506 Canyon Drive

506 Canyon Drive

D

Oceanside, CA 92054

$619,000

Beds

3

Baths

2

Sqft

1,164

Year Built

1978

Days on Market

49

Property Type

Condo

HOA/mo

$606

MLS ID

PTP2508503

Description

Situated in a meticulously maintained Oceanside community, this turnkey condo at 506 Canyon Dr blends modern elegance with resort-style living. This inviting upstairs unit offers three generously sized bedrooms and two bathrooms, with the master suite featuring dual closets for abundant storage. The updated kitchen showcases newer appliances and striking granite countertops, ideal for both everyday meals and entertaining. In-unit laundry adds convenience, while the absence of upstairs neighbors ensures a peaceful environment with enhanced privacy. A spacious patio, accessed through grand double French doors, provides an ideal setting for hosting guests or relaxing outdoors. The property includes two parking spaces—one in a covered private garage and one uncovered—with ample guest parking available throughout the complex. Residents enjoy access to an array of amenities, including tennis, basketball, and pickleball courts, a sparkling swimming pool, and a relaxing jacuzzi, fostering a true resort-like lifestyle. This impeccably maintained condo is a perfect choice for those seeking a vibrant, low-maintenance home in a prime Oceanside location.

Mortgage Calculator

Est. Monthly Payment

$4,536

Principal & Interest$3,130
Property Tax$619
Insurance$181
HOA$606
%($123,800)
%

Investment Score

15D
Est. Monthly Rent

Market Rent Estimate

$3,676
Monthly Cashflow

Rent − PITI − HOA

$-860
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,221

Mortgage (P+I)
$3,130
Cap Rate
1.76%
Cash-on-Cash
-8.34%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.17
Break-even Rent
$4,536

NOI (Annual)
$10,904
Price-to-Rent

Lower = better for investors

14.0

* Defaults: 20% down, 6.5% rate, 30yr.

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