1517 Redbud
Ctop 80%Oceanside, CA 92056
Pass at asking: -$3,531/mo full cashflow at 20% down, 7.43% rate.
Works at $339,264 (58% under asking), or at 84% down.
Rent $3,862/mo from 8 leases of 3-bed condos & townhomes within 2 mi ($3,803–$4,335).
Beds
3
Baths
3.5
Sqft
1,725
Year Built
2022
Days on Market
0
Property Type
Condo
HOA/mo
$368
MLS ID
IV26238906
This property is in Oceanside (92056). View neighborhood stats →
About This Property
Three story corner unit is located in the desirable community of Melrose Heights. This spacious 3 bedroom 3.5 bath home with every bedroom features its own private en suite bathroom plus an additional half bath in the main living area. The main floor offers a modern open floor plan layout seamlessly integrates the cooking dining and living spaces with the laundry room half bath and a balcony designed for both functionality and for entertaining. Melrose Community resort style amenities include swimming pool, spa, BBQ areas fire pit, playground walking areas. The garage has 220 washer dryer hook up and This home comes with Paid Solar
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Est. Monthly Payment
$5,839
Location
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Comparable Properties
5 comps foundThis Property
$3,862
Comp Average
$4,001
1836 Red Willow Way
3bd / 3ba · 1,618 sqft · Condo
$745K
Est. $4,168/mo
1164 Via Lucero
4bd / 3.5ba · 1,824 sqft · Townhouse
$775K
Est. $4,083/mo
3517 Cameo
3bd / 2ba · 1,297 sqft · Condo
$699K
Est. $3,643/mo
1525 Fig Tree Way
3bd / 3.5ba · 1,725 sqft · Condo
$800K
Est. $3,862/mo
1724 Valley Oak Way
4bd / 2.5ba · 2,143 sqft · Condo
$869K
Est. $4,247/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 3-bed condos & townhomes within 2 mi · $3,803–$4,335
Blended 50/50 with the zip's market median ($3,685)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,531/mo short at 20% down; 84% down or +$4,586/mo rent closes it.
- Break-even price
- $339,264
- Break-even rent
- $8,448/mo
- Cashflow at 35% down
- −$2,699/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
58% under asking
$4,586/mo above the estimate
$671,160 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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