46 Blue Anchor Cay Rd
Ctop 80%Coronado, CA 92118
Pass at asking: -$14,401/mo full cashflow at 20% down, 7.43% rate.
Works at $1,704,999 (52% under asking), or at 78% down.
Rent $17,266/mo from 4 leases of 4-bed houses in 92118 ($10,920–$26,573).
Beds
4
Baths
3.5
Sqft
2,862
Year Built
1983
Days on Market
127
Property Type
Single Family
HOA/mo
$200
MLS ID
260016380SD
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
Comfortable Coastal Living with Flair! * Distinct waterfront property that starts with beautiful curb appeal that transitions into a expansive flexible floorplan * Loaded with copious amounts of upgrades, extras and designer touches & updates * Features incl. 38' boat dock, downstairs owners suite, 3 car garage, oversized lot * Please see supplement! Features custom driveway, fresh outside paint, new light fixtures * Large unique double doors * Open floorplan, entertainers sized dining room * Floor to ceiling windows, power blinds * Den could be 5th br. * Designer style guest bath * Primary suite, w2w & walk-in closets, gorgeous ba. with step out to spa, gardens * Modern updated kit. top shelf appliances, atrium views, breakfast nook+ * Direct access to 3 car gar. storage cabs, workbench+ * Custom modern stairway, light fixtures * Big Br's with wonderful ba's, View deck, walk-in closet, mini service kit.++ * Huge water view tiled patio & spa & updated boat slip * Perfect for care, multi gen * Newer floor coverings, newer roof, newer HVAC CLB for many more improvements, the community + This house proves Life is Good!
Mortgage Calculator
Est. Monthly Payment
$24,713
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
$17,266
Comp Average
$11,551
52 Port Of Spain
4bd / 2.5ba · 2,293 sqft · Single Family
$2.40M
Est. $11,183/mo
25 The Point
4bd / 4.5ba · 3,316 sqft · Single Family
$5.00M
Est. $18,585/mo
814 F Avenue
4bd / 3.5ba · 2,664 sqft · Single Family
$2.88M
Est. $9,344/mo
728 I
5bd / 4ba · 3,026 sqft · Single Family
$4.89M
Est. $9,972/mo
825 9th Street
4bd / 3.5ba · 2,433 sqft · Single Family
$3.30M
Est. $8,672/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
4 leases of 4-bed houses in 92118 · $10,920–$26,573
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$14,401/mo short at 20% down; 78% down or +$18,702/mo rent closes it.
- Break-even price
- $1,704,999
- Break-even rent
- $35,968/mo
- Cashflow at 35% down
- −$10,672/mo
- Down payment to break even
- 78%
- Rate to break even
- Not reachable
52% under asking
$18,702/mo above the estimate
$2,792,400 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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