3531 Cameo Drive

3531 Cameo Drive

D

Oceanside, CA 92056

$699,900

Soft Appraisal Value: $692,300 · 1.1% above estimate

Beds

3

Baths

2

Sqft

1,297

Year Built

1992

Days on Market

12

Property Type

Condo

HOA/mo

$475

MLS ID

SR26034696

Description

Set within the highly sought-after, gated Palmilla Del Oro community, this beautifully updated Mediterranean-style condominium offers an exceptional blend of comfort, quality, and coastal convenience. The thoughtfully designed three-bedroom, two-bath home features a bright, open living environment enhanced by recessed lighting, dual-pane windows installed in 2022, and elegant travertine-style tile flooring throughout most of the space. The spacious living room invites relaxation with its warm fireplace and wood-like flooring, flowing seamlessly into the dining area and into a tastefully upgraded kitchen appointed with stone countertops, premium cabinetry, and stainless-steel appliances. Both bathrooms have been fully remodeled with custom stone surfaces, while classic six-panel doors add a refined architectural touch throughout the home. Enjoy indoor-outdoor living with two generous private patios, perfect for morning coffee or evening gatherings. Practical upgrades include a newer water heater installed in June 2025, a detached one-car garage, an additional designated parking space, and the added convenience of included kitchen appliances, refrigerator, and brand-new 2026 washer & dryer units. Water and trash collection service, as well as exterior maintenance and structural insurance, are included in the H.O.A. dues! Ideally located less than five miles from Oceanside’s beaches and harbor, and just moments from an impressive selection of dining and shopping destinations. This beautifully turnkey residence delivers a lifestyle of ease, style, and proximity that is increasingly rare to find!

Mortgage Calculator

Est. Monthly Payment

$4,918

Principal & Interest$3,539
Property Tax$700
Insurance$204
HOA$475
%($139,980)
%

Investment Score

8D
Est. Monthly Rent
$3,521
Monthly Cashflow

Rent − PITI − HOA

$-1,397
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,790

Mortgage (P+I)
$3,539
Cap Rate
1.28%
Cash-on-Cash
-11.98%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$4,918

NOI (Annual)
$8,988
Price-to-Rent

Lower = better for investors

16.6

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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