41 Spinnaker Way
Dbottom 20%Coronado, CA 92118
Pass at asking: -$15,490/mo full cashflow at 20% down, 7.43% rate.
Works at $733,098 (73% under asking); even all cash loses money at asking.
Rent $7,584/mo from 5 leases of 2-bed houses in 92118 ($6,024–$7,716).
Beds
2
Baths
2.5
Sqft
2,666
Year Built
1989
Days on Market
91
Property Type
Single Family
HOA/mo
$209
MLS ID
PTP2606107
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
Rare waterfront opportunity directly on the sand! Featuring spectacular, unobstructed South and East San Diego Bay views, the home offers an ideal canvas for buyer looking to bring their personal design and remodel touches. The Coronado Cays community, located on the San Diego Bay, is California’s only residential marina community South of Newport Beach. In fact, 41 Spinnaker Way offers breathtaking views to the south as well as east of the San Diego Bay and sits directly on the sand - Enjoy your own beach! This house also provides a new homeowner, or investor, the opportunity to completely remodel and update the residence from the ground up. Currently, the house has very large dual-master suites on the second floor, and a third bedroom can easily be reconfigured on the first or second floor.
Mortgage Calculator
Est. Monthly Payment
$19,038
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
$7,584
Comp Average
$7,707
221 B Ave
3bd / 3.5ba · 2,287 sqft · Single Family
$2.50M
Est. $8,195/mo
22 Catspaw Cape
3bd / 2.5ba · 2,242 sqft · Single Family
$2.30M
Est. $7,564/mo
1630 Miguel Avenue
3bd / 3ba · 2,116 sqft · Single Family
$3.12M
Est. $7,907/mo
305 J Avenue
3bd / 3.5ba · 2,249 sqft · Single Family
$3.70M
Est. $7,606/mo
200 E Ave
3bd / 3ba · 2,080 sqft · Single Family
$2.75M
Est. $7,261/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 2-bed houses in 92118 · $6,024–$7,716
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$15,490/mo short at 20% down; +$20,117/mo rent closes it.
- Break-even price
- $733,098
- Break-even rent
- $27,701/mo
- Cashflow at 35% down
- −$12,626/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
73% under asking
$20,117/mo above the estimate
Negative even all-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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