207 Sarina Lane
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207 Sarina Lane

Btop 30%

San Marcos, CA 92069Neighborhood: Richland

$584,900
STR: check · San Marcos: confirm the zone · TOT 10%

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!

Mortgage Calculator

Est. Monthly Payment

$4,355

Principal & Interest$3,249
Property Tax$585
Insurance$171
HOA$350
%($116,980)
%
Loan Term

Location

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Investment Score

40B
Est. Monthly Rent
$2,908

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)

Monthly Cashflow

Rent − PITIA

-$1,447
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,604

What would make this work?

$2,604/mo short at 20% down; 85% down or +$3,381/mo rent closes it.

Break-even price

58% under asking

$245,936
Break-even rent

$3,381/mo above the estimate

$6,289/mo
Cashflow at 35% down
−$1,994/mo
Down payment to break even

$497,165 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,249
Cap Rate
1.62%
Cash-on-Cash
-26.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.67

NOI (Annual)
$9,495
Price-to-Rent

Lower = better for investors

16.8

* 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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BCashflow−$2,604/mo