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453 Calle Elegante
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453 Calle Elegante

Atop 10%

Vista, CA 92083

$649,900
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: -$2,023/mo full cashflow at 20% down, 7.36% rate.

Works at $385,361 (41% under asking), or at 66% down.

Rent $4,106/mo from 10 leases of 3–5 bed condos & townhomes within 2 mi ($3,792–$4,373).

Beds

4

Baths

2.5

Sqft

1,717

Year Built

2006

Days on Market

49

Property Type

Townhouse

HOA/mo

$217

MLS ID

260021890SD

This property is in Vista (92083). Browse neighborhood analytics →

About This Property

PRICE REDUCED! Beautiful, spacious 4 bedroom 2 story townhome with just over 1,700 SF, attached 2 car garage, a private fenced backyard, and plenty of room to live, work, entertain, and grow. This is the kind of home buyers have been waiting for!

Mortgage Calculator

Est. Monthly Payment

$4,642

Principal & Interest$3,586
Property Tax$650
Insurance$190
HOA$217
%($129,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Maryland 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 found

This Property

$4,106

vs

Comp Average

$3,390

341 Melrose Drive

341 Melrose Drive

3bd / 2ba · 1,298 sqft · Condo

$539K

Est. $3,411/mo

366 Flower Lane

366 Flower Lane

3bd / 2.5ba · 1,386 sqft · Condo

$640K

Est. $3,379/mo

376 Forest Place

376 Forest Place

3bd / 2.5ba · 1,386 sqft · Condo

$650K

Est. $3,379/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

63A
Est. Monthly Rent
$4,106

10 leases of 3–5 bed condos & townhomes within 2 mi · $3,792–$4,373

Blended 50/50 with the zip's market median ($4,157)

Monthly Cashflow

Rent − PITIA

-$537
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,023

What would make this work?

$2,023/mo short at 20% down; 66% down or +$2,627/mo rent closes it.

Break-even price

41% under asking

$385,361
Break-even rent

$2,627/mo above the estimate

$6,733/mo
Cashflow at 35% down
−$1,350/mo
Down payment to break even

$428,934 cash

66%
Rate to break even

at 20% down

0.53%
Mortgage (P+I)
$3,586
Cap Rate
3.27%
Cash-on-Cash
-18.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.88
NOI (Annual)
$21,221
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−$2,023/mo