400 Melrose Drive #14
Atop 10%Vista, CA 92083
Pass at asking: -$647/mo full cashflow at 20% down, 7.36% rate.
Works at $294,391 (22% under asking), or at 45% down.
Rent $2,922/mo: zip market median for this bed count.
Beds
3
Baths
2
Sqft
1,040
Year Built
2026
Days on Market
114
Property Type
Mfd/Mobile Home
HOA/mo
N/A
MLS ID
NDP2606920
This property is in Vista (92083). Browse neighborhood analytics →
About This Property
Brand-new Cavco in Family Park Vista Stunning 3-bed, 2-bath in highly desirable Palms Mobile Home Park. Thoughtfully designed, featuring a split floor plan for ultimate primary suite privacy. More than ample storage throughout. 8x10 shed as well Move-in ready; pictures speak for themselves
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Est. Monthly Payment
$2,581
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
$2,922
Comp Average
$2,682
1333 Olive Ave
3bd / 2ba · 1,269 sqft · Mfd/Mobile Home
$380K
Est. $2,922/mo
1333 Olive Avenue
3bd / 2ba · 1,238 sqft · Mfd/Mobile Home
$389K
Est. $2,922/mo
245 Bobier Drive
2bd / 1.5ba · 1,020 sqft · Manufactured
$315K
Est. $2,094/mo
245 Bobier Drive
2bd / 2ba · 894 sqft · Manufactured
$324K
Est. $2,094/mo
201 Diamond Way
3bd / 2ba · 1,116 sqft · Single Family
$525K
Est. $3,378/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$647/mo short at 20% down; 45% down or +$840/mo rent closes it.
- Break-even price
- $294,391
- Break-even rent
- $3,762/mo
- Cashflow at 35% down
- −$255/mo
- Down payment to break even
- 45%
- Rate to break even
- 3.98%
22% under asking
$840/mo above the estimate
$170,550 cash
at 20% down
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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