505 Calle Montecito
Btop 30%Oceanside, CA 92057
Pass at asking: -$1,994/mo full cashflow at 20% down, 7.49% rate.
Works at $166,435 (61% under asking), or at 88% down.
Rent $2,473/mo from 1 lease in this building.
Beds
2
Baths
2
Sqft
856
Year Built
1985
Days on Market
0
Property Type
Condo
HOA/mo
$620
MLS ID
NDP2610012
This property is in Oceanside (92057). Browse neighborhood analytics →
About This Property
2 Bedroom 2 Bathroom Condominium Unit located on the 1st floor (No Stairs). Unit features all tile flooring throughout, and laundry on the covered patio in laundry closet. Laundry machines and furnace are 2.5 yrs old. Home was painted 2.5 years ago, and re-touched up recently. Unit has been well maintained. Kitchen and bathrooms feature granite counters. Main bedroom / bathroom features a walk-in closet. 1.25 mile to shopping & movie theater, 6 mile radius to pier, Ocean, and harbor. Project features pool & spa and is located across the street from Libby Lake Park which features barbecue/picnic areas, playground, a lake, and walking paths. Single Story Unit located on the first floor of a two story building. VA Approved Complex—perfect for military buyers!
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Est. Monthly Payment
$3,544
Location
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Comparable Properties
5 comps foundThis Property
$2,473
Comp Average
$2,590
510 Calle Montecito
2bd / 1ba · 806 sqft · Condo
$359K
Est. $2,499/mo
Oceanside
2bd / 2ba · 856 sqft · Condo
$417K
Est. $2,762/mo
513 Calle Montecito
2bd / 2ba · 856 sqft · Condo
$400K
Est. $2,563/mo
502 Calle Montecito
2bd / 2ba · 856 sqft · Condo
$414K
Est. $2,563/mo
514 Calle Montecito
2bd / 2ba · 856 sqft · Condo
$435K
Est. $2,563/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building
Thin data: only 1 lease behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,994/mo short at 20% down; 88% down or +$2,590/mo rent closes it.
- Break-even price
- $166,435
- Break-even rent
- $5,063/mo
- Cashflow at 35% down
- −$1,549/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$2,590/mo above the estimate
$374,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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