1491 Puritan Way
Atop 10%Oceanside, CA 92057Neighborhood: North Valley
1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$1,509/mo full cashflow at 20% down, 7.36% rate.
Works at $342,511 (37% under asking), or at 61% down.
Rent $3,945/mo from 15 leases of 2–4 bed houses within 1 mi ($3,720–$4,042).
Beds
3
Baths
2
Sqft
1,680
Year Built
1989
Days on Market
129
Property Type
Single Family
HOA/mo
$420
MLS ID
PTP2605101
This property is in Oceanside (92057). Browse neighborhood analytics →
About This Property
Discover the potential in this home located within a desirable gated 55+ comunity, just minutes from the beach and neighboring Camp Pendleton. Offering a functional layout and a peaceful setting, this property is ready for your personal updates and improvements—a fantastic opportunity to create the home you've envisioned while building sweat equity. Enjoy the benefits of low-maintenance living in a secure, welcoming community with convenient access to shopping, dining, medical facilities. Whether you're downsizing, retiring, or looking for a coastal retreat to make your own, this home offers an exceptional combination of location, lifestyle, and value.
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Est. Monthly Payment
$4,097
Location
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Renovation math
Flagged Light Value-Add from the listing remarks — “sweat equity”.
- Asking now
- $540K
- Worth finished
- $727K
- Budget to renovate
- $187,018
$321/sqft
$433/sqft × 1,680 sqft
$111/sqft to spend
Comparable finished homes nearby suggest this is worth $727K once it's brought to par — about $187,018 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $3,902/mo
- Cashflow at that rent
- −$1,542/mo
$2.32/sqft × 1,680 sqft, median of 5 comps
cap rate 3.63%, DSCR 0.95
Heads up: the rent estimate elsewhere on this page ($3,945/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $3,902/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$3,945
Comp Average
$4,007
4518 Big Sur St
4bd / 3ba · 1,710 sqft · Single Family
$740K
Est. $4,526/mo
3621 Vista Campana
2bd / 2ba · 1,635 sqft · Single Family
$600K
Est. $3,767/mo
1683 Bronco
3bd / 2.5ba · 1,543 sqft · Single Family
$765K
Est. $3,939/mo
3747 Vista Campana
2bd / 2ba · 1,600 sqft · Single Family
$625K
Est. $3,685/mo
353 Franciscan
3bd / 2.5ba · 1,772 sqft · Single Family
$857K
Est. $4,116/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
15 leases of 2–4 bed houses within 1 mi · $3,720–$4,042
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,509/mo short at 20% down; 61% down or +$1,959/mo rent closes it.
- Break-even price
- $342,511
- Break-even rent
- $5,904/mo
- Cashflow at 35% down
- −$950/mo
- Down payment to break even
- 61%
- Rate to break even
- 1.40%
37% under asking
$1,959/mo above the estimate
$329,400 cash
at 20% down
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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