5138 Palmera Drive
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5138 Palmera Drive

D

Oceanside, CA 92056

$1,198,975

Soft Appraisal Value: $1,335,900 · 10.2% below estimate

Beds

4

Baths

3

Sqft

2,664

Year Built

1997

Days on Market

8

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2604572

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

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About This Property

Welcome to the stunning Oceanside retreat tucked within one of the areas most sought after neighborhoods and highly desirable school districts. This beautifully maintained four bedroom three bath home offers the perfect blend of elegance, comfort, and resort style living. Originally designed with an optional downstairs 5th bedroom, the current layout opens beautifully into the family room. The heart of the home spacious & gorgeous remodeled kitchen overlooking a truly magnificent park like backyard oasis. Step outside and feel transported to your own private resort, surrounded by lush, tropical landscaping, sparkling pool & covered patio. The spacious master offers a peaceful retreat, complete with walk-in closet and luxurious spa inspired bathroom. Additional highlights include a three car attached garage, solar system for energy efficiency, and the home is filled with lots of windows letting in natural light throughout and no HOA fees! This exceptional property combines privacy, beauty, and functionality, and unbelievable Oceanside location, close to top rated schools, shopping, dining and coastal attractions. A rare opportunity to own a true Southern California dream home.

Mortgage Calculator

Est. Monthly Payment

$7,611

Principal & Interest$6,063
Property Tax$1,199
Insurance$350
%($239,795)
%

Location

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Investment Score

28D
Est. Monthly Rent
$5,702
Monthly Cashflow

Rent − PITIA

$-1,910
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,220

Mortgage (P+I)
$6,063
Cap Rate
1.84%
Cash-on-Cash
-21.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$11,183

NOI (Annual)
$22,109
Price-to-Rent

Lower = better for investors

17.5

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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