315 Michele Drive
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315 Michele Drive

Atop 10%

Vista, CA 92084

$825,000
NEW — 0d

Pass at asking: -$2,262/mo full cashflow at 20% down, 7.43% rate.

Works at $530,514 (36% under asking), or at 60% down.

Rent $5,292/mo from 12 leases of 4–6 bed houses within 2 mi ($4,324–$4,810).

Beds

5

Baths

2

Sqft

2,104

Year Built

1969

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW26232787

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

Virtual Tour

About This Property

Welcome to 315 Michele Drive in Vista! This beautifully remodeled single-story home, with RV PARKING, offers 5 bedrooms, 2 bathrooms, and 2,104 square feet of thoughtfully updated living space, including a spacious office! Completely renovated from top to bottom, this home features a brand-new roof, brand-new AC unit, new windows, a bright, modern interior with an inviting open-concept floor plan, fresh neutral paint, stylish luxury vinyl plank flooring, recessed lighting, and contemporary finishes throughout. The stunning kitchen is the centerpiece of the home, showcasing white shaker-style cabinetry, quartz countertops, stainless steel appliances, a designer backsplash, and a large center island with breakfast bar seating. The kitchen flows seamlessly into the dining and living areas, creating the perfect space for everyday living and entertaining. The expansive primary suite offers a comfortable retreat with additional space that can be used as a sitting area, home office, or flex space. All five bedrooms feature updated finishes, while both bathrooms complement the home's fresh, modern design. Outside, enjoy refreshed landscaping, a spacious driveway, and a clean, updated exterior that adds to the home's curb appeal. Conveniently located in the heart of Vista, at the end of a private cul-de-sac, with easy access to shopping, dining, parks, and major commuter routes. With its extensive renovations, versatile layout, and generous living space, this move-in-ready home is a must-see! No HOA and Low Taxes!

Mortgage Calculator

Est. Monthly Payment

$5,649

Principal & Interest$4,583
Property Tax$825
Insurance$241
%($165,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Mission Meadows 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

62A
Est. Monthly Rent
$5,292

12 leases of 4–6 bed houses within 2 mi · $4,324–$4,810

Blended 50/50 with the zip's market median ($5,992)

Monthly Cashflow

Rent − PITIA

-$357
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,262

What would make this work?

$2,262/mo short at 20% down; 60% down or +$2,938/mo rent closes it.

Break-even price

36% under asking

$530,514
Break-even rent

$2,938/mo above the estimate

$8,230/mo
Cashflow at 35% down
−$1,403/mo
Down payment to break even

$495,000 cash

60%
Rate to break even

at 20% down

1.64%

Mortgage (P+I)
$4,583
Cap Rate
3.76%
Cash-on-Cash
-16.45%
DSCR

Need ≥ 1.25 for DSCR loan

0.94

NOI (Annual)
$31,031
Price-to-Rent

Lower = better for investors

13.0

* 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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ACashflow−$2,262/mo