
207 Sarina Lane
Btop 30%San Marcos, CA 92069Neighborhood: Richland
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$2,604/mo full cashflow at 20% down, 7.43% rate.
Works at $245,936 (58% under asking), or at 85% down.
Rent $2,908/mo from 8 leases of 1–3 bed condos & townhomes within 2 mi ($2,933–$3,197).
Beds
2
Baths
2.5
Sqft
1,163
Year Built
2026
Days on Market
45
Property Type
Townhouse
HOA/mo
$350
MLS ID
260023474SD
This property is in San Marcos (92069). View neighborhood stats →
About This Property
Welcome to one of the premier homes at Pico Place Homes—the best-priced new construction home in San Marcos, featuring amazing, limited-time builder incentives to help make your move even more affordable. Tucked within an intimate community of just 16 newly built residences, this exceptional quick move-in corner-unit townhome offers the perfect blend of privacy, natural light, and modern design. Inside, the thoughtfully designed 2-bedroom, 2.5-bath floor plan boasts soaring 9-foot ceilings, designer quartz countertops, luxury vinyl plank flooring, and extra windows that flood the open-concept living space with sunlight. Built with high efficiency and long-term peace of mind in mind, the home features solar panels, all-electric construction, and an included builder warranty. Complete with an attached two-car garage, a spacious covered balcony for seamless indoor-outdoor relaxation, and access to neighborhood amenities like a playground, BBQ area, and dog run, this property has it all. Perfectly located just minutes from CSUSM, shopping, dining, and everyday conveniences, Pico Place Homes offers an unbeatable combination of location, quality, and value. With construction complete and limited homes remaining, now is the ideal time to take advantage of these builder incentives before they are gone!
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Est. Monthly Payment
$4,355
Location
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Comparable Properties
5 comps foundThis Property
$2,908
Comp Average
$3,228
404 Zoey Ln
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $3,932/mo
203 Sarina Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $2,943/mo
205 Sarina Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $2,943/mo
402 Zoey Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $2,943/mo
1002 Lotus Drive
2bd / 2.5ba · 1,215 sqft · Townhouse
$669K
Est. $3,381/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed condos & townhomes within 2 mi · $2,933–$3,197
Blended 50/50 with the zip's market median ($2,669)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,604/mo short at 20% down; 85% down or +$3,381/mo rent closes it.
- Break-even price
- $245,936
- Break-even rent
- $6,289/mo
- Cashflow at 35% down
- −$1,994/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$3,381/mo above the estimate
$497,165 cash
Negative even at a 0% loan
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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