355 Cleveland Street Oceanside

355 Cleveland Street Oceanside

D

, CA 92054

$749,900

Beds

1

Baths

1

Sqft

771

Year Built

2020

Days on Market

43

Property Type

Condo

HOA/mo

$783

MLS ID

260001433SD

Description

Welcome To SALT. This distinctive condominium, just two blocks from the beach, has a light and airy open floor plan. Enjoy Ocean breezes and views from your private deck. European-style kitchen cabinets with quartz countertops and GE GAS appliances await you. The 5-year-old home has new window treatments, a new Samsung Full-Size Washer/Dryer, new carpet and pad, and new Closet Organizers in the walk-in closet. SALT is in the heart of Downtown Oceanside just 2 blocks from the pier and beach. Walkable to shopping, culinary venues, gastropubs, entertainment, and local events. The Amtrack Station is 3 blocks south. We have a 94% walkability rate! The amenities include a rooftop lounge, clubhouse, game area, fire-pit for gathering, BBQ grills, bike storage & repair shop, surfboard, beach gear storage & shower, sunset lanai, resident lounge, conference room, EV & bike charging stations. The parking structure is double gated for security. Living at SALT is like being on a perpetual vacation!

Mortgage Calculator

Est. Monthly Payment

$5,544

Principal & Interest$3,792
Property Tax$750
Insurance$219
HOA$783
%($149,980)
%

Investment Score

32D
Est. Monthly Rent

Market Rent Estimate

$5,159
Monthly Cashflow

Rent − PITI − HOA

$-385
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,196

Mortgage (P+I)
$3,792
Cap Rate
2.55%
Cash-on-Cash
-3.08%
DSCR
1.36
Break-even Rent
$5,544

NOI (Annual)
$19,147
Price-to-Rent

Lower = better for investors

12.1

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

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