
22 Montego Court
Ctop 80%Coronado, CA 92118
Pass at asking: -$5,589/mo full cashflow at 20% down, 7.43% rate.
Works at $411,310 (64% under asking), or at 91% down.
Rent $5,191/mo from 5 leases of 1-bed condos & townhomes in 92118 ($4,462–$5,178).
Beds
1
Baths
2
Sqft
1,471
Year Built
1982
Days on Market
118
Property Type
Condo
HOA/mo
$838
MLS ID
CV26153535
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
Located within the coveted waterfront community of Coronado Cays, this elevated residence presents an exceptional opportunity to enjoy panoramic views spanning the Pacific Ocean, San Diego Bay, the surrounding marina, Coronado Islands, Point Loma, and the Coronado skyline. A wide staircase ascends to the private front entry, where an expansive living room featuring recessed lighting, a marble-surround fireplace, custom built-in cabinetry with glass display shelving, and a wall of sliding glass doors to a balcony. The adjoining dining area flows seamlessly into the kitchen, appointed with wood cabinetry, tiled countertops, generous preparation space, a breakfast bar with seating, and an open pass-through that connects to the main living area. The main level is further complemented by a bathroom featuring a vanity and walk-in shower. A staircase leads to the private upper level, where the expansive primary suite was originally designed to occupy the footprint of the community's larger two-bedroom floor plan, creates an exceptionally spacious retreat with ample room for both a sleeping area and sitting space with the flexibility for conversion back to a two-bedroom layout if desired. Sliding glass doors open to a private balcony showcasing panoramic views of the Pacific, San Diego Bay, the marina, Coronado Islands, Point Loma, and the Coronado skyline, while providing a front-row seat to spectacular sunsets and refreshing ocean breezes. The suite is complemented by a generous walk-in closet, a standard closet, a primary bathroom, and a conveniently located hallway laundry area. Additional highlights include recessed lighting, a dedicated two-car covered carport with overhead storage cabinets, and abundant guest parking throughout the community. Residents enjoy beautifully maintained grounds surrounded by lush tropical landscaping, resort-inspired amenities including a swimming pool, spa, sun deck with lounge seating, and clubhouse. Just beyond the community are waterfront walking paths, beaches, marinas, yacht clubs, parks, acclaimed restaurants, boutique shopping, and all that Coronado has to offer. Renowned for its year-round temperate coastal climate, Coronado enjoys refreshing ocean breezes, mild conditions throughout every season, and summer temperatures that remain noticeably cooler than inland Southern California, offering an exceptional opportunity to own within one of Southern California's most prestigious and sought-after waterfront communities.
Mortgage Calculator
Est. Monthly Payment
$8,637
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 foundThis Property
$5,191
Comp Average
$5,037
92 Montego Ct
2bd / 2.5ba · 1,471 sqft · Condo
$1.25M
Est. $5,434/mo
32 Montego Court
2bd / 2.5ba · 1,471 sqft · Condo
$1.50M
Est. $5,434/mo
333 Orange Ave
2bd / 2ba · 1,087 sqft · Condo
$1.20M
Est. $4,295/mo

87 Kingston Ct
2bd / 2ba · 1,650 sqft · Condo
$1.70M
Est. $5,598/mo
1820 Avenida Del Mundo
1bd / 1.5ba · 1,100 sqft · Condo
$1.50M
Est. $4,423/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
5 leases of 1-bed condos & townhomes in 92118 · $4,462–$5,178
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,589/mo short at 20% down; 91% down or +$7,258/mo rent closes it.
- Break-even price
- $411,310
- Break-even rent
- $12,449/mo
- Cashflow at 35% down
- −$4,402/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
64% under asking
$7,258/mo above the estimate
$1,036,490 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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