244 Pico Avenue
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244 Pico Avenue #9

B

San Marcos, CA 92069

$649,900

Soft Appraisal Value: $649,300 · 0.1% above estimate

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

46

Property Type

Townhouse

HOA/mo

$350

MLS ID

260008100SD

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

About This Property

Big builder incentives for April only! 1 Year Rate Buy Down, No HOA fees for 1 year, and Solar Included! Brand New Construction, NOW SELLING! Discover the most affordable new construction in the region. Pico Place Homes introduces a limited collection of 16 expertly designed townhomes that prove you don't have to choose between a premium lifestyle and a smart price point. These brand-new residences are offering a rare opportunity to own a piece of North County without the burden of high HOA fees or the hidden costs of Mello-Roos. 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

$4,476

Principal & Interest$3,286
Property Tax$650
Insurance$190
HOA$350
%($129,980)
%

Location

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Investment Score

48B
Est. Monthly Rent
$3,536
Monthly Cashflow

Rent − PITIA

$-940
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,295

Mortgage (P+I)
$3,286
Cap Rate
1.83%
Cash-on-Cash
-21.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$6,517

NOI (Annual)
$11,895
Price-to-Rent

Lower = better for investors

15.3

* 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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