649 Merit Drive

649 Merit Drive

D

San Marcos, CA 92078

$1,190,000

Beds

3

Baths

2.5

Sqft

2,211

Year Built

2018

Days on Market

9

Property Type

Single Family

HOA/mo

$246

MLS ID

NDP2601061

Description

Welcome to the lifestyle so many families are quietly searching for in San Marcos. Nestled inside the gated community of Rancho Tesoro, this 3-bedroom + office (with a closet already added for optional 4th bedroom use) and owned solar, offers the perfect blend of charm, functionality, and connection. Step outside your front door and you’re minutes from Discovery Lake, miles of hiking trails, and the vibrant energy of North City with its growing lineup of restaurants, coffee shops, and community events. Cal State San Marcos and Palomar College are just nearby, making this location incredibly convenient while still feeling peaceful and tucked away. Rancho Tesoro is known for its resort-style pool, gated entry, community BBQ area, parks, and neighborhood gatherings where kids play freely and neighbors truly know each other. This is more than a home. It’s sunset walks. Pool days. Trail mornings. It’s the kind of place people move to and never want to leave. Come experience it in person.

Mortgage Calculator

Est. Monthly Payment

$7,800

Principal & Interest$6,017
Property Tax$1,190
Insurance$347
HOA$246
%($238,000)
%

Investment Score

1D
Est. Monthly Rent

Zillow Rent Zestimate

$4,172
Monthly Cashflow
$-5,580

Mortgage (P+I)
$6,017
Cap Rate
0.44%
Cash-on-Cash
-28.13%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$9,418

NOI (Annual)
$5,253
Price-to-Rent

Lower = better for investors

23.8

* Defaults: 20% down, 6.5% rate, 30yr.

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