3721 Magellan Circle Oceanside

3721 Magellan Circle Oceanside

D

, CA 92056

$645,000
NEW — 3d on market

Beds

2

Baths

1

Sqft

1,104

Year Built

1972

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2601657

Description

This Costa Serena home sits on a quiet cul de sac off of a cul de sac, with a nice yard and beautiful bright sun room. The interior has been newly remodeled with updates including new flooring throughout. New modern kitchen cabinets extend to ceiling and surround refridgerator with extra counter space added on both sides. Perfect for your coffee maker or... The sunroom features a vaulted open beam ceiling and a gas fireplace adds to the coziness. Access the backyard directly from the sunroom. The enclosed patio/sunroom IS permitted as an enclosed wooden patio. See attached permit. One bedroom closet has been converted to a laundry closet, but can be changed back to a standard closet. Costa Serena is conveniently located off of the 78 fwy near Tri City Hospital, Mira Costa College, shopping, dining and within 5 miles of the beach. HOA is an architectural committee, no required monthly dues. ***Buyer to confirm all square footage, (numbers given are an estimate) Buyer to contact city for any clarification of permit***

Mortgage Calculator

Est. Monthly Payment

$4,095

Principal & Interest$3,261
Property Tax$645
Insurance$188
%($129,000)
%

Investment Score

7D
Est. Monthly Rent

Market Rent Estimate

$2,641
Monthly Cashflow

Rent − PITI − HOA

$-1,453
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,598

Mortgage (P+I)
$3,261
Cap Rate
1.23%
Cash-on-Cash
-13.52%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.81
Break-even Rent
$4,094

NOI (Annual)
$7,957
Price-to-Rent

Lower = better for investors

20.4

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

Get Expert AnalysisOpen Full Calculator