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4226 La Pinata Way #227

Btop 30%

Oceanside, CA 92057Neighborhood: San Luis Rey

$535,000

STR closed · inland Oceanside

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$2,249/mo full cashflow at 20% down, 7.36% rate.

Works at $240,680 (55% under asking), or at 81% down.

Rent $2,969/mo from 13 leases of 1–3 bed condos & townhomes within 1 mi ($2,878–$3,198).

Beds

Baths

Sqft

1,152

Year Built

1987

Days on Market

Property Type

Condo

HOA/mo

$447

MLS ID

NDP2607320

This property is in Oceanside (92057). Browse neighborhood analytics →

Virtual Tour

About This Property

Priced reduced! Quail Ridge beauty! Panoramic views of the valley, historic San Luis Rey Mission and glimpses of the ocean approx. 4 miles away. Generous size bedrooms, full baths, walk in closet, updated kitchen with black granite deep sink, countertops, newer cabinets, bathroom were updated, new windows throughout. New Water Heater. 1 car garage with ample storage and a designated parking spot. This is a well maintained community and easy commuting. Community includes two pool with changing rooms, clubhouse, a walking nature trail between the complexes. 3 Elementary schools within 2.5 miles ( Ivey Ranch, Nichols, and Empressa). The complex has no balcony related issues an good financials offering additional peace of mind!

Mortgage Calculator

Est. Monthly Payment

$4,090

Principal & Interest$2,952

Property Tax$535

Insurance$156

HOA$447

Down Payment

%($107,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Ivey Ranch Elementary · grades K-5 · Oceanside Unified
Middle
Martin Luther King Jr. Middle · grades 6-8 · Oceanside Unified
High
El Camino High · grades 9-12 · Oceanside Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$2,969

Comp Average

$3,156

289 Stage Coach Rd

2bd / 2ba · 1,186 sqft · Condo

$449K

Est. $3,363/mo

718 Buena Tierra Way

2bd / 2.5ba · 1,210 sqft · Condo

$515K

Est. $3,102/mo

4240 Fiesta

2bd / 2.5ba · 1,224 sqft · Condo

$555K

Est. $3,146/mo

4262 Mesa Vista Way

2bd / 2.5ba · 1,224 sqft · Condo

$599K

Est. $3,157/mo

4432 Skimmer Way

2bd / 2ba · 1,092 sqft · Condo

$579K

Est. $3,014/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules

Investment Score

47B

Est. Monthly Rent

$2,969

13 leases of 1–3 bed condos & townhomes within 1 mi · $2,878–$3,198

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,121

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,249

What would make this work?

$2,249/mo short at 20% down; 81% down or +$2,921/mo rent closes it.

Break-even price: $240,680
Break-even rent: $5,890/mo
Cashflow at 35% down: −$1,696/mo
Down payment to break even: 81%
Rate to break even: Not reachable

Mortgage (P+I)

$2,952

Cap Rate

1.91%

Cash-on-Cash

-25.23%

DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)

$10,209

Price-to-Rent

Lower = better for investors

15.0

* Modelled at 20% down, 7.36% 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.

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BCashflow−$2,249/mo