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1677 Melrose Ave. #Unit D

Btop 30%

Chula Vista, CA 91911

$427,999

STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$1,993/mo full cashflow at 20% down, 7.43% rate.

Works at $168,556 (61% under asking), or at 88% down.

Rent $2,646/mo from 13 leases of 1–3 bed condos & townhomes within 2 mi ($2,593–$2,787).

Beds

Baths

Sqft

920

Year Built

1984

Days on Market

Property Type

Condo

HOA/mo

$743

MLS ID

PTP2605651

This property is in Chula Vista (91911). Browse neighborhood analytics →

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About This Property

Welcome home to this charming 2-bedroom, 2-bath, first-floor condo located in a desirable gated community in Chula Vista! Features include: * Spacious first-floor layout * Private patio * 2 bedrooms & 2 full bathrooms * Gated community for added privacy * Resort-style pool & relaxing jacuzzi * Convenient location close to shopping, dining, parks, and major freeways Whether you’re a first-time homebuyer, downsizing, or looking for an investment opportunity, this condo offers comfort, convenience, and a wonderful community lifestyle.

Mortgage Calculator

Est. Monthly Payment

$3,674

Principal & Interest$2,378

Property Tax$428

Insurance$125

HOA$743

Down Payment

%($85,600)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Rohr (Fred H.) Elementary · grades PK-6 · Chula Vista Elementary
Middle
Castle Park Middle · grades 7-8 · Sweetwater Union High
High
Castle Park Senior High · grades 9-12 · Sweetwater Union High

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

$2,646

Comp Average

$2,780

715 Paso De Luz

2bd / 2ba · 1,050 sqft · Condo

$489K

Est. $2,990/mo

528 Anita Street

2bd / 1ba · 854 sqft · Condo

$440K

Est. $2,441/mo

1677 Melrose Av

2bd / 2ba · 920 sqft · Condo

$400K

Est. $2,741/mo

1687 Melrose Ave

2bd / 2ba · 920 sqft · Condo

$410K

Est. $2,813/mo

765 Caminito Valiente

2bd / 2ba · 1,034 sqft · Condo

$573K

Est. $2,917/mo

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

Investment Score

45B

Est. Monthly Rent

$2,646

13 leases of 1–3 bed condos & townhomes within 2 mi · $2,593–$2,787

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,028

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,993

What would make this work?

$1,993/mo short at 20% down; 88% down or +$2,588/mo rent closes it.

Break-even price: $168,556
Break-even rent: $5,234/mo
Cashflow at 35% down: −$1,547/mo
Down payment to break even: 88%
Rate to break even: Not reachable

Mortgage (P+I)

$2,378

Cap Rate

1.45%

Cash-on-Cash

-27.94%

DSCR

Need ≥ 1.25 for DSCR loan

0.72

NOI (Annual)

$6,205

Price-to-Rent

Lower = better for investors

13.5

* Modelled at 20% down, 7.43% 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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BCashflow−$1,993/mo