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355 North Cleveland

355 North Cleveland

C

Oceanside, CA 92054

$1,195,000

Soft Appraisal Value: $1,245,000 · 4.0% below estimate

Beds

2

Baths

2

Sqft

1,173

Year Built

2020

Days on Market

37

Property Type

Condo

HOA/mo

$1,042

MLS ID

240017735SD

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

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About This Property

Distinctive condominium just two blocks from the iconic Oceanside pier. This home is light and airy, with floor-to-ceiling windows in the family room. Enjoy Ocean breezes and views from your private deck. European-style cabinets with quartz countertops and GE Gas appliances await you. This 4-year-old home has new window treatments, a new Samsung Full-Size Washer/Dryer, new carpet and pad, and new closet organizers in the primary walk-in closet. SALT Beach Condos is in the heart of Downtown Oceanside. Walkable to abundant shopping, culinary venues, gastropubs, entertainment, and the Amtrak Train Station.

Mortgage Calculator

Est. Monthly Payment

$8,628

Principal & Interest$6,043
Property Tax$1,195
Insurance$349
HOA$1,042
%($239,000)
%

Location

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Investment Score

4D
Est. Monthly Rent
$5,147
Monthly Cashflow

Rent − PITIA

$-3,482
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,661

Mortgage (P+I)
$6,043
Cap Rate
0.38%
Cash-on-Cash
-28.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$12,499

NOI (Annual)
$4,576
Price-to-Rent

Lower = better for investors

19.3

* 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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