2325 Melrose Street
Btop 30%National City, CA 91950
Pass at asking: -$3,121/mo full cashflow at 20% down, 7.36% rate.
Works at $416,571 (50% under asking), or at 75% down.
Rent $4,135/mo from 8 leases of 4-bed houses within 2 mi ($3,683–$4,044).
Beds
4
Baths
2
Sqft
1,520
Year Built
1962
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608373
This property is in National City (91950). Browse neighborhood analytics →
About This Property
Welcome to 2325 Melrose Street, ideally situated at the end of a cul-de-sac in the Lincoln Acres neighborhood of National City! This four-bedroom, two-bathroom single-family residence offers approximately 1,520 square feet of living space on a generous 7,500-square-foot lot, plus a versatile bonus room offering additional possibilities to suit your needs. The home features a prepaid leased solar system, newer dual-pane windows, and forced-air heating and air conditioning for year-round comfort. An attached two-car garage and additional driveway parking provide convenient parking options. Enjoy the low-maintenance backyard with plenty of possibilities to make it your own. Conveniently located near shopping, dining, and major freeway access, this property combines a desirable location with plenty of potential. With its cul-de-sac setting, spacious lot, flexible living space, and appealing features, this home is a wonderful opportunity for buyers looking to personalize a property and make it their own. Don't miss this opportunity in Lincoln Acres!
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Est. Monthly Payment
$5,617
Location
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Zoned Schools
Elementary
El Toyon Elementary · grades K-6 · National Elementary
Middle
Granger Junior High · grades 7-9 · Sweetwater Union High
High
Sweetwater 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 foundThis Property
$4,135
Comp Average
$4,073
3522 Newberry Street
5bd / 1.5ba · 1,660 sqft · Single Family
$760K
Est. $4,461/mo
2121 4th Street
3bd / 2ba · 1,528 sqft · Single Family
$750K
Est. $3,992/mo
3002 11th Street
3bd / 2ba · 1,648 sqft · Single Family
$746K
Est. $3,916/mo
2325 14th Street
3bd / 2ba · 1,514 sqft · Single Family
$749K
Est. $3,872/mo
3140 2nd Street
3bd / 2ba · 1,565 sqft · Single Family
$810K
Est. $4,125/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 4-bed houses within 2 mi · $3,683–$4,044
Blended 50/50 with the zip's market median ($4,398)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,121/mo short at 20% down; 75% down or +$4,054/mo rent closes it.
- Break-even price
- $416,571
- Break-even rent
- $8,189/mo
- Cashflow at 35% down
- −$2,268/mo
- Down payment to break even
- 75%
- Rate to break even
- Not reachable
50% under asking
$4,054/mo above the estimate
$618,750 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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