1918 Corte Maravilla

1918 Corte Maravilla

Ctop 80%

Chula Vista, CA 91914

$1,845,000
STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$9,635/mo full cashflow at 20% down, 7.36% rate.

Works at $584,254 (68% under asking), or at 96% down.

Rent $6,367/mo from 8 leases of 4–6 bed houses within 2 mi ($5,462–$6,086).

Beds

5

Baths

4

Sqft

2,863

Year Built

2011

Days on Market

226

Property Type

Single Family

HOA/mo

$438

MLS ID

260007610SD

This property is in Chula Vista (91914). Browse neighborhood analytics →

About This Property

San Diego, Ca. 1918 Corte Maravilla, Chula Vista. Welcome to San Miguel Ranch's highly sought out neighborhood, this Single Story Mediterranean styled former luxury model home is definitely an entertainment home that its designer had not one single expense that was spared. 5 bedrooms, 3 1/2 baths. the living room and informal dining area open up to the outdoor California room with bifold doors complete with its own fireplace. Home is light and bright, has mature landscaping and built in outdoor barbeque. Separate Dining room with designer old world charm and wrought iron upgrades. There are too many upgrades in this beautiful home which including the wrought iron entry gate, wood shutters, custom wains coting, designer appointed wall paper, crown molding thru out, chefs kitchen with large welcoming quartz island, open concept to living room and informal dining area, travertine flooring thru out main living area, upgraded ceiling fans, pergola off the master bedroom large sliding glass door, low maintenance yard with artificial turf and hardscaping, large laundry room and 2 car garage. You will love this home !!. Great neighborhood with parks, schools, shopping, hiking and biking trails. Mount San Miguel Park great park for sports, family, recreation, dog park and trails. The Master association offers Clubhouse, Rec Room, BBQ's, Exercise room, sport courts and pool. You will also love your home office. Pure craftsmanship and attention to detail in every room on all finishes and decor in this home makes it truly special and one of a kind. Furniture negotiable. Decor conveys with the property. A must see. Probate with full authority.

Mortgage Calculator

Est. Monthly Payment

$13,000

Principal & Interest$10,179
Property Tax$1,845
Insurance$538
HOA$438
%($369,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Liberty Elementary · grades K-6 · Chula Vista Elementary

  • Middle

    Eastlake Middle · grades 7-8 · Sweetwater Union High

  • High

    Eastlake High · grades 9-12 · Sweetwater Union High

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

Investment Score

6C
Est. Monthly Rent
$6,367

8 leases of 4–6 bed houses within 2 mi · $5,462–$6,086

Blended 50/50 with the zip's market median ($7,086)

Monthly Cashflow

Rent − PITIA

-$6,633
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,635

What would make this work?

$9,635/mo short at 20% down; 96% down or +$12,513/mo rent closes it.

Break-even price

68% under asking

$584,254
Break-even rent

$12,513/mo above the estimate

$18,880/mo
Cashflow at 35% down
−$7,727/mo
Down payment to break even

$1,771,200 cash

96%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$10,179
Cap Rate
0.56%
Cash-on-Cash
-31.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$10,349
Price-to-Rent

Lower = better for investors

24.1

* 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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CCashflow−$9,635/mo