355 Islander St.

355 Islander St.

Ctop 80%

Oceanside, CA 92054

$1,324,000
NEW — 0d

Pass at asking: -$6,222/mo full cashflow at 20% down, 7.49% rate.

Works at $517,295 (61% under asking), or at 88% down.

Rent $5,182/mo from 9 leases of 3-bed houses within 2 mi ($4,759–$6,264).

Beds

3

Baths

2.5

Sqft

2,021

Year Built

1984

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026259SD

This property is in Oceanside (92054). View neighborhood stats →

About This Property

Come enjoy this beautifully remodeled Spanish Coastal home for sale! Located in the Sea Mesa neighborhood, approximately 1.5 miles from the Oceanside Pier, this bright and open floor plan features abundant natural light, privacy, and western views. Key Features: * 3 oversized bedrooms and an en-suite spa-like bathroom * Detached, fully built-out office space * Dedicated laundry/mudroom * Upgraded, solar-ready electrical panel * RV parking * Expansive 17,000 sq. ft. lot situated on the ridge of the neighborhood * Beautifully landscaped yard offering ultimate privacy and open western views from the backyard Every inch of this property has been thoughtfully renovated to deliver modern comfort and timeless coastal style. Come enjoy this beautifully remodeled Spanish Coastal home for sale! Located in the Sea Mesa neighborhood, approximately 1.5 miles from the Oceanside Pier, this bright and open floor plan features abundant natural light, privacy, and western views. Key Features: * 3 oversized bedrooms and an en-suite spa-like bathroom * Detached, fully built-out office space * Dedicated laundry/mudroom * Upgraded, solar-ready electrical panel * RV parking * Expansive 17,000 sq. ft. lot situated on the ridge of the neighborhood * Beautifully landscaped yard offering ultimate privacy and open western views from the backyard Every inch of this property has been thoughtfully renovated to deliver modern comfort and timeless coastal style.

Mortgage Calculator

Est. Monthly Payment

$9,109

Principal & Interest$7,399
Property Tax$1,324
Insurance$386
%($264,800)
%
Loan Term

Location

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Investment Score

13C
Est. Monthly Rent
$5,182

9 leases of 3-bed houses within 2 mi · $4,759–$6,264

Blended 50/50 with the zip's market median ($5,257)

Monthly Cashflow

Rent − PITIA

-$3,927
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,222

What would make this work?

$6,222/mo short at 20% down; 88% down or +$8,081/mo rent closes it.

Break-even price

61% under asking

$517,295
Break-even rent

$8,081/mo above the estimate

$13,263/mo
Cashflow at 35% down
−$4,835/mo
Down payment to break even

$1,165,120 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,399
Cap Rate
1.30%
Cash-on-Cash
-28.20%
DSCR

Need ≥ 1.25 for DSCR loan

0.57

NOI (Annual)
$17,231
Price-to-Rent

Lower = better for investors

21.3

* Modelled at 20% down, 7.49% 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−$6,222/mo