304 Ishaan Lane
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304 Ishaan Lane

C

San Marcos, CA 92069

$644,900
NEW — 2d

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

2

Property Type

Townhouse

HOA/mo

$350

MLS ID

260012682SD

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

About This Property

Introducing the lowest priced opportunity at Pico Place Homes. A rare chance to own brand-new construction in the heart of San Marcos with quick move-in availability and major builder incentives available for a limited time. With only 16 modern townhomes in the entire community, this is one of the final opportunities to secure a stylish new home before they are gone. Designed for elevated everyday living without the burden of high HOAs or Mello-Roos, these thoughtfully crafted 2-bedroom, 2.5-bath residences feature bright open-concept layouts, soaring 9-foot ceilings, designer quartz countertops, and sleek luxury vinyl plank flooring throughout. Every detail was intentionally selected to deliver both comfort and long-term value. Homeownership is made even more attainable with included solar panels, energy-efficient features, and a builder warranty that helps provide added peace of mind and predictable monthly costs. Residents will also enjoy attached 2-car garages, oversized covered balconies perfect for indoor-outdoor living, and access to community amenities including a playground, BBQ area and dog run. Located just minutes from the shops, restaurants, and entertainment of North City, as well as California State University San Marcos, Pico Place Homes offers the perfect blend of convenience, contemporary design, and affordability in one of North County’s fastest-growing communities. With completion scheduled by June and demand already building, this opportunity will not last long.

Mortgage Calculator

Est. Monthly Payment

$4,444

Principal & Interest$3,261
Property Tax$645
Insurance$188
HOA$350
%($128,980)
%

Location

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Investment Score

34C
Est. Monthly Rent
$2,986
Monthly Cashflow

Rent − PITIA

$-1,458
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,682

Mortgage (P+I)
$3,261
Cap Rate
1.08%
Cash-on-Cash
-24.95%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$6,469

NOI (Annual)
$6,947
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.

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