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203 Carissa
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203 Carissa

Btop 30%

Oceanside, CA 92057Neighborhood: San Luis Rey

$699,000
STR closed · inland Oceanside

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$2,901/mo full cashflow at 20% down, 7.36% rate.

Works at $319,393 (54% under asking), or at 81% down.

Rent $3,436/mo from 12 leases of 2–4 bed houses within 1 mi ($3,058–$3,465).

Beds

3

Baths

2

Sqft

1,100

Year Built

1985

Days on Market

76

Property Type

Single Family

HOA/mo

$205

MLS ID

260020877SD

This property is in Oceanside (92057). Browse neighborhood analytics →

Virtual Tour

About This Property

WOW!! CHECK OUT THE $40,000 PROCE REDUCTION! Resort-Style Living at 203 Carissa Drive! This detached, single-story 3-bedroom, 2-bath home sits on a desirable corner lot in a peaceful community featuring a resort-style pool, walking trails, and beautiful green space. Inside, enjoy vaulted ceilings, a fireplace, direct-access 2-car garage, and an approximately 80 sq. ft. sunroom overlooking the backyard. Freshly painted inside and out and move-in ready! Just 10–15 minutes from Downtown Oceanside, the Pier, beaches, dining, and entertainment. Enjoy the best of relaxed coastal living!

Mortgage Calculator

Est. Monthly Payment

$4,964

Principal & Interest$3,857
Property Tax$699
Insurance$204
HOA$205
%($139,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Del Rio Elementary · grades K-5 · Oceanside Unified

  • Middle

    Cesar Chavez Middle · grades 6-8 · Oceanside Unified

  • High

    El Camino High · grades 9-12 · Oceanside Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$3,436

vs

Comp Average

$3,334

355 Calle Mariposa

355 Calle Mariposa

3bd / 2ba · 1,055 sqft · Single Family

$625K

Est. $3,338/mo

4932 Verde Drive

4932 Verde Drive

3bd / 2ba · 988 sqft · Single Family

$675K

Est. $3,544/mo

4362 Dowitcher Way

4362 Dowitcher Way

2bd / 2ba · 1,056 sqft · Single Family

$539K

Est. $2,997/mo

630 Ann Street

630 Ann Street

3bd / 2ba · 1,074 sqft · Single Family

$800K

Est. $3,316/mo

722 Isidore Street

722 Isidore Street

3bd / 2ba · 1,210 sqft · Single Family

$848K

Est. $3,473/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

40B
Est. Monthly Rent
$3,436

12 leases of 2–4 bed houses within 1 mi · $3,058–$3,465

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,529
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,901

What would make this work?

$2,901/mo short at 20% down; 81% down or +$3,768/mo rent closes it.

Break-even price

54% under asking

$319,393
Break-even rent

$3,768/mo above the estimate

$7,204/mo
Cashflow at 35% down
−$2,178/mo
Down payment to break even

$566,190 cash

81%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$3,857
Cap Rate
1.93%
Cash-on-Cash
-24.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
NOI (Annual)
$13,524
Price-to-Rent

Lower = better for investors

17.0

* 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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BCashflow−$2,901/mo