221 El Camino Real #3
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221 El Camino Real #3

Atop 10%

Oceanside, CA 92058Neighborhood: San Luis Rey

$249,000
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: -$239/mo full cashflow at 20% down, 7.36% rate.

Works at $217,771 (13% under asking), or at 34% down.

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

Beds

2

Baths

2

Sqft

1,248

Year Built

1974

Days on Market

142

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2606012

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

Virtual Tour

About This Property

Beautiful Beachy Home less than 5 miles from Pacific Ocean. 2bed/2bath 1248 sq ft. Located in a senior mobile home community this lovingly updated property checks all the boxes. Tasteful upgrades. Spacious rooms, light, bright, and cheerful with darling curb appeal. Newer vinyl plank flooring, dual pane windows (except for CA room) baseboard heating, plus some textured walls. 1 yr new A/C wall unit, new interior paint in some rooms, exterior trim painted 2 yrs ago. Ceiling fan in living room and separate family room could be used as a dining room or office. Nice CA room adds living space and offers flexible options. Charming kitchen offers plenty of cabinetry, gas stove, dishwasher, and garbage disposal. Low maintenance yard with sweet front porch. This home shows the pride of home ownership, has been meticulously maintained and it truly sparkles! The surrounding area provides grocery stores, restaurants, banks, post office, police and fire departments, and in just 2 miles you have the I-5 with easy access to San Diego or Orange County. Oceanside is an growing town and has delightful activities for all ages. The Pier, the Strand, the Harbor, Farmer's Market, Street Fairs and numerous consignment shops, eclectic coffee houses and breweries. Oceanside Terrace is pet friendly and people friendly. Social activities at the clubhouse include pot lucks, holidays, and game nights. Join the fun!!

Mortgage Calculator

Est. Monthly Payment

$1,695

Principal & Interest$1,374
Property Tax$249
Insurance$73
%($49,800)
%
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

89A
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

+$466
Full Cashflow

Incl. vacancy, PM, maint, capex

-$239

What would make this work?

$239/mo short at 20% down; 34% down or +$310/mo rent closes it.

Break-even price

13% under asking

$217,771
Break-even rent

$310/mo above the estimate

$2,472/mo
Cashflow at 35% down
+$19/mo
Down payment to break even

$84,660 cash

34%
Rate to break even

at 20% down

5.53%

Mortgage (P+I)
$1,374
Cap Rate
5.99%
Cash-on-Cash
-5.75%
DSCR
1.27

NOI (Annual)
$14,920
Price-to-Rent

Lower = better for investors

9.6

* 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−$239/mo