924 Concord Ct

924 Concord Ct

Ctop 80%

Vista, CA 92081

$735,000
NEW — 0d

Pass at asking: -$3,383/mo full cashflow at 20% down, 7.49% rate.

Works at $296,387 (60% under asking), or at 86% down.

Rent $3,158/mo from 11 leases of 1–3 bed houses within 2 mi ($3,004–$3,463).

Beds

2

Baths

2

Sqft

999

Year Built

1984

Days on Market

0

Property Type

Single Family

HOA/mo

$146

MLS ID

NDP2609994

This property is in Vista (92081). View neighborhood stats →

Virtual Tour

About This Property

With very few homes for sale in the lovely Shadowridge community , especially under $800,000 – this charming single-story home will surely capture rapt attention and certainly not be available for long! Extremely conscientious homeowners have added some lovely touches over the past 15 years to include dual pane windows and doors, luxury vinyl flooring in all but the bathrooms, new HVAC in 2016, full vinyl fencing and completely renovated bathrooms with striking walk-in showers. Couple that with a new roof in 2010, a water filtration system, low maintenance front yard and easy maintenance backyard. Add to this a spacious 2-car garage on a quiet street in The Cottages with access to a pool/spa and you will understand why this home is a must see! Anyone who knows the Shadowridge community understands what a winning location it is ~ less than 20 minutes from Carlsbad beaches, moments to all of the FUN restaurants and pubs in downtown Vista, less than 20 minutes from Cal State San Marcos campus and conveniently close to the best grocers including Trader Joe's, Sprouts, Frazier Farms, the Vista Farmers Market and more.

Mortgage Calculator

Est. Monthly Payment

$5,203

Principal & Interest$4,107
Property Tax$735
Insurance$214
HOA$146
%($147,000)
%
Loan Term

Location

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Investment Score

31C
Est. Monthly Rent
$3,158

11 leases of 1–3 bed houses within 2 mi · $3,004–$3,463

Blended 50/50 with the zip's market median ($3,117)

Monthly Cashflow

Rent − PITIA

-$2,044
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,383

What would make this work?

$3,383/mo short at 20% down; 86% down or +$4,394/mo rent closes it.

Break-even price

60% under asking

$296,387
Break-even rent

$4,394/mo above the estimate

$7,552/mo
Cashflow at 35% down
−$2,613/mo
Down payment to break even

$632,100 cash

86%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,107
Cap Rate
1.44%
Cash-on-Cash
-27.62%
DSCR

Need ≥ 1.25 for DSCR loan

0.61

NOI (Annual)
$10,585
Price-to-Rent

Lower = better for investors

19.4

* Modelled at 20% down, 7.49% 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−$3,383/mo