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1570 Santa Fe

Dbottom 20%

Vista, CA 92083

$1,095,000

STR-eligible · Vista · TOT 10%

Pass at asking: -$6,191/mo full cashflow at 20% down, 7.36% rate.

Works at $284,848 (74% under asking); even all cash loses money at asking.

Rent $2,827/mo from 8 leases of 2-bed houses within 2 mi ($2,727–$3,015).

Beds

Baths

Sqft

972

Year Built

1931

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

260020862SD

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

About This Property

Approved 33-unit mixed-use development opportunity located along Vista’s North Santa Fe corridor. The approved podium-style project includes three studio units, 27 one-bedroom/one-bathroom units, three two-bedroom/one-bathroom units, and ground-floor commercial space. The approximately 23,307-square-foot (0.53-acre) site is zoned M-U (40) and is located within the North Santa Fe Overlay. The property offers convenient access to Downtown Vista, the Vista Transit Center, Highway 78, shopping, dining, services, and North County employment centers. With development approvals secured, the property offers an opportunity to advance a defined mixed-use project. Buyers should independently verify all approvals, plans, permits, fees, zoning, development requirements, utility availability, and project information with the City of Vista and applicable agencies.

Mortgage Calculator

Est. Monthly Payment

$7,456

Principal & Interest$6,041

Property Tax$1,095

Insurance$319

Down Payment

%($219,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Bobier Elementary · grades K-5 · Vista Unified
Middle
Roosevelt Middle · grades 6-8 · Vista Unified
High
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.

Comparable Properties

5 comps found

This Property

$2,827

Comp Average

$3,764

644 Lado De Loma

3bd / 2ba · 1,513 sqft · Single Family

$800K

Est. $3,852/mo

609 Spires Street

3bd / 2ba · 1,301 sqft · Single Family

$800K

Est. $3,576/mo

267 Hannalei Dr

3bd / 2ba · 1,424 sqft · Single Family

$875K

Est. $3,632/mo

832 Grapevine Road

3bd / 2ba · 1,543 sqft · Single Family

$930K

Est. $3,933/mo

1192 Caren Road

3bd / 2ba · 1,504 sqft · Single Family

$925K

Est. $3,829/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

Est. Monthly Rent

$2,827

8 leases of 2-bed houses within 2 mi · $2,727–$3,015

Blended 50/50 with the zip's market median ($2,819)

Monthly Cashflow

Rent − PITIA

-$4,628

Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,191

What would make this work?

$6,191/mo short at 20% down; +$8,040/mo rent closes it.

Break-even price: $284,848
Break-even rent: $10,867/mo
Cashflow at 35% down: −$5,058/mo
Down payment to break even: Not reachable
Rate to break even: Not reachable

Mortgage (P+I)

$6,041

Cap Rate

-0.01%

Cash-on-Cash

-33.92%

DSCR

Need ≥ 1.25 for DSCR loan

0.38

NOI (Annual)

-$100

Price-to-Rent

Lower = better for investors

32.3

* 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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DCashflow−$6,191/mo