
133 Mellano Way
Ctop 80%Oceanside, CA 92057Neighborhood: Morro Hills
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: -$6,118/mo full cashflow at 20% down, 7.36% rate.
Works at $499,242 (62% under asking), or at 89% down.
Rent $5,423/mo from 11 leases of 4-bed houses within 1 mi ($5,392–$6,468).
Beds
4
Baths
4.5
Sqft
3,494
Year Built
2026
Days on Market
172
Property Type
Single Family
HOA/mo
$360
MLS ID
260012609SD
This property is in Oceanside (92057). Browse neighborhood analytics →
About This Property
This two-story Next Gen® home that now includes backsplashes and upgraded flooring and is ready for a Quick Move-In, features a private suite with a separate entrance, living area, kitchenette and bedroom for seamless independent living. An open-concept floorplan on the first level combines the kitchen, living and dining areas, with access to a California Room for outdoor entertainment and leisure. On the second floor, three bedrooms surround a versatile loft, including the luxe owner’s suite with a spa-inspired bathroom and walk-in closet. There is also a spacious 3 car garage and driveway. The community has wide streets and sidewalks and ample street parking. Walk to: parks, pools, recreation center with gym, lounge, and conference room, extensive trail system, lawns, viewpoint park, hilltop Magnolia is a collection of new and spacious two-story homes now selling at the North River Farms masterplan in Oceanside, CA. Select plans will feature Lennar’s signature Next Gen® suite, complete with a separate entrance, living space, bedroom, bathroom, kitchenette and laundry room. An extensive trail system weaves throughout the community, and residents will enjoy access to onsite amenities, including picnic areas, swimming pools, a fitness center, pickleball courts and much more. Photos or renderings may be of the Model Home and not the actual home.
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Est. Monthly Payment
$9,211
Location
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Comparable Properties
5 comps foundThis Property
$5,423
Comp Average
$5,314
1268 Bellingham Drive
4bd / 4.5ba · 3,203 sqft · Single Family
$1.15M
Est. $5,472/mo
5555 Dora Way
4bd / 3.5ba · 3,209 sqft · Single Family
$1.25M
Est. $5,538/mo
5567 Dora Way
4bd / 3.5ba · 3,209 sqft · Single Family
$1.25M
Est. $5,048/mo
274 Hadley Way
4bd / 3.5ba · 3,335 sqft · Single Family
$1.38M
Est. $5,483/mo
262 Reid Way
4bd / 3.5ba · 3,335 sqft · Single Family
$1.50M
Est. $5,030/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
11 leases of 4-bed houses within 1 mi · $5,392–$6,468
Blended 50/50 with the zip's market median ($4,709)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,118/mo short at 20% down; 89% down or +$7,946/mo rent closes it.
- Break-even price
- $499,242
- Break-even rent
- $13,369/mo
- Cashflow at 35% down
- −$4,774/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$7,946/mo above the estimate
$1,156,911 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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