1229 Sandra Circle
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1229 Sandra Circle

Ctop 80%

Vista, CA 92083

$1,199,000

Pass at asking: -$5,279/mo full cashflow at 20% down, 7.36% rate.

Works at $508,349 (58% under asking), or at 84% down.

Rent $5,045/mo from 11 leases of 3–5 bed houses within 2 mi ($5,246–$5,665).

Beds

4

Baths

3.5

Sqft

3,034

Year Built

1985

Days on Market

62

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022320SD

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

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About This Property

1229 Sandra Circle is a lovely 4 bedroom, 3.5 bath home, offering generous sized bedrooms and living spaces,opening out to a large outdoor deck, as well as a lower yard area with tons of potential, along with a side entrance to exterior access to a JADU studio on the bottom level. The JADU has a smaller sized fridge and sink for the kitchenette, with the potential to add a permanent cooktop. 3 bedrooms, 2.5 baths, 2 living rooms, an updated kitchen with space for a dining area, deck access, laundry and garage are all on the main single level floor, with stairs leading to a lower level living/den/multipurpose room with fireplace, also with access to the lower yard through french doors. Lots of potential to update and improve the landscape and yard areas, photo renderings reflect just a start of what can be created on the exterior spaces. Updated finishes throughout, with timeless materials such as rich wood look porcelain tiled floors, nicely appointed finishes, cabinetry and appliances, and bathroom updates, along with the lower studio unit make this a great versatile property. Location wise, every day as you come and go from this property, you wind through the hills of Phillips road, which offers classic Vista views of homes layered into the hillsides to the east, along with great 78 fwy access via Mar Vista road, along with downtown Vista, Brengle Terrace Park, Moonlight amphitheater, and more all just minutes away, and beaches and the coast about 11 miles away. City sewer and SDGE gas services, no septic or propane, and no HOA. *Some photos rendered for idea purposes.

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Est. Monthly Payment

$8,164

Principal & Interest$6,615
Property Tax$1,199
Insurance$350
%($239,800)
%
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
$5,045

11 leases of 3–5 bed houses within 2 mi · $5,246–$5,665

Blended 50/50 with the zip's market median ($4,595)

Monthly Cashflow

Rent − PITIA

-$3,119
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,279

What would make this work?

$5,279/mo short at 20% down; 84% down or +$6,855/mo rent closes it.

Break-even price

58% under asking

$508,349
Break-even rent

$6,855/mo above the estimate

$11,900/mo
Cashflow at 35% down
−$4,038/mo
Down payment to break even

$1,007,160 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,615
Cap Rate
1.59%
Cash-on-Cash
-26.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$19,065
Price-to-Rent

Lower = better for investors

19.8

* 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−$5,279/mo