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1820 Avenida Del Mundo #704

Dbottom 20%

Coronado, CA 92118

$3,950,000

NEW — 1d

STR closed · Coronado: 26-night minimum

Pass at asking: -$27,429/mo full cashflow at 20% down, 7.43% rate.

Works at $378,726 (90% under asking); even all cash loses money at asking.

Rent $6,503/mo from 9 leases of 2–4 bed condos & townhomes within 2 mi ($5,218–$8,025).

Beds

Baths

Sqft

1,697

Year Built

1977

Days on Market

Property Type

Condo

HOA/mo

$2,099

MLS ID

PTP2608146

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

Virtual Tour

Mortgage Calculator

Est. Monthly Payment

$29,145

Principal & Interest$21,944

Property Tax$3,950

Insurance$1,152

HOA$2,099

Down Payment

%($790,000)

Interest Rate

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.

Comparable Properties

5 comps found

This Property

$6,503

Comp Average

$6,638

1820 Avenida Del Mundo

3bd / 3ba · 1,697 sqft · Condo

$4.00M

Est. $6,749/mo

1730 Avenida Del Mundo

3bd / 3ba · 1,668 sqft · Condo

$3.70M

Est. $6,657/mo

747 Orange Ave

3bd / 3ba · 1,631 sqft · Condo

$4.00M

Est. $6,436/mo

747 Orange Ave

3bd / 2.5ba · 1,633 sqft · Condo

$3.27M

Est. $6,438/mo

1710 Avenida Del Mundo

2bd / 3ba · 1,796 sqft · Condo

$4.60M

Est. $6,908/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

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

Investment Score

Est. Monthly Rent

$6,503

9 leases of 2–4 bed condos & townhomes within 2 mi · $5,218–$8,025

Blended 50/50 with the zip's market median ($6,166)

Monthly Cashflow

Rent − PITIA

-$22,642

Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,429

What would make this work?

$27,429/mo short at 20% down; +$35,622/mo rent closes it.

Break-even price: $378,726
Break-even rent: $42,125/mo
Cashflow at 35% down: −$23,315/mo
Down payment to break even: Not reachable
Rate to break even: Not reachable

Mortgage (P+I)

$21,944

Cap Rate

-1.57%

Cash-on-Cash

-41.66%

DSCR

Need ≥ 1.25 for DSCR loan

0.22

NOI (Annual)

-$61,922

Price-to-Rent

Lower = better for investors

50.6

* 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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DCashflow−$27,429/mo