835 Dana Point Way

835 Dana Point Way

Btop 30%

Oceanside, CA 92058Neighborhood: North Valley

$499,000
NEW — 1d
STR closed · inland Oceanside

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 1, 2026.

Pass at asking: -$2,334/mo full cashflow at 20% down, 7.49% rate.

Works at $196,480 (61% under asking), or at 87% down.

Rent $2,747/mo from 19 leases of 2-bed condos & townhomes within 2 mi ($2,665–$3,060).

Beds

2

Baths

2

Sqft

1,104

Year Built

1988

Days on Market

1

Property Type

Condo

HOA/mo

$600

MLS ID

NDP2609946

This property is in Oceanside (92058). Browse neighborhood analytics →

About This Property

2.75% VA LOAN ASSUMPTION available for military buyers with entitlement!!! Excellent starter home opportunity in the highly sought after Whelan Ranch community. This recently updated 2 bed, 1.5 bath condo combines low maintenance living with community amenities. Downstairs includes a newly remodeled kitchen with updated cabinetry and countertops. New luxury vinyl flooring. Off the dining room, the living space extends out to the private patio, blending indoor and outdoor living. Upstairs, both bedrooms offer ample closet space, large windows for natural light, and easy access to the full bathroom. Unit has been updated with central air conditioning. The condo conveniently includes a 1 car attached garage with easy access from the kitchen as well as an assigned parking space directly in front of your home. Whelan Ranch community offers a park-like, neighborhood atmosphere with zero yard maintenance. Pool, clubhouse, playground and picnic area are all walking distance from your door. Ideal location near Camp Pendleton, golf courses, local dining, and the beach!

Mortgage Calculator

Est. Monthly Payment

$4,033

Principal & Interest$2,789
Property Tax$499
Insurance$146
HOA$600
%($99,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Louise Foussat 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.

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

Investment Score

41B
Est. Monthly Rent
$2,747

19 leases of 2-bed condos & townhomes within 2 mi · $2,665–$3,060

Blended 50/50 with the zip's market median ($2,677)

Monthly Cashflow

Rent − PITIA

-$1,287
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,334

What would make this work?

$2,334/mo short at 20% down; 87% down or +$3,031/mo rent closes it.

Break-even price

61% under asking

$196,480
Break-even rent

$3,031/mo above the estimate

$5,778/mo
Cashflow at 35% down
−$1,811/mo
Down payment to break even

$434,130 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,789
Cap Rate
1.42%
Cash-on-Cash
-28.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)
$7,100
Price-to-Rent

Lower = better for investors

15.1

* Modelled at 20% down, 7.49% 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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BCashflow−$2,334/mo