4932 Colusa Drive
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4932 Colusa Drive

Ctop 80%

Oceanside, CA 92056Neighborhood: Ocean Hills

$1,075,000
NEW — 0d
STR closed · inland Oceanside

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$4,562/mo full cashflow at 20% down, 7.36% rate.

Works at $478,172 (56% under asking), or at 82% down.

Rent $4,979/mo from 9 leases of 4-bed houses within 2 mi ($5,213–$5,477).

Beds

4

Baths

2.5

Sqft

2,680

Year Built

1990

Days on Market

0

Property Type

Single Family

HOA/mo

$180

MLS ID

NDP2610176

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

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About This Property

EXCEPTIONAL VALUE! YOUR OPPORTUNITY TO CREATE SOMETHING SPECIAL IN ONE OF OCEANSIDE'S DESIRABLE GATED COMMUNITIES! Why pay a premium for someone else's upgrades when you can create your dream home exactly the way YOU want it? This spacious home is attractively priced to stand out from the competition and presents an outstanding opportunity for buyers who recognize value and potential. Here's what makes this home different: Rather than spending money on inexpensive, builder-grade renovations that may not suit the next owner's taste, the seller has made a thoughtful decision: complete several important improvements, price the property competitively, and leave the fun part—choosing the finishes—to YOU! This home has lots of natural light, high ceilings and a terrific floor plan; it has benefited from numerous recent improvements, including fresh interior paint, new carpeting, new garage door openers, a newly constructed retaining wall, and plumbing updates, new toilets, including new valves and angle stops throughout. The house is ready for your personal touch. Imagine designing your ideal kitchen, selecting beautiful countertops and cabinetry. EVEN BETTER! The seller has taken much of the guesswork out of planning future improvements by obtaining estimates from trusted contractors for a variety of upgrades, including new windows, air conditioning, flooring, and more. Prefer luxury vinyl plank flooring? Tile? Choose what works best for your vision and budget! Quiet gated community, generous living space, and access to highly regarded schools. THE BOTTOM LINE: A spacious home with meaningful recent improvements, attractive pricing compared to renovated alternatives, and the freedom to make it your own.

Mortgage Calculator

Est. Monthly Payment

$7,500

Principal & Interest$5,931
Property Tax$1,075
Insurance$314
HOA$180
%($215,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Lake Elementary · grades K-5 · Vista Unified

  • Middle

    Madison Middle · grades 6-8 · Vista Unified

  • High

    Rancho Buena Vista High · grades 9-12 · Vista Unified

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

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

Investment Score

22C
Est. Monthly Rent
$4,979

9 leases of 4-bed houses within 2 mi · $5,213–$5,477

Blended 50/50 with the zip's market median ($4,573)

Monthly Cashflow

Rent − PITIA

-$2,521
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,562

What would make this work?

$4,562/mo short at 20% down; 82% down or +$5,925/mo rent closes it.

Break-even price

56% under asking

$478,172
Break-even rent

$5,925/mo above the estimate

$10,904/mo
Cashflow at 35% down
−$3,450/mo
Down payment to break even

$881,500 cash

82%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,931
Cap Rate
1.81%
Cash-on-Cash
-25.46%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$19,415
Price-to-Rent

Lower = better for investors

18.0

* 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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CCashflow−$4,562/mo