438 Ridgeview Ct
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438 Ridgeview Ct

Btop 30%

Bonita, CA 91902

$995,000
NEW — 0d

Pass at asking: -$3,737/mo full cashflow at 20% down, 7.43% rate.

Works at $508,431 (49% under asking), or at 75% down.

Rent $5,071/mo from 13 leases of 4-bed houses within 2 mi ($4,229–$4,754).

Beds

4

Baths

2

Sqft

1,876

Year Built

1978

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026368SD

This property is in Bonita (91902). Browse neighborhood analytics →

About This Property

A quiet Bonita setting. A canyon backdrop. Room to make it yours. Tucked at the end of a cul-de-sac, 438 Ridgeview Court offers single-level living with four bedrooms, two bathrooms, and approximately 1,876 square feet. A classic tile roof and gated arched entry introduce a private interior courtyard, creating a welcoming sense of arrival. Inside, tile flooring connects the main living spaces, where a full-height brick fireplace adds warmth and sliding glass doors draw you toward the canyon greenery. The kitchen features a gas cooktop, double wall ovens, a peninsula, and an adjoining breakfast nook. The primary suite opens through French doors to the patio and includes a walk-in shower with a built-in bench. Three additional bedrooms offer flexibility for guests, work, or creative pursuits. Central air conditioning and ceiling fans add everyday comfort. Across the back of the home, a generous paver terrace invites outdoor dining, quiet mornings, and evenings in the spa overlooking the canyon. Mature citrus trees, lawn, and gravel areas complement the grounds, while an attached two-car garage and wide paver driveway provide practical convenience. Well cared for, with opportunities for personal updates, this is a home to settle into, enjoy, and thoughtfully make your own. Pre-listing home and termite inspections are complete. Buyers are responsible for conducting their own due diligence and independently verifying all listing information, including room dimensions, square footage, and other property details.

Mortgage Calculator

Est. Monthly Payment

$6,813

Principal & Interest$5,528
Property Tax$995
Insurance$290
%($199,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Allen (Ella B.) Elementary · grades K-6 · Chula Vista Elementary

  • Middle

    Bonita Vista Middle · grades 7-8 · Sweetwater Union High

  • High

    Bonita Vista Senior 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

39B
Est. Monthly Rent
$5,071

13 leases of 4-bed houses within 2 mi · $4,229–$4,754

Blended 50/50 with the zip's market median ($5,732)

Monthly Cashflow

Rent − PITIA

-$1,742
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,737

What would make this work?

$3,737/mo short at 20% down; 75% down or +$4,853/mo rent closes it.

Break-even price

49% under asking

$508,431
Break-even rent

$4,853/mo above the estimate

$9,924/mo
Cashflow at 35% down
−$2,701/mo
Down payment to break even

$746,250 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,528
Cap Rate
2.47%
Cash-on-Cash
-22.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$24,529
Price-to-Rent

Lower = better for investors

16.4

* 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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BCashflow−$3,737/mo