722 Freeman Street

722 Freeman Street

D

Oceanside, CA 92054

$3,200,000

Beds

Baths

Sqft

4,252

Year Built

1950

Days on Market

38

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2601866

Description

2 parcels being sold together. Total of 8 units. Seller would consider selling the 2 parcels separately as long as they close at the same time. Lot's of opportunity in an area that is going through redevelopment, continues to improve and grow, becoming a major Tourist/Beach destination. Less than a mile to the Beach and Oceanside Harbor, Pier, Farmers Market, Thursday Night Sunset Market, Restaurants, Shops, Top Gun House and more! 4 of the units have been recently remodeled. New roof in 2020/2021. New Fencing in 2024.

Mortgage Calculator

Est. Monthly Payment

$20,314

Principal & Interest$16,181
Property Tax$3,200
Insurance$933
%($640,000)
%

Investment Score

0D
Est. Monthly Rent
$4,946
Monthly Cashflow

Rent − PITIA

$-15,368
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,172

Mortgage (P+I)
$16,181
Cap Rate
-1.12%
Cash-on-Cash
-35.95%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.24
Break-even Rent
$29,845

NOI (Annual)
$-35,895
Price-to-Rent

Lower = better for investors

53.9

* 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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