615 Fredricks
Btop 30%Oceanside, CA 92058Neighborhood: San Luis Rey
2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$2,024/mo full cashflow at 20% down, 7.36% rate.
Works at $154,138 (63% under asking), or at 91% down.
Rent $2,400/mo from 2 leases in this building ($2,399–$2,400).
Beds
2
Baths
2
Sqft
987
Year Built
1978
Days on Market
1
Property Type
Condo
HOA/mo
$670
MLS ID
OC26241785
This property is in Oceanside (92058). Browse neighborhood analytics →
About This Property
Welcome to this charming 2-bedroom, 2-bathroom lower-level condo located in the gated Forest Glen community! Enjoy the convenience of single-level living, complete with your own private patio space. Situated within the Oceanside Unified School District, this home offers a wonderful opportunity for comfortable living in a desirable community.
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Est. Monthly Payment
$3,523
Location
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Comparable Properties
5 comps foundThis Property
$2,400
Comp Average
$2,484
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$350K
Est. $2,510/mo
615 Fredricks Avenue
2bd / 2ba · 987 sqft · Condo
$369K
Est. $2,400/mo
615 Fredricks Ave
2bd / 2ba · 987 sqft · Condo
$375K
Est. $2,400/mo
403 Los Arbolitos Boulevard
2bd / 1ba · 1,017 sqft · Condo
$460K
Est. $2,708/mo
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$425K
Est. $2,400/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
2 leases in this building · $2,399–$2,400
Thin data: only 2 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,024/mo short at 20% down; 91% down or +$2,628/mo rent closes it.
- Break-even price
- $154,138
- Break-even rent
- $5,028/mo
- Cashflow at 35% down
- −$1,590/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
63% under asking
$2,628/mo above the estimate
$381,290 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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