
1486 Puritan
Ctop 80%Oceanside, CA 92057Neighborhood: North Valley
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 →
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.
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Est. Monthly Payment
$4,408
Location
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Comparable Properties
5 comps foundThis Property
$2,340
Comp Average
$3,136
4616 River Road
3bd / 2ba · 2,040 sqft · Mfd/Mobile Home
$390K
Est. $2,813/mo
1491 Puritan Way
3bd / 2ba · 1,680 sqft · Single Family
$540K
Est. $3,945/mo
243 Bluebird Lane
3bd / 2ba · 1,608 sqft · Manufactured
$495K
Est. $2,813/mo
3621 Vista Campana
2bd / 2ba · 1,635 sqft · Single Family
$600K
Est. $3,767/mo

5244 Weymouth Way
2bd / 2.5ba · 2,250 sqft · Manufactured
$649K
Est. $2,340/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?
$3,094/mo short at 20% down; 97% down or +$4,019/mo rent closes it.
- Break-even price
- $180,095
- Break-even rent
- $6,359/mo
- Cashflow at 35% down
- −$2,489/mo
- Down payment to break even
- 97%
- Rate to break even
- Not reachable
69% under asking
$4,019/mo above the estimate
$567,450 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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