5611 Spanish Horse
1 / 20

5611 Spanish Horse

Ctop 80%

Oceanside, CA 92057Neighborhood: Guajome

$1,250,000
STR closed · inland Oceanside

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: -$5,382/mo full cashflow at 20% down, 7.36% rate.

Works at $545,874 (56% under asking), or at 83% down.

Rent $5,624/mo from 26 leases of 4–6 bed houses within 2 mi ($5,081–$5,912).

Beds

5

Baths

3

Sqft

3,169

Year Built

2013

Days on Market

122

Property Type

Single Family

HOA/mo

$159

MLS ID

NDP2606677

This property is in Oceanside (92057). Browse neighborhood analytics →

Virtual Tour

About This Property

**5 BEDROOMS • DOWNSTAIRS BED + FULL BATH • PAID SOLAR • 3-CAR GARAGE • 10,000+ SQ FT LOT ** ***SELLER 1-0 INTEREST RATE BUY DOWN AVAILABLE*** This beautiful home offers an exceptional combination of space, flexibility and Southern California living. Step inside to a light-filled floor plan with soaring ceilings and spacious living areas designed for everyday living and entertaining. At the heart of the home, the expansive kitchen features abundant cabinetry, generous counter space and an easy flow into the dining and family room—creating a natural gathering place for family and friends. A **full bedroom and bathroom on the main level** provides valuable flexibility for guests, multigenerational living or a private home office. Step outside to the **private, south-facing backyard**, where mature landscaping, fruit trees, a gazebo, firepit and multiple seating areas create an inviting setting for weekend barbecues, evenings with friends or simply relaxing outdoors. The **10,000+ sq. ft. lot** offers plenty of room to gather, play and enjoy the Southern California lifestyle year-round. Upstairs, generously sized bedrooms are joined by a **large, versatile loft** that can serve as a second family room, media room, playroom or potential sixth bedroom. The spacious primary suite provides a peaceful retreat at the end of the day. Additional highlights include **fully paid solar, upstairs laundry, abundant storage and a 3-car garage with Tesla charger**. Ideally located near **Mission Vista High School**, scenic hiking and biking trails, parks, shopping and dining, with the Oceanside coast just a short drive away.

Mortgage Calculator

Est. Monthly Payment

$8,670

Principal & Interest$6,897
Property Tax$1,250
Insurance$365
HOA$159
%($250,000)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Mission Meadows Elementary · grades K-5 · Vista Unified

  • Middle

    Roosevelt Middle · grades 6-8 · Vista Unified

  • High

    Vista High · grades 9-12 · Vista Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules

Investment Score

17C
Est. Monthly Rent
$5,624

26 leases of 4–6 bed houses within 2 mi · $5,081–$5,912

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,047
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,382

What would make this work?

$5,382/mo short at 20% down; 83% down or +$6,989/mo rent closes it.

Break-even price

56% under asking

$545,874
Break-even rent

$6,989/mo above the estimate

$12,613/mo
Cashflow at 35% down
−$4,089/mo
Down payment to break even

$1,037,500 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,897
Cap Rate
1.72%
Cash-on-Cash
-25.83%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$21,552
Price-to-Rent

Lower = better for investors

18.5

* 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.

Open Full Calculator
CCashflow−$5,382/mo