221 El Camino Real #52
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221 El Camino Real #52

Atop 10%

Oceanside, CA 92058Neighborhood: San Luis Rey

$279,000
STR closed · inland Oceanside

2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$467/mo full cashflow at 20% down, 7.36% rate.

Works at $217,771 (22% under asking), or at 45% down.

Rent $2,162/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,173

Year Built

1973

Days on Market

172

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2604659

This property is in Oceanside (92058). Browse neighborhood analytics →

Virtual Tour

About This Property

EXCELLENT OPPORTUNITY to reside 4 miles from the BEACH, for a very affordable price. This charming 2bed/2bath located in a 55+ land-leased community has been tastefully updated and has NO PROPERTY TAX. In addition, this lot has low space rent and is on RENT CONTROL. Win - Win! This darling home even has a "white picket fence" in the front and down one side. Enjoy the ocean breezes on the expansive covered front deck. Bright, cheerful and spacious rooms with delightful features. Dual pane windows, lovely laminate flooring in living and dining areas. Freshly painted interior walls, closets galore - coat, linen, broom, pantry. Nice stainless steel refrigerator with bottom freezer, gas cooktop, ample countertop space, recessed lights in kitchen ceiling. Both bathrooms are stylish with new vanities, faucets, and lighting plus double sinks in primary bathroom. Primary bedroom has a walk-in closet and the guest bedroom has mirrored closest doors. The sweet dining area comes with a lovely built-in china cabinet. Central A/C. 2 sheds. Fantastic paved patio area for your outdoor furniture and plenty of room to garden if you so desire. Otherwise, the rock landscaping is low maintenance and you will enjoy the fabulous possibilities. This small, pet friendly community has a wonderful clubhouse, pool, and social activities. Nearby are shopping centers with groceries stores, post office, restaurants, police and fire stations, planet fitness, starbucks and banks. Just a little further you will enjoy the scenic Oceanside Harbor, the Pier, the Strand, awesome beaches, eclectic shops and coffee houses, craft breweries and Farmer's Market, Street Fairs and year-round activites for you and your families. Oceanside is the place to be!

Mortgage Calculator

Est. Monthly Payment

$1,900

Principal & Interest$1,539
Property Tax$279
Insurance$81
%($55,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Louise Foussat Elementary · grades K-5 · Oceanside Unified

  • Middle

    Jefferson Middle · grades 6-8 · Oceanside Unified

  • High

    Oceanside 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.

Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules

Investment Score

84A
Est. Monthly Rent
$2,162

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$263
Full Cashflow

Incl. vacancy, PM, maint, capex

-$467

What would make this work?

$467/mo short at 20% down; 45% down or +$607/mo rent closes it.

Break-even price

22% under asking

$217,771
Break-even rent

$607/mo above the estimate

$2,769/mo
Cashflow at 35% down
−$178/mo
Down payment to break even

$125,550 cash

45%
Rate to break even

at 20% down

4.05%

Mortgage (P+I)
$1,539
Cap Rate
5.08%
Cash-on-Cash
-10.04%
DSCR

Need ≥ 1.25 for DSCR loan

1.14

NOI (Annual)
$14,164
Price-to-Rent

Lower = better for investors

10.8

* 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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ACashflow−$467/mo