244 Pico Avenue 7

244 Pico Avenue 7

B

San Marcos, CA 92069

$639,900
NEW — 1d

Beds

2

Baths

3

Sqft

1,163

Year Built

2026

Days on Market

1

Property Type

Townhouse

HOA/mo

$350

MLS ID

260017315SD

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

About This Property

Major builder incentives available now, including a 4.5% introductory rate buy-down and additional limited-time savings, making this one of the best opportunities to own a brand-new home in San Marcos. Welcome to Pico Place Homes, one of the area's most affordable new construction communities, with quick move-in homes available and only a handful of opportunities remaining. This boutique collection of just 16 thoughtfully designed townhomes is nearing sellout and offers the perfect blend of style, comfort, and value. Each modern 2-bedroom, 2.5-bath residence features an open-concept layout with 9-foot ceilings, designer quartz countertops, luxury vinyl plank flooring, and contemporary finishes throughout. Enjoy the benefits of included solar panels, energy-efficient construction, and a builder warranty for added peace of mind. Homes also feature attached 2-car garages and oversized covered balconies, while community amenities include a playground, BBQ area, and dog run. Conveniently located near 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 completed, quick move-in availability, and strong buyer demand, this is one of the final chances to own in this exciting new community.

Mortgage Calculator

Est. Monthly Payment

$4,412

Principal & Interest$3,236
Property Tax$640
Insurance$187
HOA$350
%($127,980)
%

Investment Score

37C
Est. Monthly Rent
$3,069
Monthly Cashflow

Rent − PITIA

$-1,344
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,583

Mortgage (P+I)
$3,236
Cap Rate
1.22%
Cash-on-Cash
-24.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$6,423

NOI (Annual)
$7,836
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.

Get Expert AnalysisOpen Full Calculator