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1603 Laurelwood
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1603 Laurelwood

D

Oceanside, CA 92056

$1,125,000

Soft Appraisal Value: $1,114,700 · 0.9% above estimate

Beds

4

Baths

3

Sqft

2,256

Year Built

2023

Days on Market

92

Property Type

Single Family

HOA/mo

$190

MLS ID

OC26029455

This property is in Oceanside (92056). View neighborhood stats →

Virtual Tour

About This Property

Welcome to 1603 Laurelwood Way in Oceanside — a beautifully maintained home that shows pride of ownership inside and out. The exterior features a double driveway with an extended unistone side patio for additional parking, immaculate paint, an arched entry, vinyl fencing, and low-maintenance landscaping framed by palm trees, giving it a true California feel. The backyard is designed for both relaxation and entertaining, featuring a large concrete patio, a decorative pergola with an adjustable roof, a gas BBQ hookup, a fire pit area, a fully turfed yard, and generous side yard space ideal for playsets or pets. Paid solar keeps energy costs low, and the home is equipped with a Ring security system and a Honeywell smart thermostat.Inside, the home features 9-foot ceilings, whitewashed laminate flooring, modern paint, California shutters, and upgraded doors and hardware throughout. The open-concept main level includes a bright kitchen with quartz countertops, a large island, white raised-panel cabinetry, crown molding, under-cabinet lighting, Samsung appliances, and an 8-foot sliding door that connects seamlessly to the backyard. A full bedroom and bath on the main level offer flexibility for guests or a home office. Upstairs, you’ll find a spacious loft area, a beautifully appointed primary suite with dual vanities, soaking tub, separate shower, and custom walk-in closet, along with two additional bedrooms, an upgraded hall bath, and a convenient laundry room with built-in cabinetry. The HOA includes access to a resort-style pool, picnic areas, playgrounds, and community gathering spaces. **Note the paid solar electric panels**

Mortgage Calculator

Est. Monthly Payment

$7,332

Principal & Interest$5,689
Property Tax$1,125
Insurance$328
HOA$190
%($225,000)
%

Location

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Investment Score

20D
Est. Monthly Rent
$4,983
Monthly Cashflow

Rent − PITIA

$-2,349
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,432

Mortgage (P+I)
$5,689
Cap Rate
1.34%
Cash-on-Cash
-23.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$10,739

NOI (Annual)
$15,077
Price-to-Rent

Lower = better for investors

18.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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