200 N El Camino Real #79 · Oceanside, CA 92058

$239,900

2 bd · 2.0 ba · 1,440 sqft · Manufactured · 63 Days on market

Built 1970 Fair condition 3,825 sqft lot $167/sqft · 36% below area Est $374k · 36% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.9/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 2-bedroom, 2-bath, home with 3 versatile bonus rooms -perfect for office, hobby space or guests. Enjoy a relaxing backyard patio, fruit trees, and two large storage sheds. Located in a well-maintained 55+ community featuring a pool, spa, billiards, and car wash. Just minutes from Oceanside Pier, Harbor, and the San Luis Trail. Amazing comfortable coastal weather year-round. Rent-controlled with low space rent of $593.96.

Key facts

• Backyard patio
• Billiards
• Spa

Tags

• BACKYARD PATIO
• FRUIT TREES
• STORAGE SHEDS
• POOL
• SPA
• BILLIARDS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $240k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $476 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $226k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 2.5% in Oceanside — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#413 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A; Watch: schools D+, crime D, cost of living F.
• Oceanside Unified (suburban): math 31% / reading 51% proficiency, ranked #221 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.1%/yr); 69 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• At $2,860/mo this rent would consume 49% of the median local household income ($70k/yr) (locally 4169% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A99 (mandatory federal flood insurance); extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $225,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 9.30%
• Cash-on-cash: 10.75%
• DSCR: 1.48
• GRM: 7.0

CMA / ARV

• ARV (median comp): $373,887
• List price: $239,900
• Delta: -35.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
200 N El Camino Real #176	0.07mi	3/2.0 (+1)	1,440 (0%)	4mo	$315,000	$219	88
200 N El Camino Real #198	0.01mi	2/2.0	1,344 (-7%)	0mo	$220,000	$164	88
200 N El Camino Real #410	0.09mi	2/2.0	1,384 (-4%)	3mo	$379,000	$274	87
200 N El Camino Real #386	0.00mi	3/2.0 (+1)	1,510 (+5%)	2mo	$430,000	$285	85
200 El Camino Real Real #343	0.09mi	2/2.0	1,344 (-7%)	4mo	$375,000	$279	81
276 N El Camino Real #26	0.27mi	2/2.0	1,488 (+3%)	4mo	$395,000	$265	78
220 N El Camino Real #33	0.21mi	3/2.0 (+1)	1,386 (-4%)	2mo	$350,000	$253	77
200 N El Camino Real #43	0.07mi	3/2.0 (+1)	1,560 (+8%)	3mo	$389,500	$250	76
276 N El Camino Real #22	0.27mi	2/2.0	1,536 (+7%)	1mo	$262,500	$171	75
220 N El Camino Real #13	0.21mi	3/2.0 (+1)	1,344 (-7%)	1mo	$185,000	$138	73
276 N EL CAMINO REAL #172	0.30mi	2/2.0	1,344 (-7%)	3mo	$483,900	$360	73
221 N El Camino Real #26	0.25mi	3/2.0 (+1)	1,344 (-7%)	2mo	$275,000	$205	71

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -7.0%
• Equity multiple: 0.75×
• Total profit: $-16,799
• Equity at exit: $35,770

10-year hold

• IRR: -1.9%
• Equity multiple: 0.89×
• Total profit: $-7,469
• Equity at exit: $20,742

Cash invested: $67,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92058

• Home prices YoY: -34.9%
• Rents YoY: -0.1%
• Active inventory: 69
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,860 high
• Mortgage (P&I): −$1,258
• Tax est. 1.5%: −$300 /mo · $3,598/yr
• Insurance: −$100
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$601
• Net cashflow: $476

Break-even live

Break-even rent $2,257

Max offer price $239,900

Occupancy floor 78%

Sensitivity live

Price	-10% $642	-5% $559	+0% $476	+5% $393	+10% $311
Rent	-10% $250	-5% $363	+0% $476	+5% $589	+10% $702
Rate	-1.0pp $597	-0.5pp $537	base $476	+0.5pp $414	+1.0pp $351

