1720 Avenida Del Mundo #509
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1720 Avenida Del Mundo #509

Dbottom 20%

Coronado, CA 92118

$1,199,000

Pass at asking: -$7,855/mo full cashflow at 20% down, 7.43% rate.

Works at $176,336 (85% under asking); even all cash loses money at asking.

Rent $3,470/mo from 11 leases of condos & townhomes within 1 mi, same school area, size-adjusted ($3,266–$4,499).

Beds

Studio

Baths

1

Sqft

639

Year Built

1973

Days on Market

88

Property Type

Condo

HOA/mo

$1,318

MLS ID

PTP2606255

This property is in Coronado (92118). Browse neighborhood analytics →

Virtual Tour

About This Property

Coronado Shores! Beachfront living, turnkey, studio! Located in the prestigious La Sierra Tower. Steps to Coronado Beach and the famous Hotel Del Coronado! Remodel includes new flooring, custom cabinetry, new counters, integrated lighting, new appliances and more! Professional Bathroom has dual shower heads, a floating vanity and LED accents. Rare studio in Coronado Shores that only exist in two of the 10 towers! Vibrant Coastal Lifestyle! A dedicated lower-level parking space(#40) is also included!

Mortgage Calculator

Est. Monthly Payment

$9,528

Principal & Interest$6,661
Property Tax$1,199
Insurance$350
HOA$1,318
%($239,800)
%
Loan Term

Location

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Zoned Schools

  • Middle

    Coronado Middle · grades 6-8 · Coronado Unified

  • High

    Coronado High · grades 9-12 · Coronado Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Coronado bans stays of 25 days or less in residential zones. See the rules

Investment Score

0D
Est. Monthly Rent
$3,470

11 leases of condos & townhomes within 1 mi, same school area, size-adjusted · $3,266–$4,499

Monthly Cashflow

Rent − PITIA

-$6,058
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,855

What would make this work?

$7,855/mo short at 20% down; +$10,202/mo rent closes it.

Break-even price

85% under asking

$176,336
Break-even rent

$10,202/mo above the estimate

$13,672/mo
Cashflow at 35% down
−$6,606/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)
$6,661
Cap Rate
-1.02%
Cash-on-Cash
-39.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.36

NOI (Annual)
-$12,249
Price-to-Rent

Lower = better for investors

28.8

* 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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DCashflow−$7,855/mo