
545 Canyon Drive
Ctop 80%Bonita, CA 91902
Pass at asking: -$5,423/mo full cashflow at 20% down, 7.43% rate.
Works at $443,889 (61% under asking), or at 88% down.
Rent $4,427/mo from 12 leases of 3-bed houses within 2 mi ($4,212–$4,460).
Beds
3
Baths
2.5
Sqft
1,916
Year Built
1989
Days on Market
54
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2607043
This property is in Bonita (91902). Browse neighborhood analytics →
About This Property
Welcome to 545 Canyon Dr, a spacious Bonita home offering a blend of comfort, functionality, and incredible potential. Situated on an approximately 10,662-square-foot lot, this home features 1,916 square feet of living space, an attached 3-car garage, and a huge backyard with endless possibilities. Inside, the home offers a welcoming and functional layout with a cozy living room fireplace and a convenient half bathroom on the main level. One of the upstairs bedrooms has been thoughtfully converted into an expansive closet suite connected to the primary bedroom, creating an impressive private retreat with exceptional storage and dressing space. The oversized backyard is one of the true highlights of the property. With plenty of room to entertain, expand, garden, or create your own outdoor oasis, the possibilities are endless. A built-in BBQ and gazebo make it ready for gatherings and enjoying Southern California’s year-round weather, while potential RV parking adds even more flexibility. For buyers looking for multigenerational living, additional space, or future income potential, the owner already has plans for an ADU, providing a head start on maximizing the property’s generous lot. Additional features include leased solar panels, abundant driveway parking, and the highly sought-after 3-car garage. Located in desirable Bonita, the home is conveniently situated near schools, parks, shopping, dining, Southwestern College, major freeways, hiking and horse trails, and other recreational amenities. With its oversized lot, 3-car garage, impressive primary closet suite, ADU plans, and expansive backyard, 545 Canyon Dr offers a unique opportunity to create a property that fits your lifestyle today while providing possibilities for the future.
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Est. Monthly Payment
$7,874
Location
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Zoned Schools
Elementary
Tiffany (Burton C.) 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.
Comparable Properties
5 comps foundThis Property
$4,427
Comp Average
$4,729

438 Ridgeview Ct
4bd / 2ba · 1,876 sqft · Single Family
$995K
Est. $4,380/mo
1390 Ridgeview Way
4bd / 2.5ba · 2,113 sqft · Single Family
$1.15M
Est. $5,132/mo
3630 Bonita Glen Terrace
4bd / 2ba · 1,932 sqft · Single Family
$1.26M
Est. $5,273/mo
376 Camino Elevado
4bd / 2ba · 1,903 sqft · Single Family
$1.25M
Est. $4,565/mo
3618 Pradera
3bd / 2ba · 1,700 sqft · Single Family
$1.20M
Est. $4,295/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 3-bed houses within 2 mi · $4,212–$4,460
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,423/mo short at 20% down; 88% down or +$7,043/mo rent closes it.
- Break-even price
- $443,889
- Break-even rent
- $11,470/mo
- Cashflow at 35% down
- −$4,225/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$7,043/mo above the estimate
$1,012,000 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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