341 Melrose Drive
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341 Melrose Drive

Atop 10%

Vista, CA 92083

$539,000
STR: check · HOA rules unknown · TOT 10%

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 →

Virtual Tour

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.

Mortgage Calculator

Est. Monthly Payment

$4,290

Principal & Interest$2,974
Property Tax$539
Insurance$157
HOA$620
%($107,800)
%
Loan Term

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.

Investment Score

53A
Est. Monthly Rent
$3,411

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)

Monthly Cashflow

Rent − PITIA

-$879
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,112

What would make this work?

$2,112/mo short at 20% down; 77% down or +$2,743/mo rent closes it.

Break-even price

51% under asking

$262,493
Break-even rent

$2,743/mo above the estimate

$6,154/mo
Cashflow at 35% down
−$1,555/mo
Down payment to break even

$415,030 cash

77%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,974
Cap Rate
2.30%
Cash-on-Cash
-23.52%
DSCR

Need ≥ 1.25 for DSCR loan

0.80

NOI (Annual)
$12,382
Price-to-Rent

Lower = better for investors

13.2

* 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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ACashflow−$2,112/mo