856 Misty Meadow Court
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856 Misty Meadow Court

Ctop 80%

Chula Vista, CA 91910

$969,000
STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$3,846/mo full cashflow at 20% down, 7.43% rate.

Works at $468,290 (52% under asking), or at 78% down.

Rent $4,904/mo from 9 leases of 4–6 bed houses within 1 mi ($4,494–$5,368).

Beds

5

Baths

2.5

Sqft

2,294

Year Built

1977

Days on Market

64

Property Type

Single Family

HOA/mo

$179

MLS ID

PTP2606788

This property is in Chula Vista (91910). Browse neighborhood analytics →

Virtual Tour

About This Property

IN THE HEART OF RANCHO DEL REY. NO MELLO ROOS. UPSTAIRS BONUS LOFT. VAULTED CEILINGS. RENOVATED TOP TO BOTTOM. 5 BEDROOMS. QUIET CUL-DE-SAC. BRING ALL OFFERS. Right in the heart of Rancho Del Rey. This 5 bedroom, 2.5 bathroom home on a quiet cul-de-sac with 2,294 square feet, an open concept layout, vaulted ceilings, a loft and bonus room, multiple oversized balconies and patios, a private backyard with covered patio, and an attached 2 car garage. To top it off, NO added Mello Roos. NEW roof. NEW kitchen, gutted and rebuilt with white Shaker cabinets, quartz counters, undermount sink, and stainless appliances. NEW bathrooms with white vanities, quartz counters, toilets, and glazed shower stalls. NEW flooring throughout with new baseboards, stair trim, and transitions. NEW interior doors, frames, trim, and closet doors. NEW interior and exterior paint. NEW recessed lighting throughout. NEW dual pane windows throughout. NEW 8 foot and 6 foot sliding patio doors with tempered glass. NEW front balcony deck. REBUILT rear staircase and handrails. NEW main water line. Association includes access to playground, pool, and parks. Walkable to Rancho Del Rey parks and trails, minutes to Otay Ranch Town Center, top rated schools, dining, and quick 805 access.

Mortgage Calculator

Est. Monthly Payment

$6,814

Principal & Interest$5,383
Property Tax$969
Insurance$283
HOA$179
%($193,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Chula Vista Hills Elementary · grades K-6 · Chula Vista Elementary

  • Middle

    Bonita Vista Middle · grades 7-8 · Sweetwater Union High

  • High

    Bonita Vista Senior High · grades 9-12 · Sweetwater Union High

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

34C
Est. Monthly Rent
$4,904

9 leases of 4–6 bed houses within 1 mi · $4,494–$5,368

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,910
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,846

What would make this work?

$3,846/mo short at 20% down; 78% down or +$4,994/mo rent closes it.

Break-even price

52% under asking

$468,290
Break-even rent

$4,994/mo above the estimate

$9,898/mo
Cashflow at 35% down
−$2,836/mo
Down payment to break even

$755,820 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,383
Cap Rate
2.21%
Cash-on-Cash
-23.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.72

NOI (Annual)
$21,393
Price-to-Rent

Lower = better for investors

16.5

* Modelled at 20% down, 7.43% 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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CCashflow−$3,846/mo