1228 Tower Drive
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1228 Tower Drive

Ctop 80%

Vista, CA 92083

$1,100,000

Pass at asking: -$4,905/mo full cashflow at 20% down, 7.36% rate.

Works at $458,191 (58% under asking), or at 85% down.

Rent $4,548/mo from 18 leases of houses within 2 mi, size-adjusted ($4,826–$5,491).

Beds

5

Baths

3

Sqft

2,690

Year Built

1981

Days on Market

128

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606464

This property is in Vista (92083). Browse neighborhood analytics →

Virtual Tour

About This Property

?? A Beautiful Home — With an Opportunity to Make It Even More Affordable! Looking for a little more buying power? The seller is willing to seriously consider contributing to a mortgage interest-rate buydown, potentially lowering your monthly payments and making this beautiful home even more attractive. Take a closer look at what this property offers! Sweeping panoramic views, refreshing ocean breezes, and a private, elevated setting distinguish 1228 Tower Drive from the moment you arrive. This 5-bedroom, 3-bath split-level home sits on a large, usable lot with no HOA and no Mello-Roos. The bright main living level features brand-new flooring, a fireplace, and comfortable flow between the living, dining, and kitchen areas. A newly installed heating system is another recent improvement. The split-level floor plan provides added flexibility, including a spacious lower-level bonus room suitable for a media room, game room, home gym, art studio, or multi-generational living area. A portion of the garage has also been converted into an additional bedroom and bathroom; permit status is unknown. Outside, the generous lot provides room for gardens, outdoor entertaining, play space, or a future pool while taking advantage of the property's privacy and afternoon breezes. Shopping, dining, schools and parks are nearby, with the coast just a short drive away.

Mortgage Calculator

Est. Monthly Payment

$7,490

Principal & Interest$6,069
Property Tax$1,100
Insurance$321
%($220,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Hannalei Elementary · grades K-5 · Vista Unified

  • Middle

    Madison Middle · grades 6-8 · Vista Unified

  • High

    Rancho Buena Vista High · grades 9-12 · Vista Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

16C
Est. Monthly Rent
$4,548

18 leases of houses within 2 mi, size-adjusted · $4,826–$5,491

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,942
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,905

What would make this work?

$4,905/mo short at 20% down; 85% down or +$6,370/mo rent closes it.

Break-even price

58% under asking

$458,191
Break-even rent

$6,370/mo above the estimate

$10,918/mo
Cashflow at 35% down
−$3,767/mo
Down payment to break even

$935,000 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,069
Cap Rate
1.52%
Cash-on-Cash
-26.75%
DSCR

Need ≥ 1.25 for DSCR loan

0.61

NOI (Annual)
$16,700
Price-to-Rent

Lower = better for investors

20.2

* 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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CCashflow−$4,905/mo