227 Bluebird Lane
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227 Bluebird Lane

Atop 10%

Oceanside, CA 92057Neighborhood: San Luis Rey

$274,500

Pass at asking: -$481/mo full cashflow at 20% down, 7.36% rate.

Works at $211,521 (23% under asking), or at 46% down.

Rent $2,340/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

960

Year Built

1978

Days on Market

86

Property Type

Manufactured

HOA/mo

$185

MLS ID

ND26179656

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

About This Property

**NEW PRICE**Own Your Own Land and Home*Land is on Annual Property Tax and Home is an Annual HCD Registration**Wonderful 55+ Gated Community in the Beautiful City of Oceanside**Located about 6 Miles for the Coast**Ride Your Bike along the Biking Trail at the San Luis Rey River to the Oceanside Harbor and Beach**Low HOA Fees of $185 per Month (Includes Water, Sewer, Trash)**NO SPACE RENT**Nicely Maintained 2 Bedroom/2 Bath Home**Nice Size Kitchen**Separate Laundry Area Room**Great Size Primary Closet**Wonderful Living Room for Family Gatherings**This is an Active Community with a lot of Activities for Everyone to Meet and Socialize**The Community Features a Clubhouse with a Library, Fitness Room, Shuffle Ball Court, Banquet/Card Room, Basketball Hoop, Hobby Room, Kitchen, Car Wash, RV/Boat Parking(subject to availability), and so much more**Shopping Nearby**Restaurants**Medical Offices**NO PET PARK (only Service Animals Allowed)**Come see this home...It won't last long**

Mortgage Calculator

Est. Monthly Payment

$2,054

Principal & Interest$1,514
Property Tax$275
Insurance$80
HOA$185
%($54,900)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Nichols Elementary · grades K-5 · Oceanside Unified

  • Middle

    Martin Luther King Jr. 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.

Investment Score

83A
Est. Monthly Rent
$2,340

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$286
Full Cashflow

Incl. vacancy, PM, maint, capex

-$481

What would make this work?

$481/mo short at 20% down; 46% down or +$625/mo rent closes it.

Break-even price

23% under asking

$211,521
Break-even rent

$625/mo above the estimate

$2,965/mo
Cashflow at 35% down
−$197/mo
Down payment to break even

$126,270 cash

46%
Rate to break even

at 20% down

3.88%

Mortgage (P+I)
$1,514
Cap Rate
5.03%
Cash-on-Cash
-10.51%
DSCR

Need ≥ 1.25 for DSCR loan

1.14

NOI (Annual)
$13,807
Price-to-Rent

Lower = better for investors

9.8

* 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−$481/mo