305 Ishaan
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305 Ishaan

B

San Marcos, CA 92069

$649,900

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

10

Property Type

Townhouse

HOA/mo

$350

MLS ID

260014862SD

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

About This Property

Limited-Time Builder Incentives Available! Enjoy a 1-Year Rate Buydown and Included Solar Panels. Now selling, Pico Place Homes offers a limited collection of just 16 brand-new townhomes and one of the most affordable new construction opportunities in North County. These thoughtfully designed 2-bedroom, 2.5-bath residences feature open-concept living, 9-foot ceilings, designer quartz countertops, luxury vinyl plank flooring, solar, and a full builder warranty. Residents enjoy 2-car garages, covered outdoor living spaces, and community amenities including a BBQ area, playground, and dog run. Conveniently located near North City and CSUSM, Pico Place delivers modern living, exceptional value, and a prime location without the burden of high HOA fees or Mello-Roos.

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

36C
Est. Monthly Rent
$3,104
Monthly Cashflow

Rent − PITIA

$-1,372
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,628

Mortgage (P+I)
$3,286
Cap Rate
1.22%
Cash-on-Cash
-24.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$6,517

NOI (Annual)
$7,903
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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