1931 Warmlands Avenue
1 / 20

1931 Warmlands Avenue

Ctop 80%

Vista, CA 92084

$1,299,000

Pass at asking: -$6,184/mo full cashflow at 20% down, 7.36% rate.

Works at $489,859 (62% under asking), or at 90% down.

Rent $4,862/mo from 9 leases of houses within 2 mi, size-adjusted ($4,561–$5,410).

Beds

4

Baths

2.5

Sqft

2,442

Year Built

1990

Days on Market

119

Property Type

Single Family

HOA/mo

N/A

MLS ID

SR26155502

This property is in Vista (92084). Browse neighborhood analytics →

About This Property

This fully fenced secret garden property is located up a small street set-back from Warmlands Ave. As you step through the gate you are immediately transported into a 1/2 acre private paradise of shade trees, a large lawn, orchard, trellises, small vineyard, ivy archways, edible landscaping, and lush garden areas throughout. Enjoy the sustainability of nature's bounty, grow vegetables in the numerous garden boxes and new greenhouse, pick over 40 different varieties of fruit around the grove, and enjoy the abundance of the 10 varieties of trellaced berries. Entire property is fully irrigated for minimal maintenance. There are two ponds with fish & turtles connected by a small stream, a relaxing spa, and extensive new decking to enjoy morning coffee and sunsets with an ocean view in the distance. Indoors, you will be delighted by soaring two-story cathedral ceilings, natural light pouring in from the many accent windows and 4 skylights. Stunning modern architecture, 3 rooms with fireplaces, a sunroom, & high ceilings throughout most of the home. Kitchen overlooks the yard and features stone counters, shaker wood cabinetry, new oven/range, microwave, dishwasher, and built-in banquette. Step out to a brand new large Trex deck which includes a new metal patio cover with added retractable shades. Downstairs bedroom is converted to an office/playroom or room for guests. Newly remodeled laundry room features abundant storage. Upstairs features a huge primary suite with added sqft. to enjoy sunsets, lights and ocean views. En-suite bath with 2 sinks, walk-in shower and walk-in closet. Two additional bedrooms with vaulted ceilings with built-in window sitting areas, plus an additional full bath. Separate built-in work area in hall with panoramic ocean view. Property has newer roof, paid for solar, new exterior stucco, new HVAC ducting, level 2 EV charger, and new tankless water heater. The two car garage includes a large bonus space and sink, abundant built-in storage cabinets, and an extra storage closet. 4 additional parking spots along the driveway, and an RV parking area through gate at bottom of property. Primary bedroom was extended without permits. Tax Assr. states home is 2,208 sqft, previous owner listed square footage as 2,442 sqft. 2 car garage with tandem third space/bonus area.

Mortgage Calculator

Est. Monthly Payment

$8,845

Principal & Interest$7,167
Property Tax$1,299
Insurance$379
%($259,800)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Monte Vista 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.

Investment Score

11C
Est. Monthly Rent
$4,862

9 leases of houses within 2 mi, size-adjusted · $4,561–$5,410

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,983
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,184

What would make this work?

$6,184/mo short at 20% down; 90% down or +$8,031/mo rent closes it.

Break-even price

62% under asking

$489,859
Break-even rent

$8,031/mo above the estimate

$12,893/mo
Cashflow at 35% down
−$4,840/mo
Down payment to break even

$1,169,100 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,167
Cap Rate
1.13%
Cash-on-Cash
-28.56%
DSCR

Need ≥ 1.25 for DSCR loan

0.55

NOI (Annual)
$14,716
Price-to-Rent

Lower = better for investors

22.3

* 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.

Open Full Calculator
CCashflow−$6,184/mo