545 Canyon Drive
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545 Canyon Drive

Ctop 80%

Bonita, CA 91902

$1,150,000

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 →

Virtual Tour

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.

Mortgage Calculator

Est. Monthly Payment

$7,874

Principal & Interest$6,389
Property Tax$1,150
Insurance$335
%($230,000)
%
Loan Term

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.

Investment Score

12C
Est. Monthly Rent
$4,427

12 leases of 3-bed houses within 2 mi · $4,212–$4,460

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,447
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,423

What would make this work?

$5,423/mo short at 20% down; 88% down or +$7,043/mo rent closes it.

Break-even price

61% under asking

$443,889
Break-even rent

$7,043/mo above the estimate

$11,470/mo
Cashflow at 35% down
−$4,225/mo
Down payment to break even

$1,012,000 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,389
Cap Rate
1.24%
Cash-on-Cash
-28.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.56

NOI (Annual)
$14,242
Price-to-Rent

Lower = better for investors

21.6

* 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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CCashflow−$5,423/mo