355 Cleveland Street

355 Cleveland Street

D

Oceanside, CA 92054

$1,246,400
NEW — 1d on market

Beds

2

Baths

2

Sqft

1,173

Year Built

2020

Days on Market

1

Property Type

Condo

HOA/mo

$1,041

MLS ID

260007356SD

Description

Welcome to coastal living at its finest in the desirable neighborhood of downtown Oceanside. This 6-year-old two-bedroom, two-bath home boasts an abundance of natural light through floor-to-ceiling windows and an open floor plan. The kitchen has quartz countertops, white European cabinets, gas cooking, and a refrigerator. All cooking appliances have a 2-year warranty. The home comes with new window treatments, a new full-size Samsung washer/dryer, new carpet and pad, and a custom new closet organizer in the walk-in closet. The home is within walking distance of shops, restaurants, a train station, gastropubs, and the pier. You are in the heart of downtown Oceanside! Home is empty and ready for immediate occupancy. The developer will do a courtesy walk-through with the buyers.

Mortgage Calculator

Est. Monthly Payment

$8,953

Principal & Interest$6,302
Property Tax$1,246
Insurance$364
HOA$1,041
%($249,280)
%

Investment Score

0D
Est. Monthly Rent
$3,590
Monthly Cashflow

Rent − PITI − HOA

$-5,364
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,228

Mortgage (P+I)
$6,302
Cap Rate
-0.89%
Cash-on-Cash
-34.80%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.40
Break-even Rent
$12,977

NOI (Annual)
$-11,109
Price-to-Rent

Lower = better for investors

28.9

* 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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