3517 Cameo #87
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3517 Cameo #87

Btop 30%

Oceanside, CA 92056Neighborhood: Mira Costa

$699,000
STR closed · inland Oceanside

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 7, 2026.

Pass at asking: -$3,039/mo full cashflow at 20% down, 7.43% rate.

Works at $303,429 (57% under asking), or at 83% down.

Rent $3,643/mo from 9 leases of 3-bed condos & townhomes within 2 mi ($3,364–$3,911).

Beds

3

Baths

2

Sqft

1,297

Year Built

1992

Days on Market

45

Property Type

Condo

HOA/mo

$475

MLS ID

260023183SD

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

Virtual Tour

About This Property

Step into light-filled living in the highly sought-after gated community of Palmilla Del Oro. This rare three-bedroom, two-bathroom upper-level condominium feels incredibly airy, with soaring volume ceilings and a single-level layout that flows effortlessly from one space to the next. Natural sunlight pours across the wood flooring, highlighting a generous living room that transitions seamlessly into a formal dining area. The updated kitchen is a delight, offering ample prep space and storage. It opens into a cozy breakfast nook and leads directly out to one of two private balconies—perfect for enjoying a morning coffee in the fresh air. The primary suite serves as a true retreat, complete with a spacious walk-in closet and an en-suite bathroom featuring a dual-sink vanity and a large step-in shower. Practicality meets style with a detached one-car garage providing plenty of extra storage, plus an additional dedicated parking space. The Palmilla Del Oro community is meticulously maintained, offering residents access to a sparkling pool, spa, and play area. Situated in a prime Oceanside location, you’re just minutes from the beach and surrounded by local dining and shopping favorites. This is a standout opportunity not to be missed.

Mortgage Calculator

Est. Monthly Payment

$5,261

Principal & Interest$3,883
Property Tax$699
Insurance$204
HOA$475
%($139,800)
%
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.

Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules

Investment Score

37B
Est. Monthly Rent
$3,643

9 leases of 3-bed condos & townhomes within 2 mi · $3,364–$3,911

Blended 50/50 with the zip's market median ($3,685)

Monthly Cashflow

Rent − PITIA

-$1,618
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,039

What would make this work?

$3,039/mo short at 20% down; 83% down or +$3,946/mo rent closes it.

Break-even price

57% under asking

$303,429
Break-even rent

$3,946/mo above the estimate

$7,589/mo
Cashflow at 35% down
−$2,311/mo
Down payment to break even

$580,170 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,883
Cap Rate
1.76%
Cash-on-Cash
-26.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$12,321
Price-to-Rent

Lower = better for investors

16.0

* 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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BCashflow−$3,039/mo