971 Borden Road #118
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971 Borden Road #118

Atop 10%

San Marcos, CA 92069Neighborhood: Richland

$379,000
NEW — 0d

Pass at asking: -$590/mo full cashflow at 20% down, 7.43% rate.

Works at $302,291 (20% under asking), or at 43% down.

Rent $3,015/mo: zip market median for this bed count.

Beds

3

Baths

2

Sqft

1,242

Year Built

2025

Days on Market

0

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2610170

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

Virtual Tour

About This Property

BRAND NEW 2025-built 3-bedroom, 2-bath home located in an ANY-AGE / family community! Tucked away at the end of a private driveway, this home offers a rare sense of privacy. The open-concept floor plan features 9-foot ceilings that create a bright, spacious feel throughout. The island kitchen is both stylish and functional with recessed lighting and stainless steel appliances. The primary suite includes a walk-in closet and a private ensuite bathroom with dual sinks. Additional highlights include new central A/C, ceiling fan, and a highly desirable side-by-side covered parking setup—no need to move one car to access the other. The yard is freshly landscaped and partially fenced, providing added privacy and outdoor enjoyment. Rancho San Marcos Park offers excellent amenities including a clubhouse, pool, spa, and ample guest parking. Ideally located across from Richland Elementary, this home is within the San Marcos School District and walking distance to the newly remodeled Richland Elementary School. Space rent is $1,500 per month + utilities. Note: Some photos representing this listing have been virtually staged.

Mortgage Calculator

Est. Monthly Payment

$2,595

Principal & Interest$2,106
Property Tax$379
Insurance$111
%($75,800)
%
Loan Term

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.

Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules

Investment Score

83A
Est. Monthly Rent
$3,015

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$419
Full Cashflow

Incl. vacancy, PM, maint, capex

-$590

What would make this work?

$590/mo short at 20% down; 43% down or +$766/mo rent closes it.

Break-even price

20% under asking

$302,291
Break-even rent

$766/mo above the estimate

$3,781/mo
Cashflow at 35% down
−$195/mo
Down payment to break even

$162,970 cash

43%
Rate to break even

at 20% down

4.39%

Mortgage (P+I)
$2,106
Cap Rate
5.28%
Cash-on-Cash
-9.34%
DSCR

Need ≥ 1.25 for DSCR loan

1.16

NOI (Annual)
$19,998
Price-to-Rent

Lower = better for investors

10.5

* 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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ACashflow−$590/mo