2432 Sarbonne Drive
Atop 10%Oceanside, CA 92054
Pass at asking: -$2,542/mo full cashflow at 20% down, 7.43% rate.
Works at $543,937 (38% under asking), or at 62% down.
Rent $5,426/mo from 20 leases of 3–5 bed houses within 2 mi ($4,256–$5,575).
Beds
4
Baths
2
Sqft
1,569
Year Built
1961
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2610175
This property is in Oceanside (92054). View neighborhood stats →
About This Property
Priced well below its 2026 appraised value to reflect needed foundation work. This single-level 1961 home in the Skylark Terrace tract of Fire Mountain has 4 bedrooms, 3 full baths and 1,569 sq ft per appraisal, on a 7,500 sq ft lot backing to a green hillside. Inside: tile floors in the main living areas, a gas fireplace, and a kitchen with cherry-tone cabinets, stone counters, an island and a stainless gas range. A bonus room opens through a slider to the covered patio. Bedrooms have carpet or wood-look flooring. Long concrete driveway and attached 2-car garage with laundry. The home is dated, has no A/C, and the slab needs stabilization. A foundation repair proposal, pest report and home inspection are available. A strong fit for an owner-occupant using FHA 203(k), Fannie Mae HomeStyle or Freddie Mac CHOICERenovation financing to buy and renovate with one loan. Seller is open to offers.
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Est. Monthly Payment
$5,991
Location
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Comparable Properties
5 comps foundThis Property
$5,426
Comp Average
$4,784
2250 Oceanside Blvd
3bd / 2ba · 1,188 sqft · Single Family
$849K
Est. $4,671/mo
3245 Carolyn Dr
4bd / 2ba · 1,912 sqft · Single Family
$991K
Est. $4,837/mo
133 Cregar Street
3bd / 2ba · 1,456 sqft · Single Family
$949K
Est. $4,319/mo
913 Vine Street
3bd / 2.5ba · 1,460 sqft · Single Family
$1.10M
Est. $4,910/mo
1639 Mountain View Avenue
5bd / 2ba · 1,522 sqft · Single Family
$1.35M
Est. $5,183/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
20 leases of 3–5 bed houses within 2 mi · $4,256–$5,575
Blended 50/50 with the zip's market median ($6,177)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,542/mo short at 20% down; 62% down or +$3,301/mo rent closes it.
- Break-even price
- $543,937
- Break-even rent
- $8,727/mo
- Cashflow at 35% down
- −$1,631/mo
- Down payment to break even
- 62%
- Rate to break even
- 1.21%
38% under asking
$3,301/mo above the estimate
$542,500 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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