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 N El Camino Real #52 Oceanside, CA	2.0	2.0	1500	$2,750	$1.83	6d	1	0.06mi
200 N El Camino Real #263 Oceanside, CA	2.0	2.0	1440	$2,475	$1.72	6d	1	0.06mi
615 Fredricks Ave #166 Oceanside, CA	2.0	2.0	1000	$2,650	$2.65	44d	1	0.19mi
615 Fredricks Ave Unit 2nd floor Oceanside, CA	2.0	2.0	1000	$2,650	$2.65	25d	1	0.19mi
550 Los Arbolitos Blvd Oceanside, CA	1.0–3.0	1.0–2.0	933	$2,676	$2.87	0d	19	0.20mi
612 Los Arbolitos Blvd Oceanside, CA	2.0–3.0	2.0	1076	$2,682	$2.49	0d	3	0.24mi
141 Douglas Dr Unit 75 Oceanside, CA	2.0	2.0	1298	$2,375	$1.83	6d	1	0.35mi
3679 Branch Ct Oceanside, CA	3.0	2.0	1625	$3,895	$2.40	4d	1	0.43mi
283 Douglas Dr Oceanside, CA	2.0–3.0	2.0	1017	$2,419	$2.38	0d	8	0.47mi
3925 Estancia Dr Oceanside, CA	3.0	2.0	1501	$4,495	$2.99	44d	1	0.55mi
263 San Dimas Ave Oceanside, CA	2.0	2.0	908	$3,850	$4.24	44d	1	0.83mi
3891 San Ramon Dr Oceanside, CA	1.0–2.0	1.0–2.0	814	$2,908	$3.57	0d	23	0.86mi
4398 Rainier Way Oceanside, CA	1.0–2.0	1.0–2.0	827	$2,750	$3.32	2d	6	0.92mi
225 Melinda Way Oceanside, CA	3.0	2.5	1610	$4,000	$2.48	44d	1	0.93mi
4479 Brisbane Way #6 Oceanside, CA	2.0	2.0	1141	$2,995	$2.62	6d	1	0.95mi
4483 Brisbane Way #1 Oceanside, CA	2.0	2.0	1141	$3,000	$2.63	44d	1	0.96mi
264 Rancho Del Oro Dr Oceanside, CA	2.0	1.0–2.0	988	$2,772	$2.81	0d	16	0.96mi
3685 Vista Campana N #74 Oceanside, CA	2.0	2.0	1099	$2,550	$2.32	25d	1	0.97mi
3452 Las Vegas Dr Oceanside, CA	3.0	2.0	1150	$3,995	$3.47	25d	1	0.97mi
771 Iverson Point Way Oceanside, CA	2.0	1.5	1104	$3,050	$2.76	0d	1	1.02mi
771 Iverson Point Way Oceanside, CA	2.0	1.5	1104	$3,050	$2.76	15d	1	1.02mi
4110 Sitio Flor Oceanside, CA	3.0	2.0	1366	$3,595	$2.63	44d	1	1.03mi
634 Sumner Way #1 Oceanside, CA	2.0	2.0	1141	$2,895	$2.54	6d	1	1.04mi
4140 Sitio Flor Oceanside, CA	3.0	3.0	1548	$3,725	$2.41	44d	1	1.06mi
4203 Mission Ranch Way Oceanside, CA	2.0	2.5	1284	$3,400	$2.65	44d	1	1.12mi
4213 La Casita Way #4 Oceanside, CA	2.0	2.5	1210	$2,695	$2.23	44d	1	1.14mi
4212 Vista del Rio Way #2 Oceanside, CA	2.0	2.5	1224	$2,800	$2.29	44d	1	1.15mi
4211 Mission Ranch Way Oceanside, CA	3.0	3.0	1548	$3,949	$2.55	45d	1	1.16mi
4233 Vista Panorama Way Oceanside, CA	2.0	2.5	1250	$1,500	$1.20	44d	1	1.25mi
4236 Vista del Rio Way #2 Oceanside, CA	2.0	2.5	1500	$2,695	$1.80	21d	1	1.26mi
4265 Mesa Vista Way #3 Oceanside, CA	2.0	2.5	1210	$2,900	$2.40	44d	1	1.28mi
746 Point Arguello Oceanside, CA	3.0	2.0	1260	$3,495	$2.77	25d	1	1.29mi
3625 Dearborn St Oceanside, CA	2.0	1.5	1050	$3,000	$2.86	13d	1	1.35mi
4251 Arroyo Vista Way #344 Oceanside, CA	3.0	2.0	1094	$3,850	$3.52	44d	1	1.35mi
4459 Anne Sladon St Oceanside, CA	3.0	1.0	1161	$2,950	$2.54	25d	1	1.41mi
757 Sunningdale Dr Oceanside, CA	3.0	2.0	1400	$4,200	$3.00	18d	1	1.44mi
190 Avenida Descanso Oceanside, CA	2.0	2.0	912	$2,650	$2.91	3d	1	1.49mi
3901 Mesa Dr Oceanside, CA	1.0–3.0	1.0–2.0	846	$2,755	$3.26	0d	18	1.49mi

