244 Pico Ave 14

244 Pico Ave 14

B

San Marcos, CA 92069

$642,500
NEW — 1d

Beds

2

Baths

3

Sqft

1,163

Year Built

2026

Days on Market

1

Property Type

Townhouse

HOA/mo

$350

MLS ID

260017581SD

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

About This Property

Major builder incentives available, including a 4.5% rate buy down and additional limited-time savings, make this the perfect opportunity to own a brand-new home at Pico Place Homes. This boutique community of just 16 modern townhomes offers one of the best values in San Marcos, with completed homes ready for quick move-in. Designed for today's lifestyle, these stylish 2-bedroom, 2.5-bath residences feature open-concept living spaces with soaring 9-foot ceilings, designer quartz countertops, luxury vinyl plank flooring, and contemporary finishes throughout. Energy-efficient construction, included solar panels, and a comprehensive builder warranty provide exceptional value and peace of mind for years to come. Each home includes an attached 2-car garage and a spacious covered balcony, while community amenities such as a playground, BBQ area, and dog run create the perfect balance of comfort and convenience. Ideally situated just minutes from North City, California State University San Marcos, shopping, dining, and entertainment, Pico Place Homes delivers modern new construction without the high HOA fees or Mello-Roos found in many newer communities. With only a handful of homes remaining and strong buyer demand, this is one of your last opportunities to own in this intimate new-home community while taking advantage of outstanding builder incentives.

Mortgage Calculator

Est. Monthly Payment

$4,429

Principal & Interest$3,249
Property Tax$643
Insurance$187
HOA$350
%($128,500)
%

Investment Score

36C
Est. Monthly Rent
$3,032
Monthly Cashflow

Rent − PITIA

$-1,396
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,629

Mortgage (P+I)
$3,249
Cap Rate
1.16%
Cash-on-Cash
-24.55%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$6,446

NOI (Annual)
$7,437
Price-to-Rent

Lower = better for investors

17.7

* 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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