1360 Cerritos Ct

1360 Cerritos Ct

Btop 30%

Chula Vista, CA 91910

$999,000
NEW — 1d

Pass at asking: -$3,809/mo full cashflow at 20% down, 7.43% rate.

Works at $502,939 (50% under asking), or at 75% down.

Rent $5,017/mo from 8 leases of 4–6 bed houses within 1 mi ($4,503–$5,220).

Beds

5

Baths

3

Sqft

2,289

Year Built

1974

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026698SD

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

About This Property

Extensively updated 5-bedroom plus loft home offering 2,289 sq. ft. of flexible living space on a quiet Rancho Del Rey cul-de-sac, with no HOA and no Mello-Roos. A standout floor plan features two primary suites, one on each level, making it well-suited for multigenerational living or added privacy. The versatile loft provides space for a home office, playroom or media room. The remodeled kitchen features new cabinetry, quartz countertops, tile backsplash, new appliances and a large center island with seating. All three bathrooms have been remodeled with new tile, vanities, fixtures and shower glass, including a spacious primary walk-in shower and dual-sink vanity. Major upgrades include newly installed central A/C, a new 200-amp electrical panel, Low-E windows, sliding glass door, SPC flooring, fresh interior and exterior paint, and recessed LED lighting. An attached 2-car garage provides additional storage. Outside, enjoy low-maintenance xeriscaping, artificial turf, a private backyard and courtyard. Move-in ready with extensive upgrades already completed. Conveniently located near Chula Vista Hills Elementary, neighborhood parks, shopping and dining, with access to major South Bay routes. The information contained herein has been obtained from sources believed reliable. We have not independently verified it and make no guarantee, warranty, or representation regarding its accuracy or completeness. It is the responsibility of the buyer and buyer's agent to independently verify all information, including but not limited to square footage, lot size, permits, and property condition. Buyers and their advisors are encouraged to conduct their own careful investigation of the property to determine its suitability for their needs.

Mortgage Calculator

Est. Monthly Payment

$6,840

Principal & Interest$5,550
Property Tax$999
Insurance$291
%($199,800)
%
Loan Term

Location

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Investment Score

37B
Est. Monthly Rent
$5,017

8 leases of 4–6 bed houses within 1 mi · $4,503–$5,220

Blended 50/50 with the zip's market median ($5,243)

Monthly Cashflow

Rent − PITIA

-$1,823
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,809

What would make this work?

$3,809/mo short at 20% down; 75% down or +$4,947/mo rent closes it.

Break-even price

50% under asking

$502,939
Break-even rent

$4,947/mo above the estimate

$9,964/mo
Cashflow at 35% down
−$2,769/mo
Down payment to break even

$749,250 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,550
Cap Rate
2.39%
Cash-on-Cash
-22.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$23,897
Price-to-Rent

Lower = better for investors

16.6

* 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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BCashflow−$3,809/mo