971 Borden Road
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971 Borden Road #32

A

San Marcos, CA 92069

$304,000
NEW — 1d

Beds

3

Baths

2

Sqft

1,356

Year Built

1976

Days on Market

1

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2606198

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

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About This Property

Welcome home to this spacious 3-bedroom, 2-bath home tucked away on a cul-de-sac in a desirable all-age community. This home remains registered with HCD, meaning no property taxes. Recent major improvements include a new furnace and water heater (2026), roof resealed (2026), updated dual-pane windows, newer flooring, and updated bathrooms with new toilets. The primary suite features double sinks for added convenience.  The remodeled island kitchen offers abundant workspace, a walk-in pantry, and a newer refrigerator and dishwasher (both replaced within the last year). The washer and dryer are negotiable.  The inviting living room showcases attractive beamed ceilings, while a separate family room with a skylight creates the perfect space for a home office, reading nook, or additional living area. The enclosed porch has been converted into a third bedroom complete with a closet and heat, providing flexible living space. Numerous additional closets throughout the home offer exceptional storage.  Step outside to enjoy the private covered porch, recently water-sealed, overlooking the fenced yard—ideal for pets, children, or outdoor entertaining.  This move-in-ready home combines thoughtful updates, flexible living spaces, and an excellent location within the community.  Rancho San Marcos Park offers excellent amenities including a clubhouse, pool, spa, and ample guest parking. Ideally located across from the recently renovated Richland Elementary, this home is within the San Marcos School District and walking distance to the newly remodeled Richland Elementary School. Space rent is $1,067.98 per month + utilities.

Mortgage Calculator

Est. Monthly Payment

$1,930

Principal & Interest$1,537
Property Tax$304
Insurance$89
%($60,800)
%

Location

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Investment Score

80A
Est. Monthly Rent
$1,976
Monthly Cashflow

Rent − PITIA

+$46
Full Cashflow

Incl. vacancy, PM, maint, capex

$-662

Mortgage (P+I)
$1,537
Cap Rate
3.45%
Cash-on-Cash
-13.07%
DSCR

Need ≥ 1.25 for DSCR loan

1.02
Break-even Rent
$2,836

NOI (Annual)
$10,502
Price-to-Rent

Lower = better for investors

12.8

* 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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