
402 Zoey Lane
Btop 30%San Marcos, CA 92069Neighborhood: Twin Oaks Valley
Pass at asking: -$2,538/mo full cashflow at 20% down, 7.43% rate.
Works at $249,448 (57% under asking), or at 84% down.
Rent $2,943/mo from 17 leases of 1–3 bed condos & townhomes within 2 mi ($3,124–$3,349).
Beds
2
Baths
2.5
Sqft
1,163
Year Built
2026
Days on Market
45
Property Type
Townhouse
HOA/mo
$350
MLS ID
260023150SD
This property is in San Marcos (92069). View neighborhood stats →
About This Property
With massive builder incentives! Don't miss your opportunity to own a brand new townhome at Pico Place Homes, one of the most affordable new construction communities in San Marcos. With quick move-in homes available and limited-time builder incentives, now is the perfect time to make homeownership a reality. Featuring just 16 thoughtfully designed townhomes, this boutique community is nearing sellout. These modern 2-bedroom, 2.5-bath residences offer bright open-concept floor plans with 9-foot ceilings, designer quartz countertops, luxury vinyl plank flooring, and stylish finishes throughout. Included solar panels, energy-efficient features, and a builder warranty provide long-term savings and added peace of mind. Each home also includes an attached 2-car garage and an oversized covered balcony, while residents enjoy community amenities such as a playground, BBQ area, and dog run. Ideally located just minutes from 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 complete, quick move-in availability, and demand continuing to grow, this is one of the final opportunities to own in this exciting new community.
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Est. Monthly Payment
$4,321
Location
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Comparable Properties
5 comps foundThis Property
$2,943
Comp Average
$3,226
404 Zoey Ln
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $3,932/mo
203 Sarina Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $2,943/mo
205 Sarina Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$580K
Est. $2,943/mo
1002 Lotus Drive
2bd / 2.5ba · 1,215 sqft · Townhouse
$669K
Est. $3,405/mo
207 Sarina Lane
2bd / 2.5ba · 1,163 sqft · Townhouse
$585K
Est. $2,908/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. San Marcos does not allow short-term rentals in residential zones. See the rules
Investment Score
17 leases of 1–3 bed condos & townhomes within 2 mi · $3,124–$3,349
Blended 50/50 with the zip's market median ($2,669)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,538/mo short at 20% down; 84% down or +$3,296/mo rent closes it.
- Break-even price
- $249,448
- Break-even rent
- $6,239/mo
- Cashflow at 35% down
- −$1,934/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$3,296/mo above the estimate
$487,116 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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