No photos available

649 Merit Drive

D

San Marcos, CA 92078

$1,095,000
NEW — 0d

Soft Appraisal Value: $1,088,100 · 0.6% above estimate

Beds

4

Baths

2.5

Sqft

2,211

Year Built

2018

Days on Market

0

Property Type

Single Family

HOA/mo

$246

MLS ID

NDP2604440

This property is in San Marcos (92078). View neighborhood stats →

Virtual Tour

About This Property

Welcome to life inside the gated community of Rancho Tesoro — one of San Marcos’ most sought-after neighborhoods where connection, convenience, and everyday lifestyle come together beautifully. Built in 2018, this thoughtfully designed home offers the feel of newer construction with modern features, energy efficiency, and flexible living spaces ideal for today’s lifestyle. Inside, you’ll find 3 bedrooms plus a dedicated office with a closet already added, creating the flexibility for an optional 4th bedroom on the first floor, guest room, or play space. The downstairs living is open and inviting, with the kitchen, dining, and family room seamlessly connected — perfect for entertaining, everyday living, and staying connected with family and guests. The home also features owned solar, a whole house fan, and tankless water heater for improved energy efficiency and comfort year-round. Beyond the home itself, Rancho Tesoro is the kind of neighborhood people fall in love with for the lifestyle it offers. Residents enjoy a resort-style pool, BBQ areas, parks, gated privacy, and a true sense of community where neighbors gather, kids ride bikes, and evenings often end with sunset walks through the neighborhood. Just outside the gates, you’re moments from Discovery Lake, scenic hiking trails, Double Peak, and the growing North City district filled with coffee shops, restaurants, wellness studios, and local events. Cal State San Marcos and Palomar College are nearby, along with convenient access to shopping, dining, and major freeways — all while still feeling peaceful and tucked away. This is more than just a home — it’s morning trail walks, summer pool days, neighborhood gatherings, and the kind of community atmosphere that’s becoming harder to find. Rancho Tesoro offers the perfect blend of North County lifestyle, comfort, and connection. Come experience why so many people are proud to call this neighborhood home.

Mortgage Calculator

Est. Monthly Payment

$7,197

Principal & Interest$5,537
Property Tax$1,095
Insurance$319
HOA$246
%($219,000)
%

Location

Loading map...

Investment Score

22D
Est. Monthly Rent
$4,956
Monthly Cashflow

Rent − PITIA

$-2,241
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,293

Mortgage (P+I)
$5,537
Cap Rate
1.36%
Cash-on-Cash
-23.52%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$10,532

NOI (Annual)
$14,923
Price-to-Rent

Lower = better for investors

18.4

* 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.

Get Expert AnalysisOpen Full Calculator