355 North Cleveland Oceanside

355 North Cleveland Oceanside

D

, CA 92054

$1,205,400

Beds

2

Baths

2

Sqft

1,173

Year Built

2020

Days on Market

123

Property Type

Condo

HOA/mo

$1,042

MLS ID

240017735SD

Description

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

$8,694

Principal & Interest$6,095
Property Tax$1,205
Insurance$352
HOA$1,042
%($241,080)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$4,717
Monthly Cashflow

Rent − PITI − HOA

$-3,978
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,067

Mortgage (P+I)
$6,095
Cap Rate
0.03%
Cash-on-Cash
-19.80%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$8,695

NOI (Annual)
$338
Price-to-Rent

Lower = better for investors

21.3

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

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