1184 Masterpiece Drive
Ctop 80%Oceanside, CA 92057Neighborhood: Ivey Ranch & Rancho Del Oro
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
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.
Comparable Properties
5 comps foundThis Property
$4,496
Comp Average
$4,418
4499 Pebble Beach Drive
4bd / 3ba · 2,002 sqft · Single Family
$889K
Est. $4,554/mo
914 Tempera Court
4bd / 2.5ba · 2,077 sqft · Single Family
$899K
Est. $4,570/mo
5001 Calle Arquero
4bd / 2ba · 1,790 sqft · Single Family
$885K
Est. $4,116/mo
4887 Glenhollow
4bd / 2ba · 2,025 sqft · Single Family
$960K
Est. $4,253/mo
1647 Shire Ave
4bd / 2ba · 1,959 sqft · Single Family
$1.07M
Est. $4,597/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules
Investment Score
14 leases of 4-bed houses within 1 mi · $4,019–$4,291
Blended 50/50 with the zip's market median ($4,814)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,155/mo short at 20% down; 82% down or +$5,396/mo rent closes it.
- Break-even price
- $430,356
- Break-even rent
- $9,892/mo
- Cashflow at 35% down
- −$3,139/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$5,396/mo above the estimate
$794,580 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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