21 Buccaneer Way

21 Buccaneer Way

Ctop 80%

Coronado, CA 92118

$4,000,000
NEW — 0d

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.

Mortgage Calculator

Est. Monthly Payment

$27,729

Principal & Interest$22,353
Property Tax$4,000
Insurance$1,167
HOA$209
%($800,000)
%
Loan Term

Location

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Investment Score

6C
Est. Monthly Rent
$13,183

5 leases of 4-bed houses in 92118 · $13,042–$27,427

Monthly Cashflow

Rent − PITIA

-$14,546
Full Cashflow

Incl. vacancy, PM, maint, capex

-$20,911

What would make this work?

$20,911/mo short at 20% down; 95% down or +$27,158/mo rent closes it.

Break-even price

68% under asking

$1,288,933
Break-even rent

$27,158/mo above the estimate

$40,341/mo
Cashflow at 35% down
−$16,720/mo
Down payment to break even

$3,800,000 cash

95%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$22,353
Cap Rate
0.63%
Cash-on-Cash
-31.37%
DSCR

Need ≥ 1.25 for DSCR loan

0.48

NOI (Annual)
$25,209
Price-to-Rent

Lower = better for investors

25.3

* 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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CCashflow−$20,911/mo