400 Melrose Drive #23
Atop 10%Vista, CA 92083
Pass at asking: -$353/mo full cashflow at 20% down, 7.36% rate.
Works at $343,921 (12% under asking), or at 34% down.
Rent $3,413/mo: zip market median for this bed count.
Beds
4
Baths
2
Sqft
1,716
Year Built
1997
Days on Market
107
Property Type
Mfd/Mobile Home
HOA/mo
N/A
MLS ID
NDP2607112
This property is in Vista (92083). Browse neighborhood analytics →
About This Property
This 4-bedroom is in one of North County's most sought-after family parks. Residents enjoy community amenities including a pool and clubhouse, all while being centrally located near Vista’s shopping, restaurants, gas stations, and everyday conveniences. With easy access to Costco and State Route 78, commuting and errands are a breeze. This property has a split floor plan, with the primary bedroom on one side of the home offering privacy from the remaining three bedrooms. The kitchen has a newer remodel. Ready to show; pictures speak for themselves.
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Est. Monthly Payment
$2,655
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
3 comps foundThis Property
$3,413
Comp Average
$2,922
718 Sycamore Ave Space 97
3bd / 2ba · 1,440 sqft · Manufactured
$279K
Est. $2,922/mo
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
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?
$353/mo short at 20% down; 34% down or +$458/mo rent closes it.
- Break-even price
- $343,921
- Break-even rent
- $3,871/mo
- Cashflow at 35% down
- +$51/mo
- Down payment to break even
- 34%
- Rate to break even
- 5.64%
12% under asking
$458/mo above the estimate
$132,597 cash
at 20% down
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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