1486 Puritan
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1486 Puritan

Ctop 80%

Oceanside, CA 92057Neighborhood: North Valley

$585,000

Pass at asking: -$3,094/mo full cashflow at 20% down, 7.36% rate.

Works at $180,095 (69% under asking), or at 97% down.

Rent $2,340/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,936

Year Built

1995

Days on Market

148

Property Type

Manufactured

HOA/mo

$425

MLS ID

260014708SD

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

Virtual Tour

About This Property

Welcome to your new home in the highly desirable 55+ gated community of Pilgrim Creek Estates—where you own the land! While this property may be classified as a manufactured home, that is where the comparison stops. This rare, expansive triple-wide residence offers over 1,900 square feet of single-level living space, seamlessly blending functional comfort with a serene coastal lifestyle. Inside, you will immediately appreciate the open-concept floor plan flowing with beautiful laminate flooring, soaring ceilings, and abundant natural light provided by large energy-efficient vinyl windows and an overhead skylight that welcomes refreshing ocean breezes. The home features a sprawling living room, a separate formal dining area, and an oversized family room featuring a dry bar perfect for entertaining. The pristine kitchen comes fully equipped with rich granite countertops, a built-in pantry, modern appliances, and a convenient breakfast bar that opens completely to the main family areas. The primary suite serves as a spacious and peaceful retreat, complete with a massive walk-in closet and an en-suite bathroom featuring double sinks, a walk-in shower, and a luxury jetted tub. The secondary bedroom is generously sized with direct layout access to the shared full guest bathroom. A dedicated, individual laundry room sits right off the kitchen for maximum convenience. Outdoor living is just as inviting as the interior. Enjoy a morning cup of coffee on your grand front porch boasting beautiful territorial views of the nearby hills, or relax on the large, private covered patio. Welcome to your new home in the highly desirable 55+ gated community of Pilgrim Creek Estates—where you own the land! While this property may be classified as a manufactured home, that is where the comparison stops. This rare, expansive triple-wide residence offers over 1,900 square feet of single-level living space, seamlessly blending functional comfort with a serene coastal lifestyle. Inside, you will immediately appreciate the open-concept floor plan flowing with beautiful laminate flooring, soaring ceilings, and abundant natural light provided by large energy-efficient vinyl windows and an overhead skylight that welcomes refreshing ocean breezes. The home features a sprawling living room, a separate formal dining area, and an oversized family room featuring a dry bar perfect for entertaining. The pristine kitchen comes fully equipped with rich granite countertops, a built-in pantry, modern appliances, and a convenient breakfast bar that opens completely to the main family areas. The primary suite serves as a spacious and peaceful retreat, complete with a massive walk-in closet and an en-suite bathroom featuring double sinks, a walk-in shower, and a luxury jetted tub. The secondary bedroom is generously sized with direct layout access to the shared full guest bathroom. A dedicated, individual laundry room sits right off the kitchen for maximum convenience. Outdoor living is just as inviting as the interior. Enjoy a morning cup of coffee on your grand front porch boasting beautiful territorial views of the nearby hills, or relax on the large, private covered patio out back. A large garden area currenlty stocked with avocado trees, banana trees, fig, peach and lots of space to grow more! The low-maintenance exterior features drought-tolerant landscaping, rain gutters, and a detached two-car garage. Perfectly situated close to premier North County shopping, dining, medical facilities, and the Oceanside Harbor, this property beautifully combines absolute convenience with an active community environment.

Mortgage Calculator

Est. Monthly Payment

$4,408

Principal & Interest$3,228
Property Tax$585
Insurance$171
HOA$425
%($117,000)
%
Loan Term

Location

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Investment Score

24C
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

-$2,069
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,094

What would make this work?

$3,094/mo short at 20% down; 97% down or +$4,019/mo rent closes it.

Break-even price

69% under asking

$180,095
Break-even rent

$4,019/mo above the estimate

$6,359/mo
Cashflow at 35% down
−$2,489/mo
Down payment to break even

$567,450 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,228
Cap Rate
0.51%
Cash-on-Cash
-31.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$3,004
Price-to-Rent

Lower = better for investors

20.8

* 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−$3,094/mo