1449 Salem Court
1 / 20

1449 Salem Court

Ctop 80%

Oceanside, CA 92057Neighborhood: North Valley

$729,000

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 →

Virtual Tour

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

Principal & Interest$4,022
Property Tax$729
Insurance$213
HOA$425
%($145,800)
%
Loan Term

Location

Loading map...

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.

Investment Score

8C
Est. Monthly Rent
$2,340

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$3,049
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,195

What would make this work?

$4,195/mo short at 20% down; +$5,448/mo rent closes it.

Break-even price

75% under asking

$180,095
Break-even rent

$5,448/mo above the estimate

$7,788/mo
Cashflow at 35% down
−$3,441/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,022
Cap Rate
-0.09%
Cash-on-Cash
-34.52%
DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)
-$668
Price-to-Rent

Lower = better for investors

26.0

* 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.

Open Full Calculator
CCashflow−$4,195/mo