244 Pico Ave

244 Pico Ave

D

San Marcos, CA 92069

$684,900

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

60

Property Type

Townhouse

HOA/mo

$350

MLS ID

260002080SD

View on MLS

Description

A brand-new community that prioritizes your lifestyle without the heavy hit of high HOAs or Mello-Roos. Welcome to Pico Place Homes, a limited collection of 16 townhomes designed for the perfect blend of style and real-world affordability. These 2-bed, 2.5-bath residences offer bright, open-concept living with 9ft ceilings, designer quartz counters, and sleek LVP flooring. We’ve dialed in the efficiency with included solar panels, a fully energy efficient home, and a full builder warranty, so you can ditch the unexpected expenses. Plus, with a 2-car garage, covered patios that feel like an extended living space, a BBQ area, playground, and dog run, it’s got everything you actually need! Whether you’re strolling to the newest spots in North City or hitting the campus at CSUSM, everything is right at your doorstep. From the oversized covered balconies to the high-end finishes, Pico Place proves you don’t have to sacrifice location or vibe to find a home that makes sense.

Mortgage Calculator

Est. Monthly Payment

$4,698

Principal & Interest$3,463
Property Tax$685
Insurance$200
HOA$350
%($136,980)
%

Investment Score

3D
Est. Monthly Rent
$3,164
Monthly Cashflow

Rent − PITI − HOA

$-1,534
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,833

Mortgage (P+I)
$3,463
Cap Rate
1.10%
Cash-on-Cash
-24.81%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$6,843

NOI (Annual)
$7,568
Price-to-Rent

Lower = better for investors

18.0

* 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.

Get Expert AnalysisOpen Full Calculator