509 Calle Montecito #42
Atop 10%Oceanside, CA 92057Neighborhood: North Valley
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: -$1,210/mo full cashflow at 20% down, 7.36% rate.
Works at $191,708 (45% under asking), or at 71% down.
Rent $2,708/mo from 12 leases of 2-bed condos & townhomes within 1 mi ($2,334–$2,652).
Beds
2
Baths
1
Sqft
806
Year Built
1985
Days on Market
81
Property Type
Condo
HOA/mo
$620
MLS ID
NDP2607941
This property is in Oceanside (92057). Browse neighborhood analytics →
About This Property
This home is in a Community Advantage area. A qualified buyer can get up to 1.5% discount on the interest rate, put only 3% down AND pay no mortgage insurance. VA approved community (zero down). Lakeshore Villas is ideally located next to Oceanside's beautiful Libby Lake Park, offering residents easy access to lake views, walking trails, playground, picnic tables, and expansive green spaces just steps away. Tucked at the end of a quiet cul-de-sac, this desirable community features a lovely swimming pool and spa. This top floor unit showcases a modern kitchen with all brand-new stainless-steel appliances, real wood cabinetry, and granite countertops. Entry area, kitchen, and bathroom floors are a beautiful travertine. Enjoy morning coffee and the sunrise from your covered balcony. Private full-size washer and dryer located in the balcony storage closet. Personal assigned covered parking space conveniently located behind the unit and abundant guest parking available. HOA includes water, trash, and common area maintenance. Schools, shopping, dining, and public transit are all close by, and you're only 7 miles from the beach and 3 miles from the San Luis Rey gate at Camp Pendleton. Come see it today!
Mortgage Calculator
Est. Monthly Payment
$3,003
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 foundThis Property
$2,708
Comp Average
$2,561
521 Calle Montecito
2bd / 1ba · 806 sqft · Condo
$350K
Est. $2,482/mo
510 Calle Montecito
2bd / 1ba · 806 sqft · Condo
$359K
Est. $2,483/mo
Oceanside
2bd / 2ba · 856 sqft · Condo
$417K
Est. $2,746/mo
513 Calle Montecito
2bd / 2ba · 856 sqft · Condo
$400K
Est. $2,547/mo
502 Calle Montecito
2bd / 2ba · 856 sqft · Condo
$414K
Est. $2,547/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
12 leases of 2-bed condos & townhomes within 1 mi · $2,334–$2,652
Blended 50/50 with the zip's market median ($2,940)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,210/mo short at 20% down; 71% down or +$1,571/mo rent closes it.
- Break-even price
- $191,708
- Break-even rent
- $4,279/mo
- Cashflow at 35% down
- −$847/mo
- Down payment to break even
- 71%
- Rate to break even
- Not reachable
45% under asking
$1,571/mo above the estimate
$248,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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