
341 Melrose Drive
Atop 10%Vista, CA 92083
HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.
Pass at asking: -$2,112/mo full cashflow at 20% down, 7.36% rate.
Works at $262,493 (51% under asking), or at 77% down.
Rent $3,411/mo from 13 leases of 2–4 bed condos & townhomes within 1 mi ($3,216–$3,489).
Beds
3
Baths
2
Sqft
1,298
Year Built
1980
Days on Market
98
Property Type
Condo
HOA/mo
$620
MLS ID
NDP2607421
This property is in Vista (92083). Browse neighborhood analytics →
About This Property
Welcome home to this beautifully remodeled ground floor condo in the heart of Vista, offering the perfect blend of comfort, style, and convenience. This move in ready home features an upgraded kitchen with modern finishes, beautifully remodeled bathrooms, and brand-new flooring throughout the bedrooms and bathrooms, creating a fresh and inviting feel from the moment you walk in. Enjoy the convenience of in unit laundry hookups, plus additional private storage located just off the patio. The functional floor plan offers comfortable living spaces with easy ground-level access, making everyday living effortless. The community also features a sparkling pool perfect for relaxing on warm San Diego County days. Parking is a breeze with your own private 1-car garage plus an additional uncovered parking space. Located in one of North County San Diego’s fastest growing communities, Vista is loved for its vibrant local culture, beautiful weather, and convenient location. Just minutes away, you’ll enjoy popular attractions like Downtown Vista with its trendy restaurants, breweries, coffee shops, and entertainment. Outdoor enthusiasts will love being close to hiking trails, parks, and only a short drive to the beaches of North County. Vista is also known for its strong sense of community, year round events, farmers markets, and easy access to major freeways for commuting throughout San Diego County. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this upgraded condo is the perfect place to call home.
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Est. Monthly Payment
$4,290
Location
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Zoned Schools
Elementary
Grapevine Elementary · grades K-5 · Vista Unified
Middle
Madison Middle · grades 6-8 · Vista Unified
High
Rancho Buena 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 foundThis Property
$3,411
Comp Average
$3,186
355 N Melrose Drive F
2bd / 2ba · 1,152 sqft · Condo
$450K
Est. $2,866/mo
669 Copper
2bd / 1.5ba · 1,159 sqft · Townhouse
$530K
Est. $3,038/mo
366 Flower Lane
3bd / 2.5ba · 1,386 sqft · Condo
$640K
Est. $3,379/mo
376 Forest Place
3bd / 2.5ba · 1,386 sqft · Condo
$650K
Est. $3,379/mo
353 Windy Lane
2bd / 2ba · 1,365 sqft · Condo
$649K
Est. $3,269/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 2–4 bed condos & townhomes within 1 mi · $3,216–$3,489
Blended 50/50 with the zip's market median ($3,521)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,112/mo short at 20% down; 77% down or +$2,743/mo rent closes it.
- Break-even price
- $262,493
- Break-even rent
- $6,154/mo
- Cashflow at 35% down
- −$1,555/mo
- Down payment to break even
- 77%
- Rate to break even
- Not reachable
51% under asking
$2,743/mo above the estimate
$415,030 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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