244 Pico Ave
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244 Pico Ave #13

B

San Marcos, CA 92069

$637,500
NEW — 3d

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

3

Property Type

Townhouse

HOA/mo

$350

MLS ID

260016755SD

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

About This Property

Don't miss your opportunity to own a brand new townhome at Pico Place Homes, one of the most affordable new construction communities in San Marcos. With quick move-in homes available and limited-time builder incentives, now is the perfect time to make homeownership a reality. Featuring just 16 thoughtfully designed townhomes, this boutique community is nearing sellout. These modern 2-bedroom, 2.5-bath residences offer bright open-concept floor plans with 9-foot ceilings, designer quartz countertops, luxury vinyl plank flooring, and stylish finishes throughout. Included solar panels, energy-efficient features, and a builder warranty provide long-term savings and added peace of mind. Each home also includes an attached 2-car garage and an oversized covered balcony, while residents enjoy community amenities such as a playground, BBQ area, and dog run. Ideally located just minutes from North City, California State University San Marcos, shopping, dining, and entertainment, Pico Place Homes delivers exceptional value without the burden of high HOA fees or Mello-Roos. With homes complete, quick move-in availability, and demand continuing to grow, this is one of the final opportunities to own in this exciting new community.

Mortgage Calculator

Est. Monthly Payment

$4,397

Principal & Interest$3,224
Property Tax$638
Insurance$186
HOA$350
%($127,500)
%

Location

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Investment Score

37C
Est. Monthly Rent
$3,053
Monthly Cashflow

Rent − PITIA

$-1,344
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,577

Mortgage (P+I)
$3,224
Cap Rate
1.22%
Cash-on-Cash
-24.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$6,400

NOI (Annual)
$7,753
Price-to-Rent

Lower = better for investors

17.4

* 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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