Listing history 17 events

1. 2026-06-21
   days on market $239,900 Active 63 DOM
2. 2026-06-18
   days on market $239,900 Active 60 DOM
3. 2026-06-17
   days on market $239,900 Active 59 DOM
4. 2026-06-16
   days on market $239,900 Active 58 DOM
5. 2026-06-15
   days on market $239,900 Active 57 DOM
6. 2026-06-13
   days on market $239,900 Active 55 DOM
7. 2026-06-13
   days on market $239,900 Active 54 DOM
8. 2026-06-09
   days on market $239,900 Active 51 DOM
9. 2026-06-08
   days on market $239,900 Active 50 DOM
10. 2026-06-07
    days on market $239,900 Active 49 DOM
11. 2026-06-04
    days on market $239,900 Active 46 DOM
12. 2026-06-03
    days on market $239,900 Active 45 DOM
13. 2026-06-02
    days on market $239,900 Active 44 DOM
14. 2026-06-01
    days on market $239,900 Active 43 DOM
15. 2026-05-31
    days on market $239,900 Active 42 DOM
16. 2026-05-12
    status Pending Sale 433-char remark

    Show marketing remark (433 chars)

    Spacious 2-bedroom, 2-bath, home with 3 versatile bonus rooms -perfect for office, hobby space or guests. Enjoy a relaxing backyard patio, fruit trees, and two large storage sheds. Located in a well-maintained 55+ community featuring a pool, spa, billiards, and car wash. Just minutes from Oceanside Pier, Harbor, and the San Luis Trail. Amazing comfortable coastal weather year-round. Rent-controlled with low space rent of $593.96.

17. 2025-10-10
    listed $239,900 Active 433-char remark

    Show marketing remark (433 chars)

    Spacious 2-bedroom, 2-bath, home with 3 versatile bonus rooms -perfect for office, hobby space or guests. Enjoy a relaxing backyard patio, fruit trees, and two large storage sheds. Located in a well-maintained 55+ community featuring a pool, spa, billiards, and car wash. Just minutes from Oceanside Pier, Harbor, and the San Luis Trail. Amazing comfortable coastal weather year-round. Rent-controlled with low space rent of $593.96.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A99 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥86°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,320
• − Mortgage interest: −$13,438
• − Property taxes: −$3,598
• − Insurance: −$2,702
• − Repairs & maintenance: −$2,746
• − Management: −$2,746
• − Depreciation: −$6,979
• Taxable income: $2,111
• Est. tax owed @ 24.0%: −$507
• After-tax cash flow: $5,209/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate renovations to update the kitchen and bathrooms, and some landscaping improvements to enhance its curb appeal and overall value.

Repairs flagged

• Major kitchen cabinets — dated and in poor condition
• Major bathroom fixtures — outdated and in poor condition
• Minor landscaping — some plants appear dead

Value-add opportunities

• Both painting — refreshes the interior and exterior
• Both new kitchen cabinets — modernizes the space and increases appeal
• Both new bathroom fixtures — modernizes the space and increases appeal
• Both landscaping — enhances curb appeal and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in poor condition	Major	$15,000–50,000
bathroom fixtures · outdated and in poor condition	Major	$15,000–50,000
landscaping · some plants appear dead	Minor	$500–3,000
Total estimated repair cost · 3 items		$30,500–103,000

Value-add ROI direction

• Both painting — refreshes the interior and exterior ↑
• Both new kitchen cabinets — modernizes the space and increases appeal ↑
• Both new bathroom fixtures — modernizes the space and increases appeal ↑
• Both landscaping — enhances curb appeal and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Oceanside Unified
• NCES district ID: 0628250
• Math proficiency: 31% ▼ -5.00%
• Reading proficiency: 51% ▲ 6.00%
• Median HH income: $55,158
• Composite: 35.74/100
• National rank: #4853
• State rank: #221 of 517 in CA

Livability — Oceanside

• Score: 64/100
• State rank: #413
• US rank: #14081

Category grades

Amenities A+ Commute A+ Cost of living F Crime D Employment A Housing B Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oceanside, CA
• County: San Diego County · 3,178,799 people
• City population: 198,702
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 49,834
• Household income: $69,970
• Rent vs Own: 74.6% rent · 25.4% own
• Severe rent burden: 4169.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Hispanic / Latino 43% White 38% Two or more races 25% Black 6% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 34% Puerto Rican 2%
• Common ancestry: Italian 4% Lithuanian 1% Romanian 1%
• Foreign-born: 15% · Canada, Vietnam, Jamaica
• Languages at home: 68% English-only · Spanish 26% Tagalog/Filipino 2% Other Asian/Pacific 1%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -223.54%
• Current HPI: 417.6464
• Rent YoY: ▼ -0.11%
• Metro: San Diego-Chula Vista-Carlsbad, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

2 events — show timeline

• 2026-05-12 Pending — CRMLS
• 2025-10-10 Listed $239,900 CRMLS