244 Pico Avenue
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244 Pico Avenue #9

D

San Marcos, CA 92069

$675,000
NEW — 1d on market

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

1

Property Type

Townhouse

HOA/mo

$350

MLS ID

260008100SD

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

View on MLS

About This Property

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

$4,635

Principal & Interest$3,413
Property Tax$675
Insurance$197
HOA$350
%($135,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$2,830
Monthly Cashflow

Rent − PITIA

$-1,805
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,019

Mortgage (P+I)
$3,413
Cap Rate
0.70%
Cash-on-Cash
-26.83%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$6,750

NOI (Annual)
$4,735
Price-to-Rent

Lower = better for investors

19.9

* 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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