983 Wild Iris Court
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983 Wild Iris Court

D

San Marcos, CA 92078

$1,995,000
NEW — 5d

Soft Appraisal Value: $1,935,700 · 3.1% above estimate

Beds

5

Baths

4.5

Sqft

3,713

Year Built

2007

Days on Market

5

Property Type

Single Family

HOA/mo

$93

MLS ID

260012421SD

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

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About This Property

San Elijo Hills! Perched on a quiet cul-de-sac with no homes directly in front, this exceptional 5-bedroom, 5-bathroom residence captures breathtaking ocean views, unmatched privacy, and an incredibly functional floor plan. Surrounded by mature trees and with homes only on one side of the street, the property offers a rare sense of seclusion while still being close to everything North County has to offer. Inside, soaring VAULTED CEILINGS create a dramatic entrance in the formal living and dining spaces, while the expansive family room offers comfortable everyday living and entertaining. Rich hardwood flooring & LVP runs throughout the home adding warmth and sophistication. The oversized primary suite is a true retreat, featuring a massive private balcony with panoramic ocean views and stunning sunsets. Upstairs, an additional oversized bedroom offers the flexibility to function as a second primary suite, guest retreat, media room, or multigenerational living space. The highly desirable floor plan also includes a full bedroom and bathroom on the main level, ideal for guests, extended family, or a private office setup. Outside, the pool-sized backyard offers endless potential to create a resort-style outdoor oasis while still maintaining privacy on both sides. A unique bonus is the one-car garage adjacent to the bedroom downstairs, which presents the perfect opportunity for a gym, studio, or expansion of the adjacent bedroom for another master retreat. Incredible views, soaring ceilings, and one of the most private cul-de-sac locations! This home has endless possibilites

Mortgage Calculator

Est. Monthly Payment

$12,758

Principal & Interest$10,088
Property Tax$1,995
Insurance$582
HOA$93
%($399,000)
%

Location

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Investment Score

3D
Est. Monthly Rent
$6,258
Monthly Cashflow

Rent − PITIA

$-6,500
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,602

Mortgage (P+I)
$10,088
Cap Rate
0.29%
Cash-on-Cash
-28.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$18,728

NOI (Annual)
$5,834
Price-to-Rent

Lower = better for investors

26.6

* 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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