1243 Bellingham Drive
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1243 Bellingham Drive

Ctop 80%

Oceanside, CA 92057Neighborhood: North Valley

$1,129,500
STR closed · inland Oceanside

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$4,803/mo full cashflow at 20% down, 7.36% rate.

Works at $500,995 (56% under asking), or at 82% down.

Rent $5,167/mo from 10 leases of 4–6 bed houses within 0.5 mi, same school area ($4,696–$5,089).

Beds

5

Baths

3

Sqft

2,971

Year Built

2012

Days on Market

48

Property Type

Single Family

HOA/mo

$150

MLS ID

260023464SD

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

Virtual Tour

About This Property

Look no further! Set within the sought-after Arrowood community, this spacious five-bedroom residence offers nearly 3,000 square feet of thoughtfully designed living space, generous gathering areas and seamless indoor-outdoor living. At the heart of the home, a beautifully appointed kitchen with a large center island and breakfast bar with separate breakfast nook opens to the main living areas, creating an inviting setting for everyday living and entertaining. The oversized primary suite provides a private retreat with ample room to relax and a substantial walk-in wardrobe. Exceptional storage throughout includes additional closets and a sizable walk-in storage area beneath the staircase. Outside, upgraded landscaping complimented with adult King palms setting the stage for a retreat-like ambiance and effortless outdoor entertaining. A generous, lush lawn, spacious patio, dedicated fire pit lounge and tiki-style BBQ bar offer distinct spaces for dining, recreation and relaxation. Wide setbacks along both sides of the property provide additional versatility, while a three-car garage with extra storage completes the home. Residents enjoy Arrowood's resort-style amenities, including a swimming pool, clubhouse and playground, with championship golf (*membership required for use), shopping, schools and the best of North County's coastal lifestyle just minutes away. Nestled among the rolling hills of northeast Oceanside, Arrowood is a desirable master-planned community offering a blend of residential tranquility, recreation and everyday convenience. Residents enjoy access to a Junior Olympic-sized swimming pool, clubhouse, playground and beautifully maintained common areas, with nearby parks and walking trails providing additional opportunities to enjoy Southern California's year-round sunshine. At the heart of the neighborhood, Arrowood Golf Course (membership required) is a scenic, 18-hole, par-72 public championship course designed by Ted Robinson Jr. Featuring rolling fairways, dramatic elevation changes and picturesque valley views, the course offers a memorable experience for golfers of all skill levels. Practice facilities include a driving range, putting greens and professional instruction. Beyond the course, the Flight Deck features Toptracer-powered golf bays, while Fairways Kitchen & Bar provides a casual setting for dining and socializing. Pickleball courts and special events add to the area's recreational appeal. Golf is available separately and is not included in residential HOA dues. Conveniently located near Highway 76, Arrowood offers easy access to shopping, dining, schools, Camp Pendleton and the beaches of Oceanside and Carlsbad, combining the relaxed atmosphere of a golf-oriented neighborhood with the amenities of North County San Diego.

Mortgage Calculator

Est. Monthly Payment

$7,841

Principal & Interest$6,232
Property Tax$1,130
Insurance$329
HOA$150
%($225,900)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bonsall Elementary · grades K-5 · Bonsall Unified

  • Middle

    Norman L. Sullivan Middle · grades 6-8 · Bonsall Unified

  • High

    Bonsall High · grades 9-12 · Bonsall 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

20C
Est. Monthly Rent
$5,167

10 leases of 4–6 bed houses within 0.5 mi, same school area · $4,696–$5,089

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,673
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,803

What would make this work?

$4,803/mo short at 20% down; 82% down or +$6,237/mo rent closes it.

Break-even price

56% under asking

$500,995
Break-even rent

$6,237/mo above the estimate

$11,404/mo
Cashflow at 35% down
−$3,634/mo
Down payment to break even

$926,190 cash

82%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,232
Cap Rate
1.79%
Cash-on-Cash
-25.51%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$20,246
Price-to-Rent

Lower = better for investors

18.2

* Modelled at 20% down, 7.36% 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−$4,803/mo