2028 Wedgewood Drive

Ctop 80%

Oceanside, CA 92056

$999,999

NEW — 0d

Pass at asking: -$4,308/mo full cashflow at 20% down, 7.43% rate.

Works at $439,155 (56% under asking), or at 83% down.

Rent $4,453/mo from 14 leases of 3-bed houses within 2 mi ($4,410–$4,993).

Beds

Baths

2.5

Sqft

1,938

Year Built

1989

Days on Market

Property Type

Single Family

HOA/mo

$56

MLS ID

SW26238665

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

About This Property

Perched on a private bluff with no rear neighbors, this light-filled 3BD/2.5BA home captures year-round coastal breezes and offers rare seclusion just minutes from local convenience. Located in Rancho del Oro, at the end of a cul-de-sac on a generous 8,000 sq. ft. lot, this home offers exceptional privacy and space. Twenty-six windows flood the interior with natural light, showcasing a recently remodeled kitchen and updated bathrooms with fresh, turnkey finishes. Step outside to a completely relandscaped botanical retreat designed for effortless indoor-outdoor living and entertaining. The grounds boast 16 fruit trees, 3 raised garden beds, and a dedicated outdoor utility sink for easy harvesting and garden prep. Three distinct patio spaces--highlighted by 2 shaded patio covers and a charming gazebo--provide endless options for dining al fresco or unwinding in total privacy. Move-in ready with exceptional outdoor living, this bluff-top sanctuary blends coastal comfort with a thriving backyard orchard.

Mortgage Calculator

Est. Monthly Payment

$6,903

Principal & Interest$5,555

Property Tax$1,000

Insurance$292

HOA$56

Down Payment

%($200,000)

Interest Rate

Loan Term

Location

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Comparable Properties

5 comps found

This Property

$4,453

Comp Average

$4,267

1861 Avenida Segovia

3bd / 2.5ba · 1,708 sqft · Single Family

$810K

Est. $3,993/mo

1267 Via Candelas

3bd / 2.5ba · 1,864 sqft · Single Family

$890K

Est. $4,090/mo

1851 Via Primero

4bd / 2.5ba · 1,847 sqft · Single Family

$949K

Est. $4,261/mo

3745 Scenic Way

3bd / 2.5ba · 1,915 sqft · Single Family

$1.02M

Est. $4,533/mo

6029 Patmos Way

3bd / 2.5ba · 2,022 sqft · Single Family

$1.29M

Est. $4,460/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

25C

Est. Monthly Rent

$4,453

14 leases of 3-bed houses within 2 mi · $4,410–$4,993

Blended 50/50 with the zip's market median ($4,116)

Monthly Cashflow

Rent − PITIA

-$2,450

Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,308

What would make this work?

$4,308/mo short at 20% down; 83% down or +$5,595/mo rent closes it.

Break-even price: $439,155
Break-even rent: $10,048/mo
Cashflow at 35% down: −$3,266/mo
Down payment to break even: 83%
Rate to break even: Not reachable

Mortgage (P+I)

$5,555

Cap Rate

1.76%

Cash-on-Cash

-25.85%

DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)

$17,642

Price-to-Rent

Lower = better for investors

18.7

* 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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CCashflow−$4,308/mo