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289 Reef Point #3

Ctop 80%

Oceanside, CA 92058Neighborhood: San Luis Rey

$679,000

STR closed · inland Oceanside

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$3,099/mo full cashflow at 20% down, 7.36% rate.

Works at $273,428 (60% under asking), or at 87% down.

Rent $3,305/mo from 13 leases of 2–4 bed condos & townhomes within 1 mi ($3,146–$3,411).

Beds

Baths

2.5

Sqft

1,410

Year Built

2006

Days on Market

174

Property Type

Townhouse

HOA/mo

$455

MLS ID

260012535SD

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

Virtual Tour

About This Property

Beautiful 3BD/2.5BA townhome with bright and open floor plan in highly sought-after Pelican Cove! Kitchen has an abundance of cabinets and counter space, granite counters, stainless steel appliances and breakfast area nook. Spacious primary suite easily fits a king size bed and offers dual closets plus plenty of additional closet space throughout the home. Features include central A/C, fireplace and extra large patio perfect for entertaining, BBQ and more. Oversize attached 2-car garage is convenient for additional storage and direct access to inside the townhome. Enjoy the coastal breezes and park-like setting with playground and green space. Prime Oceanside location near shopping, dining, and easy access to the beach and freeways.

Mortgage Calculator

Est. Monthly Payment

$5,078

Principal & Interest$3,746

Property Tax$679

Insurance$198

HOA$455

Down Payment

%($135,800)

Interest Rate

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.

Comparable Properties

5 comps found

This Property

$3,305

Comp Average

$3,313

4267 Arcata Bay

3bd / 2ba · 1,193 sqft · Condo

$500K

Est. $3,300/mo

625 Sumner Way

3bd / 2.5ba · 1,471 sqft · Townhouse

$645K

Est. $3,483/mo

4237 Half Moon Bay Way

3bd / 2ba · 1,147 sqft · Condo

$560K

Est. $3,059/mo

652 Kumquat Way

3bd / 2ba · 1,269 sqft · Condo

$590K

Est. $3,194/mo

293 Reef Point Way

4bd / 3ba · 1,569 sqft · Condo

$705K

Est. $3,528/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

33C

Est. Monthly Rent

$3,305

13 leases of 2–4 bed condos & townhomes within 1 mi · $3,146–$3,411

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,773

Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,099

What would make this work?

$3,099/mo short at 20% down; 87% down or +$4,025/mo rent closes it.

Break-even price: $273,428
Break-even rent: $7,330/mo
Cashflow at 35% down: −$2,397/mo
Down payment to break even: 87%
Rate to break even: Not reachable

Mortgage (P+I)

$3,746

Cap Rate

1.44%

Cash-on-Cash

-27.39%

DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)

$9,747

Price-to-Rent

Lower = better for investors

17.1

* 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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CCashflow−$3,099/mo