1002 Morse

1002 Morse

D

Oceanside, CA 92054

$1,395,000
NEW — 2d on market

Beds

3

Baths

2

Sqft

1,292

Year Built

1960

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007327SD

View on MLS

Description

Coastal charm meets modern comfort in this beautifully refreshed South Oceanside home, just moments from the beach.1002 Morse St offers 3 bedrooms, 2 bathrooms, and a thoughtfully designed layout filled with natural light and warm, inviting finishes. The living room centers around a custom fireplace and flows effortlessly into a bright dining space and an updated kitchen featuring stone countertops, stainless appliances, and clean cabinetry. Rich hardwood floors add to the incredible charm. Step outside to a spacious, private backyard framed by mature landscaping and a producing citrus tree—an ideal setting for entertaining, relaxing, or simply enjoying the coastal breeze. Maybe even an ADU. The yard offers both immediate enjoyment and long-term potential. Located in one of South Oceanside’s most desirable neighborhoods, this home places you just minutes from the ocean, local cafes, and the laid-back lifestyle that defines North County coastal living.

Mortgage Calculator

Est. Monthly Payment

$8,856

Principal & Interest$7,054
Property Tax$1,395
Insurance$407
%($279,000)
%

Investment Score

2D
Est. Monthly Rent
$4,907
Monthly Cashflow

Rent − PITI − HOA

$-3,949
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,240

Mortgage (P+I)
$7,054
Cap Rate
0.70%
Cash-on-Cash
-26.84%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$13,011

NOI (Annual)
$9,767
Price-to-Rent

Lower = better for investors

23.7

* 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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