14151 Melodie
Ctop 80%Poway, CA 92064
Pass at asking: -$5,375/mo full cashflow at 20% down, 7.36% rate.
Works at $406,598 (63% under asking), or at 91% down.
Rent $4,036/mo from 13 leases of 2–4 bed houses within 2 mi ($4,006–$4,515).
Beds
3
Baths
1.5
Sqft
1,676
Year Built
1959
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026383SD
This property is in Poway (92064). View neighborhood stats →
About This Property
Welcome to Old Poway, great cul-de-sac location gently sloping over 1/2 acre lot zoned for multiple large animals new roof including 2 car oversized detached garage covered RV parking new mini split ac new septic and luxury vinyl flooring multiple fruit trees (see supplement) dual sided brick fireplace newly installed irrigation new stucco & fresh paint in & out large room additions not included in square footage PUSD close to Old Poway Park convenient to restaurants & shopping no HOA no Mello Roos fruit trees include; apricot, pecan, 3 verities of nectarine & peaches, banana, dragon fruit, sugarcane, California native habitat plants, plums, apples, Asian pears, lemon, Washington naval oranges, avocado, loquat, fig, papaya, 3 varieties passion fruit, 2 grapes, additional plants include rare cuyamaca cyprus & cedros island scrub oak
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Est. Monthly Payment
$7,558
Location
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Zoned Schools
Elementary
Midland Elementary · grades K-5 · Poway Unified
Middle
Twin Peaks Middle · grades 6-8 · Poway Unified
High
Poway High · grades 9-12 · Poway Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$4,036
Comp Average
$4,421
14319 Old Community Rd
4bd / 2ba · 1,784 sqft · Single Family
$1000K
Est. $4,629/mo
14562 Kennebunk Street
4bd / 2ba · 1,752 sqft · Single Family
$1.20M
Est. $4,714/mo
12731 Soule
3bd / 2ba · 1,598 sqft · Single Family
$1.10M
Est. $4,236/mo
14654 Evening Star Dr
3bd / 2ba · 1,406 sqft · Single Family
$1.15M
Est. $3,955/mo
14853 Sunrise
3bd / 3ba · 1,738 sqft · Single Family
$1.40M
Est. $4,569/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 2–4 bed houses within 2 mi · $4,006–$4,515
Blended 50/50 with the zip's market median ($3,932)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,375/mo short at 20% down; 91% down or +$6,981/mo rent closes it.
- Break-even price
- $406,598
- Break-even rent
- $11,017/mo
- Cashflow at 35% down
- −$4,227/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
63% under asking
$6,981/mo above the estimate
$1,010,100 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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