11060 Corte Playa Merida
Ctop 80%San Diego, CA 92124
1 licensed short-term rental within ½ mile (0 whole home), from the cities' license and permit lists of Nov 13, 2026.
None of the 32 homes on this home's recorded tract holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$7,251/mo full cashflow at 20% down, 7.36% rate.
Works at $526,179 (64% under asking), or at 92% down.
Rent $5,323/mo from 9 leases of houses within 2 mi, size-adjusted ($5,016–$5,622).
Beds
4
Baths
2.5
Sqft
2,123
Year Built
1992
Days on Market
60
Property Type
Single Family
HOA/mo
$78
MLS ID
260022411SD
This property is in San Diego (92124). Browse neighborhood analytics →
About This Property
The largest Belvista home in Tierrasanta Norte with panoramic day and night views features new custom paint, new luxury vinyl flooring, new baseboards, new carpet and pad. Remodeled kitchen w/new appliances and granite counter tops. Remodeled bathrooms with new sinks, faucets and all new quartz counter tops. Extensive use of ceramic tiles in entry, kitchen, nook and bathrooms. Lovely backyard with fruit trees & mirrored wardrobe doors. Huge master w/walk in closet, separate tub and a walk-in shower. More pics to follow.
Mortgage Calculator
Est. Monthly Payment
$10,121
Location
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Zoned Schools
Elementary
Kumeyaay Elementary · grades K-5 · San Diego Unified
Middle
Farb Middle · grades 6-8 · San Diego Unified
or De Portola Middle · grades 6-8 · San Diego Unified
Choice area: the district lets families here pick either school.
High
Canyon Hills High · grades 9-12 · San Diego 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
4 comps foundThis Property
$5,323
Comp Average
$4,781
11458 Madera Rosa
3bd / 2.5ba · 1,768 sqft · Single Family
$950K
Est. $4,781/mo
4777 La Cuenta Dr.
3bd / 2ba · 1,522 sqft · Single Family
$1.18M
Est. $4,605/mo
4024 Tambor Road
4bd / 2ba · 1,681 sqft · Single Family
$1.37M
Est. $4,555/mo
5033 Montessa St
3bd / 3ba · 2,604 sqft · Single Family
$1.70M
Est. $5,182/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of houses within 2 mi, size-adjusted · $5,016–$5,622
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,251/mo short at 20% down; 92% down or +$9,417/mo rent closes it.
- Break-even price
- $526,179
- Break-even rent
- $14,740/mo
- Cashflow at 35% down
- −$5,726/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
64% under asking
$9,417/mo above the estimate
$1,357,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
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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