81 Seagull Lane
Atop 10%Oceanside, CA 92057Neighborhood: San Luis Rey
Pass at asking: -$1,172/mo full cashflow at 20% down, 7.36% rate.
Works at $211,521 (42% under asking), or at 67% down.
Rent $2,340/mo: zip market median for this bed count.
Beds
2
Baths
2
Sqft
1,248
Year Built
1989
Days on Market
89
Property Type
Manufactured
HOA/mo
$185
MLS ID
NDP2607717
This property is in Oceanside (92057). Browse neighborhood analytics →
About This Property
Sitting 'High Atop' San Luis Rey Homes 'Resident Owned' 55 + Community is this Beautiful 1989 Fleetwood 'Sandalwood II' 1248 SF 2 Bedroom, 2 Bath (3/4 & 3/4) Home. A Home with rare 'Solar Power (NO Lease, Paid for). Land Ownershiip in involved and there is NO SPACE RENT. The low Maintenance Fee is $185 per month and which includes Trash, Sewer, Ground Maintenance and WATER. In addition to the 2 Bedrooms, there is a 3rd Room, which 'Doubles' as a Guest Room and/or Office. Newer Central Air Unit. The Washer, Dryer & Refrigerator can remain. Home is 'Walking Distance' to Historic Mission San Luis Rey. The San Luis Rey River Bike Traiil is close by (about 4 1/2 Miles to the Coast) Plenty of Nearby Stores such as Albertsons, Ralphs, Vons, Walmart, Stater Bros. CVS and Walgreens for examjple. Medical - Scripps Coastal, VA Clinic, & Kaiser are close as well.
Mortgage Calculator
Est. Monthly Payment
$2,670
Location
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Zoned Schools
Elementary
Nichols Elementary · grades K-5 · Oceanside Unified
Middle
Martin Luther King Jr. Middle · grades 6-8 · Oceanside Unified
High
El Camino High · grades 9-12 · Oceanside Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$2,340
Comp Average
$2,954
3685 Vista Campana
2bd / 2ba · 1,232 sqft · Single Family
$349K
Est. $3,637/mo
227 Bluebird Lane
2bd / 2ba · 960 sqft · Manufactured
$275K
Est. $2,340/mo
176 Flicker Lane
2bd / 2ba · 1,164 sqft · Manufactured
$326K
Est. $2,340/mo
3808 Vista Campana
2bd / 2ba · 1,347 sqft · Single Family
$499K
Est. $3,458/mo
348 Riverview Way
2bd / 2ba · 1,140 sqft · Single Family
$475K
Est. $2,996/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,172/mo short at 20% down; 67% down or +$1,522/mo rent closes it.
- Break-even price
- $211,521
- Break-even rent
- $3,862/mo
- Cashflow at 35% down
- −$795/mo
- Down payment to break even
- 67%
- Rate to break even
- 0.25%
42% under asking
$1,522/mo above the estimate
$244,550 cash
at 20% down
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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