649 Merit Drive

649 Merit Drive

D

San Marcos, CA 92078

$1,190,000

Soft Appraisal Value: $1,173,700 · 1.4% above estimate

Beds

4

Baths

2.5

Sqft

2,211

Year Built

2018

Days on Market

54

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

2D
Est. Monthly Rent
$4,419
Monthly Cashflow

Rent − PITIA

$-3,381
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,389

Mortgage (P+I)
$6,017
Cap Rate
0.63%
Cash-on-Cash
-27.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.57
Break-even Rent
$11,418

NOI (Annual)
$7,536
Price-to-Rent

Lower = better for investors

22.4

* 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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