3505 Cameo Drive

Ctop 80%

Oceanside, CA 92056Neighborhood: Mira Costa

$599,000

NEW — 0d

STR closed · inland Oceanside

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$2,862/mo full cashflow at 20% down, 7.36% rate.

Works at $224,571 (63% under asking), or at 90% down.

Rent $2,852/mo from 9 leases of 2-bed condos & townhomes within 2 mi ($2,523–$3,027).

Beds

Baths

Sqft

1,008

Year Built

1992

Days on Market

Property Type

Condo

HOA/mo

$480

MLS ID

219156040DA

This property is in Oceanside (92056). View neighborhood stats →

About This Property

Welcome to beautiful Palmilla Del Oro, a quiet, gated community tucked away in a private and convenient location in North County. All downstairs 2 bedrooms, 2 bathrooms plus 2 private patios. Central A/C, newer tile floors throughout the majority of the condo, remodeled kitchen with beautiful quartz countertops, stainless steel double sink, newer appliances including a gas stove/oven. Kitchen cabinets have been redone. Dual pane windows throughout. Newer toilets in both bathrooms. One car garage, plus one additional assigned parking space. In-unit washer and dryer. Quiet setting and a very short walk to the pool area. A short drive to highways 78 and 76 which take you to the beach within a few minutes. Shopping and dining conveniently closed by.

Mortgage Calculator

Est. Monthly Payment

$4,559

Principal & Interest$3,305

Property Tax$599

Insurance$175

HOA$480

Down Payment

%($119,800)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Christa McAuliffe 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.

Comparable Properties

5 comps found

This Property

$2,852

Comp Average

$3,072

3564 Paseo De Los Californianos

2bd / 2ba · 1,093 sqft · Condo

$550K

Est. $3,066/mo

3511 Cameo Drive

2bd / 2ba · 1,008 sqft · Condo

$584K

Est. $3,147/mo

3614 Harvard Drive

2bd / 1.5ba · 1,178 sqft · Townhouse

$568K

Est. $3,067/mo

3555 Cameo Drive

2bd / 2ba · 1,008 sqft · Condo

$585K

Est. $3,123/mo

4714 Majorca Way

2bd / 2ba · 993 sqft · Condo

$799K

Est. $2,957/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

$2,852

9 leases of 2-bed condos & townhomes within 2 mi · $2,523–$3,027

Blended 50/50 with the zip's market median ($3,014)

Monthly Cashflow

Rent − PITIA

-$1,707

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,862

What would make this work?

$2,862/mo short at 20% down; 90% down or +$3,717/mo rent closes it.

Break-even price: $224,571
Break-even rent: $6,569/mo
Cashflow at 35% down: −$2,242/mo
Down payment to break even: 90%
Rate to break even: Not reachable

Mortgage (P+I)

$3,305

Cap Rate

1.17%

Cash-on-Cash

-28.67%

DSCR

Need ≥ 1.25 for DSCR loan

0.63

NOI (Annual)

$7,026

Price-to-Rent

Lower = better for investors

17.5

* 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.

Open Full Calculator

CCashflow−$2,862/mo