
1449 Salem Court
Ctop 80%Oceanside, CA 92057Neighborhood: North Valley
Pass at asking: -$4,195/mo full cashflow at 20% down, 7.36% rate.
Works at $180,095 (75% under asking); even all cash loses money at asking.
Rent $2,340/mo: zip market median for this bed count.
Beds
2
Baths
2
Sqft
1,344
Year Built
1986
Days on Market
85
Property Type
Manufactured
HOA/mo
$425
MLS ID
NDP2607811
This property is in Oceanside (92057). Browse neighborhood analytics →
About This Property
Views, Views, Views! Sit on the patio and enjoy the views of the hills and the cool ocean breezes. Located in beautiful Pilgrim Creek Estates, a highly desirable 55+ gated community where you own the land! This beautiful 2 bedroom, 2 bath + den/office is highly upgraded and is in move in condition. This home has been beautifully remodeled with new kitchen cabinets with lots of storage and slide out drawers, granite counters and stainless steel appliances including a double oven. Accenting this home is a large 280 square foot family room added with permits that increases the square footage to 1,624. This lovely family room addition brings in natural light throughout and cool ocean breezes with dual pane windows and electric window blinds. Within the last three years the owners have completed other numerous upgrades including a new roof, new A/C and furnace, new water heater and new garbage disposal. In 2023 a 433a was recorded that allows for conventional financing and the home was re-leveled. Other upgrades include beautiful laminate flooring throughout, dual pane windows and remodeled bathrooms. Close to all shopping and dining and a short drive to beaches and harbor. Pilgrim Creek Estates is a beautifully landscaped community that offers many amenities including a clubhouse with a full kitchen, billiard tables, gym, heated pool, jacuzzi and free RV parking. Low HOA fees of $425 per month includes water, trash and sewer fees.
Mortgage Calculator
Est. Monthly Payment
$5,389
Location
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Zoned Schools
Elementary
Del Rio 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
$2,340
Comp Average
$3,511
3808 Vista Campana
2bd / 2ba · 1,347 sqft · Single Family
$499K
Est. $3,458/mo
305 Trunks
3bd / 2ba · 1,352 sqft · Single Family
$750K
Est. $3,663/mo
3902 Vista Campana
2bd / 2ba · 1,292 sqft · Single Family
$600K
Est. $3,435/mo
3890 Vista Campana South
2bd / 1.5ba · 1,292 sqft · Single Family
$600K
Est. $3,419/mo
5612 Old Ranch Road
3bd / 2ba · 1,344 sqft · Single Family
$825K
Est. $3,580/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,195/mo short at 20% down; +$5,448/mo rent closes it.
- Break-even price
- $180,095
- Break-even rent
- $7,788/mo
- Cashflow at 35% down
- −$3,441/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
75% under asking
$5,448/mo above the estimate
Negative even all-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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