5116 Spencer CtOceansideCA92057
INVESTMENT ANALYSIS
Investment Verdict
Solid Income5116 Spencer Ct, Oceanside, CA, 92057 in Oceanside is a solid income-producing rental, 9.19% gross yield, $7,774/mo rent, $1,345/mo net cash flow on a $1,015,000 buy. DSCR 1.70 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $280,426 and $9,348/yr in principal reduction project a total cumulative return of $472,056.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.1% |
| Monthly Cash Flow | $1,345 | $1,200 |
City averages based on Oceanside market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,774 |
| Total Monthly Debt Service | $6,025 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2003
8,362 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92057, Oceanside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,327 (100%) |
| Owner Occupied HU | 13,437 (66.1%) |
| Renter Occupied HU | 6,049 (29.8%) |
| Vacant Housing Units | 841 ( 4.1%) |
| Median Home Value | $787,909 |
| Average Home Value | $801,460 |
Housing Distribution
Address Breakdown
Residential
19,670
Single Family
18,356
Multi-Family
1,314
Businesses
237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2003
8,362 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92057, Oceanside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,327 (100%) |
| Owner Occupied HU | 13,437 (66.1%) |
| Renter Occupied HU | 6,049 (29.8%) |
| Vacant Housing Units | 841 ( 4.1%) |
| Median Home Value | $787,909 |
| Average Home Value | $801,460 |
Housing Distribution
Address Breakdown
Residential
19,670
Single Family
18,356
Multi-Family
1,314
Businesses
237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices