21 Buccaneer Way
Ctop 80%Coronado, CA 92118
Pass at asking: -$20,911/mo full cashflow at 20% down, 7.49% rate.
Works at $1,288,933 (68% under asking), or at 95% down.
Rent $13,183/mo from 5 leases of 4-bed houses in 92118 ($13,042–$27,427).
Beds
4
Baths
3.5
Sqft
3,958
Year Built
1986
Days on Market
0
Property Type
Single Family
HOA/mo
$209
MLS ID
260026246SD
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
LUXURY ON THE WATER! This custom-remodeled 4-bedroom, 4-bath residence spans nearly an incredible 4,000 square feet on a south-facing bayfront lot with a private 45-foot boat slip steps from your back door. Inside, rich Koa wood flooring runs throughout an open floor plan built for entertaining. The designer kitchen anchors the main level with high-end Dacor appliances, a Sub-Zero refrigerator and a dedicated wine sink, flowing seamlessly into the dining area and out to the patio. Custom built-ins, stained glass windows and two marble fireplaces, one in the living room and one in the primary suite, add warmth and character at every turn. The primary bedroom is a true retreat with patio overlooking bay. Outside, gather around the firepit, soak in the jacuzzi and take in the bay from a sun-filled southern exposure. Thoughtful upgrades carry the home into the next decade: owned solar, whole-house water filtration, instant hot water, and a new furnace. Two-car garage. Coronado Unified School District. Bring the boat. Your fabulous waterfront lifestyle awaits.
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Est. Monthly Payment
$27,729
Location
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Comparable Properties
5 comps foundThis Property
$13,183
Comp Average
$11,489
36 Admiralty Cross
4bd / 3ba · 3,618 sqft · Single Family
$4.00M
Est. $12,604/mo
27 Sandpiper Strand
4bd / 3ba · 2,942 sqft · Single Family
$4.00M
Est. $11,366/mo
1312 3rd St
4bd / 4.5ba · 3,752 sqft · Single Family
$4.75M
Est. $11,049/mo
25 The Point
4bd / 4.5ba · 3,316 sqft · Single Family
$5.10M
Est. $12,066/mo
649 I Ave.
5bd / 4ba · 3,212 sqft · Single Family
$3.95M
Est. $10,359/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
5 leases of 4-bed houses in 92118 · $13,042–$27,427
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$20,911/mo short at 20% down; 95% down or +$27,158/mo rent closes it.
- Break-even price
- $1,288,933
- Break-even rent
- $40,341/mo
- Cashflow at 35% down
- −$16,720/mo
- Down payment to break even
- 95%
- Rate to break even
- Not reachable
68% under asking
$27,158/mo above the estimate
$3,800,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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