509 Rockledge Street

509 Rockledge Street

D

Oceanside, CA 92054

$1,000,000

Beds

3

Baths

2.5

Sqft

1,268

Year Built

1987

Days on Market

26

Property Type

Single Family

HOA/mo

N/A

MLS ID

SR26020175

View on MLS

Description

Cute beach bungalow west of 5, less than a mile to the beach, close to shopping, restaurants, and Camp Pendleton. Easy I-5 access. This 3 Bedroom, 2.5 Bath home has a very efficient livable layout with all three bedrooms and two bathrooms upstairs near a convenient laundry closet. Master has a balcony and there are two skylights upstairs. Downstairs is an efficient galley kitchen with a large pantry with pullout shelves, a nice large family room and a half bath. In back is a private fenced yard ready for a garden and a detached 2 car garage. The house is on a quiet street with more parking. New flooring and paint, recently passed a termite inspection. A GREAT opportunity to live by the ocean!

Mortgage Calculator

Est. Monthly Payment

$6,348

Principal & Interest$5,057
Property Tax$1,000
Insurance$292
%($200,000)
%

Investment Score

5D
Est. Monthly Rent

Market Rent Estimate

$3,694
Monthly Cashflow

Rent − PITI − HOA

$-2,655
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,337

Mortgage (P+I)
$5,057
Cap Rate
0.86%
Cash-on-Cash
-15.93%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$6,349

NOI (Annual)
$8,629
Price-to-Rent

Lower = better for investors

22.6

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

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