
971 Borden Road #118
Atop 10%San Marcos, CA 92069Neighborhood: Richland
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 →
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
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
5 comps foundThis Property
$3,015
Comp Average
$2,850

155 Las Flores Drive
3bd / 2ba · 1,512 sqft · Mfd/Mobile Home
$350K
Est. $3,015/mo
155 Las Flores
3bd / 2ba · 1,344 sqft · Mfd/Mobile Home
$365K
Est. $3,015/mo
155 Las Flores Dr
3bd / 2ba · 1,540 sqft · Mfd/Mobile Home
$450K
Est. $3,015/mo

909 Richland Road
3bd / 2ba · 1,344 sqft · Manufactured
$423K
Est. $3,015/mo
1401 El Norte Pkwy
2bd / 2ba · 1,333 sqft · Manufactured
$529K
Est. $2,191/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules
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?
$590/mo short at 20% down; 43% down or +$766/mo rent closes it.
- Break-even price
- $302,291
- Break-even rent
- $3,781/mo
- Cashflow at 35% down
- −$195/mo
- Down payment to break even
- 43%
- Rate to break even
- 4.39%
20% under asking
$766/mo above the estimate
$162,970 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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