3651 North Way
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3651 North Way

C

Oceanside, CA 92056

$585,000

Beds

2

Baths

1

Sqft

827

Year Built

1974

Days on Market

34

Property Type

Duplex

HOA/mo

$25

MLS ID

260009775SD

This property is in Oceanside (92056). View neighborhood stats →

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About This Property

Sparkling, fresh, move-in-ready. Looking for a “no projects“ home to enjoy? Just bring your clothes & your recipes and VOILA. New central HVAC. Dual Pane windows, French doors to patio with a view. New fencing, spotless, kitchen, crown, molding, new washer/dryer, new recessed lighting and ceiling fans. Literally nothing to change. Even the garage is super clean with lift motor. The view is out over the valley. In the winter, the sunroom is a pleasant retreat and generates organic warmth for the home from the sun. Costa Serena was founded on the premise that cooperation is key to the success of any group of people. Though there are CC&Rs, there is no HOA. It is rather an association of residence with a common goal of keeping a delightfully attractive 55+ community. With 696 homes this might’ve been quite a challenge, but the difference is in the people. You would be hard-pressed to find a neighborhood where individuals are more genuinely interested in helping each other. Turnover is very low and this is an opportunity to learn more about each family. You might find a homeowners association with dues in the $350 per month range that presented a lot of amenities. The question begs an answer – how often and how many of them will you use? Costa Serena has voluntary $25 per month dues, and operates solely with donations from its homeowners which are used to promote the interest of the community and maintain it senior status. Walking for exercise is a breeze on flats and hills. Come and enjoy life with us!

Mortgage Calculator

Est. Monthly Payment

$3,739

Principal & Interest$2,958
Property Tax$585
Insurance$171
HOA$25
%($117,000)
%

Location

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Investment Score

41C
Est. Monthly Rent
$2,494
Monthly Cashflow

Rent − PITIA

$-1,245
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,306

Mortgage (P+I)
$2,958
Cap Rate
1.34%
Cash-on-Cash
-23.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$5,489

NOI (Annual)
$7,823
Price-to-Rent

Lower = better for investors

19.5

* 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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