1184 Masterpiece Drive
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1184 Masterpiece Drive

Ctop 80%

Oceanside, CA 92057Neighborhood: Ivey Ranch & Rancho Del Oro

$969,000
NEW — 0d
STR closed · inland Oceanside

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 5, 2026.

Pass at asking: -$4,155/mo full cashflow at 20% down, 7.49% rate.

Works at $430,356 (56% under asking), or at 82% down.

Rent $4,496/mo from 14 leases of 4-bed houses within 1 mi ($4,019–$4,291).

Beds

4

Baths

2

Sqft

1,901

Year Built

1991

Days on Market

0

Property Type

Single Family

HOA/mo

$142

MLS ID

260026314SD

This property is in Oceanside (92057). Browse neighborhood analytics →

About This Property

RARE SINGLE-STORY OPPORTUNITY IN RANCHO DEL ORO — EXPANSIVE BACKYARD & BREATHTAKING MOUNTAIN VIEWS! Some homes offer a great location. Others offer exceptional outdoor space. Rarely do you find both, paired with the comfort and convenience of single-story living! Welcome to 1184 Masterpiece Drive, a truly special opportunity in one of Rancho del Oro's desirable residential neighborhoods. Offering 1,901 square feet of thoughtfully designed living space, this 4-bedroom, 2-bath home lives beautifully, with generous proportions where they matter most: spacious living areas, an inviting kitchen, and remarkably roomy bathrooms. The versatile floor plan offers the flexibility of four full bedrooms or three bedrooms plus an ideally situated flex space, perfect for a home office, playroom, creative studio, or whatever suits your lifestyle. But the real magic begins outdoors! Set on an exceptionally generous lot of over 9,000 square feet, this property offers something increasingly rare: an expansive, private backyard with endless possibilities. With much of the lot dedicated to outdoor living, you have ample room to entertain, garden, create your dream outdoor retreat, or explore adding a pool. An existing koi pond, complete with the gentle sounds of flowing water, adds a peaceful, almost resort-like atmosphere. And then there's THE VIEW! Beautiful trees frame sweeping mountain vistas that become even more spectacular when winter brings snow to the distant peaks. Imagine enjoying the Southern California sunshine just minutes from the Pacific Ocean!

Mortgage Calculator

Est. Monthly Payment

$6,809

Principal & Interest$5,415
Property Tax$969
Insurance$283
HOA$142
%($193,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Ivey Ranch Elementary · grades K-5 · Oceanside Unified

  • Middle

    Martin Luther King Jr. Middle · grades 6-8 · Oceanside Unified

  • High

    El Camino High · grades 9-12 · Oceanside Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules

Investment Score

27C
Est. Monthly Rent
$4,496

14 leases of 4-bed houses within 1 mi · $4,019–$4,291

Blended 50/50 with the zip's market median ($4,814)

Monthly Cashflow

Rent − PITIA

-$2,313
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,155

What would make this work?

$4,155/mo short at 20% down; 82% down or +$5,396/mo rent closes it.

Break-even price

56% under asking

$430,356
Break-even rent

$5,396/mo above the estimate

$9,892/mo
Cashflow at 35% down
−$3,139/mo
Down payment to break even

$794,580 cash

82%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,415
Cap Rate
1.84%
Cash-on-Cash
-25.72%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$17,823
Price-to-Rent

Lower = better for investors

18.0

* Modelled at 20% down, 7.49% 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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CCashflow−$4,155/mo