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4700 Merida Way
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4700 Merida Way

Ctop 80%

Oceanside, CA 92057Neighborhood: North Valley

$686,300
STR closed · inland Oceanside

3 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$3,105/mo full cashflow at 20% down, 7.36% rate.

Works at $279,946 (59% under asking), or at 86% down.

Rent $3,188/mo from 12 leases of 2-bed condos & townhomes within 1 mi ($2,866–$3,256).

Beds

2

Baths

2.5

Sqft

1,215

Year Built

2026

Days on Market

150

Property Type

Condo

HOA/mo

$315

MLS ID

OC26128241

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

About This Property

Brand new, energy-efficient home available by Dec 2026! Now selling! Introducing Pacifica, a new Oceanside, CA community of energy-efficient townhomes priced from the high $600,000s with NO MELLO-ROOS. Each home features Whirlpool® appliances including refrigerator & W/D, whole-home blinds, and 60-day quick-close timelines. Designer-curated finishes, smart home technology, and amenities including pickleball courts, dog park, playgrounds, and BBQ areas—all designed for a vibrant coastal lifestyle. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

Mortgage Calculator

Est. Monthly Payment

$4,988

Principal & Interest$3,786
Property Tax$686
Insurance$200
HOA$315
%($137,260)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Libby Elementary · grades K-5 · Oceanside Unified

  • Middle

    Cesar Chavez 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

$3,188

vs

Comp Average

$3,102

718 Buena Tierra Way

718 Buena Tierra Way

2bd / 2.5ba · 1,210 sqft · Condo

$515K

Est. $3,102/mo

4240 Fiesta

4240 Fiesta

2bd / 2.5ba · 1,224 sqft · Condo

$555K

Est. $3,146/mo

5080 Tranquil Way

5080 Tranquil Way

2bd / 2.5ba · 1,132 sqft · Condo

$585K

Est. $3,158/mo

4262 Mesa Vista Way

4262 Mesa Vista Way

2bd / 2.5ba · 1,224 sqft · Condo

$599K

Est. $3,157/mo

4702 Merida Way

4702 Merida Way

2bd / 2.5ba · 1,215 sqft · Townhouse

$659K

Est. $2,945/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

34C
Est. Monthly Rent
$3,188

12 leases of 2-bed condos & townhomes within 1 mi · $2,866–$3,256

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,800
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,105

What would make this work?

$3,105/mo short at 20% down; 86% down or +$4,032/mo rent closes it.

Break-even price

59% under asking

$279,946
Break-even rent

$4,032/mo above the estimate

$7,220/mo
Cashflow at 35% down
−$2,395/mo
Down payment to break even

$590,218 cash

86%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$3,786
Cap Rate
1.47%
Cash-on-Cash
-27.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.64
NOI (Annual)
$10,091
Price-to-Rent

Lower = better for investors

17.9

* 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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CCashflow−$3,105/mo