480 Rancho
1 / 3

480 Rancho

Dbottom 20%

Vista, CA 92083

$1,995,000

Pass at asking: -$12,311/mo full cashflow at 20% down, 7.36% rate.

Works at $384,085 (81% under asking); even all cash loses money at asking.

Rent $3,812/mo from 9 leases of 3-bed houses within 2 mi ($3,595–$3,787).

Beds

3

Baths

2

Sqft

1,400

Year Built

1923

Days on Market

73

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608187

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

Virtual Tour

About This Property

4 parcels / potential for 8 units! Rare development opportunity in Vista! Situated on approximately 0.78 acres, this unique property has already been subdivided into four separate parcels, offering exceptional flexibility for a builder, developer, investor, or owner looking to create a multi-generational compound. The four parcels measure approximately 10,442, 9,160, 7,810, and 6,699 square feet. Zoned R-1, and according to information provided by the City of Vista, each individual parcel may have the potential to accommodate a primary residence plus an Accessory Dwelling Unit (ADU), creating the possibility for multiple residences across the property. Buyers are encouraged to independently verify all zoning, development, ADU, utility, and building requirements with the City of Vista and appropriate agencies. One of the parcels is currently improved with an approximately 1,400-square-foot, 3-bedroom, 2-bath home originally built in 1923, providing an existing residence while exploring the property's future development possibilities. The entire property sits on a gentle slope, creating an attractive setting and allowing for excellent elevated views across much of western Vista. The topography may provide opportunities to thoughtfully position future homes to take advantage of the surrounding vistas, natural light, and open feel. Excellent location walking distance to shopping, restaurants and entertainment. Less than a mile to Vista Village and the Vista Transit Center to catch the Sprinter.

Mortgage Calculator

Est. Monthly Payment

$13,584

Principal & Interest$11,007
Property Tax$1,995
Insurance$582
%($399,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Breeze Hill 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

0D
Est. Monthly Rent
$3,812

9 leases of 3-bed houses within 2 mi · $3,595–$3,787

Blended 50/50 with the zip's market median ($3,933)

Monthly Cashflow

Rent − PITIA

-$9,772
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,311

What would make this work?

$12,311/mo short at 20% down; +$15,988/mo rent closes it.

Break-even price

81% under asking

$384,085
Break-even rent

$15,988/mo above the estimate

$19,800/mo
Cashflow at 35% down
−$10,247/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$11,007
Cap Rate
-0.67%
Cash-on-Cash
-37.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.28

NOI (Annual)
-$13,364
Price-to-Rent

Lower = better for investors

43.6

* 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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DCashflow−$12,311/mo