1280 Calle Ultimo
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1280 Calle Ultimo

D

Oceanside, CA 92056

$987,500

Beds

4

Baths

2.5

Sqft

1,945

Year Built

1991

Days on Market

14

Property Type

Single Family

HOA/mo

$140

MLS ID

SW26094790

This property is in Oceanside (92056). View neighborhood stats →

About This Property

Welcome to Rancho Del Oro in the heart of Oceanside! Sunny days and cool breezes await! The first thing that will grab your attention is the SPACIOUS landscaped front yard, perfect for entertaining. Enter the home to vaulted ceilings, engineered wood floors, and abundant natural light flowing into the formal dining area. The kitchen features white painted cabinets with hardware, neutral stone counters, and black stainless-steel appliances. Views of the tropical backyard and pool from the kitchen and fireplace room through modern dark-framed Renewal by Andersen double-pane windows and sliding glass door enhance the peaceful living space. Also on the first floor are a half bath, large linen cabinet, and full laundry room with utility sink, counter, and cabinetry. Plush carpeted stairs lead to a large landing and spacious primary suite with vaulted ceiling, quiet ceiling fan, and matching Renewal by Andersen double-pane windows overlooking the backyard, pool, and tropical landscaping. The primary bath offers a dual-sink vanity with extra storage, new modern light fixture, soaking tub with shower, and walk-in plush carpeted closet with mirror doors. Down the hall are three spacious bedrooms with large closets, engineered wood floors, and Renewal by Andersen double-pane windows. The backyard is filled with tropical plants and palm trees, concrete patio, raised organic garden area, propane firepit, spacious turfed side yard, and built-in propane BBQ grill island. The pool and spa were resurfaced with Tahoe Blue PebbleTec and neutral stone tile, plus 2021 VFD pool pump and filter system and 2024 pool heater. The 2-car garage offers ample storage with multiple racks and 2021 water heater with thermal expansion system. NOTE: the oversized Sunrun solar system accommodates high electrical use, including pool and spa filtration. 220V outlet added to garage for your charging needs. The neighborhood includes two small play parks with grassy areas, while MLK Park, Empressa Park, Mottino YMCA, the Senior Center, and El Corazon Aquatic and Soccer Centers are nearby. Employment, shopping, and dining are all within a 5-minute drive. Be on the sand at Oceanside Beach in 15 minutes! Don’t miss this tropical retreat home.

Mortgage Calculator

Est. Monthly Payment

$6,409

Principal & Interest$4,993
Property Tax$988
Insurance$288
HOA$140
%($197,500)
%

Location

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Investment Score

28D
Est. Monthly Rent
$4,476
Monthly Cashflow

Rent − PITIA

$-1,933
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,785

Mortgage (P+I)
$4,993
Cap Rate
1.47%
Cash-on-Cash
-23.00%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$9,392

NOI (Annual)
$14,497
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.

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