly distinctive feature of the home is the loft/library, where floor-to-ceiling custom bookshelves, a rolling ladder, and mezzanine overlook create a unique and inviting space. The chef’s kitchen takes advantage of the views and opens naturally to the main living areas, creating an easy connection between the kitchen, living, and entertaining spaces. The home also features an owned solar system installed by Baker Electric, two Tesla Powerwall batteries, a Tesla EV charger, and a whole-house fan for added comfort and energy efficiency. The spacious backyard is beautifully landscaped with multiple outdoor spaces, complemented by exterior pavers that enhance the home’s outdoor living areas. The entire exterior of the home has been repainted, adding to its refreshed appearance. Wonderful views, including ocean views from the property, further elevate the outdoor setting. Distinctive architecture, thoughtful spaces, and beautiful views come together throughout this special home, creating a setting with character at every turn.

Mortgage Calculator

Est. Monthly Payment

$11,716

Principal & Interest$9,430
Property Tax$1,698
Insurance$495
HOA$93
%($339,500)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Double Peak · grades K-8 · San Marcos Unified

  • Middle

    Double Peak · grades K-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

14C
Est. Monthly Rent
$6,874

9 leases of 4–6 bed houses within 1 mi · $6,234–$6,742

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$4,842
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,837

What would make this work?

$7,837/mo short at 20% down; 87% down or +$10,178/mo rent closes it.

Break-even price

60% under asking

$677,107
Break-even rent

$10,178/mo above the estimate

$17,052/mo
Cashflow at 35% down
−$6,069/mo
Down payment to break even

$1,476,825 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,430
Cap Rate
1.37%
Cash-on-Cash
-27.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.59

NOI (Annual)
$23,239
Price-to-Rent

Lower = better for investors

20.6

* 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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CCashflow−$7,837/mo