429 Garfield
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429 Garfield

D

Oceanside, CA 92054

$1,299,000
NEW — 0d

Soft Appraisal Value: $1,280,200 · 1.5% above estimate

Beds

3

Baths

2.5

Sqft

1,161

Year Built

1958

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260011611SD

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

About This Property

Major value-add opportunity. Existing home plus fully permitted garage ADU and plans in process for 2 additional units. Total property plan for four units: 1) Existing house 3 bed / 2.5 bath 2) Approved ADU 1 bed / 1 bath 3) Plans in process for two units a 3 bed / 3 bath & 4 bed / 4.5 bath Plans provide for 5 parking spaces off alley. Additionally existing home has had roof replaced, a 400 amp electrical panel permitted, new HVAC system, hydro-jetting of plumbing lines, and pre-paid capacity fees for water upgrades for ADU. Current master bath still needs a new vanity, toilet, and sink.

Mortgage Calculator

Est. Monthly Payment

$8,246

Principal & Interest$6,568
Property Tax$1,299
Insurance$379
%($259,800)
%

Location

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Investment Score

1D
Est. Monthly Rent
$3,662
Monthly Cashflow

Rent − PITIA

$-4,584
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,509

Mortgage (P+I)
$6,568
Cap Rate
0.05%
Cash-on-Cash
-30.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$12,116

NOI (Annual)
$711
Price-to-Rent

Lower = better for investors

29.6

* 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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