730 E Avenue

730 E Avenue

Dbottom 20%

Coronado, CA 92118

$1,049,000

Pass at asking: -$5,832/mo full cashflow at 20% down, 7.43% rate.

Works at $289,714 (72% under asking); even all cash loses money at asking.

Rent $3,552/mo from 8 leases of 1–3 bed condos & townhomes within 1 mi ($3,458–$4,077).

Beds

2

Baths

2

Sqft

805

Year Built

1966

Days on Market

—

Property Type

Condo

HOA/mo

$510

MLS ID

260026675SD

This property is in Coronado (92118). Browse neighborhood analytics →

About This Property

Charming Coronado Village Condo! Move-in ready and tastefully updated throughout, this home features a brand new kitchen with new cabinetry, countertops, backsplash, refrigerator, stove and microwave. Enjoy all new shutters in the living room, built in blackout shades in both bedrooms, new mirrored closet doors and new bedroom and bathroom doors. Fresh new carpet in both bedrooms, new paint throughout and updated light fixtures in the dining and living rooms add a clean modern feel. The entire building also has been beautifully renovated in 2024 including new stucco, paint and extensive exterior improvements. Walking distance to all 3 Award Winning Schools -Village Elementary, Coronado Middle and Coronado High. HOA fees include water/sewer/trash and exterior/common area maintenance. This is a wonderful opportunity to own a beautiful home ideally located in the heart of Coronado, minutes from the beach, restaurants, shops and the village's vibrant coastal lifestyle!

Mortgage Calculator

Est. Monthly Payment

$7,693

Principal & Interest$5,828
Property Tax$1,049
Insurance$306
HOA$510
%($209,800)
%
Loan Term

Location

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Comparable Properties

3 comps found

This Property

$3,552

vs

Comp Average

$4,279

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

2D
Est. Monthly Rent
$3,552

8 leases of 1–3 bed condos & townhomes within 1 mi · $3,458–$4,077

Monthly Cashflow

Rent − PITIA

-$4,141
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,832

What would make this work?

$5,832/mo short at 20% down; +$7,574/mo rent closes it.

Break-even price

72% under asking

$289,714
Break-even rent

$7,574/mo above the estimate

$11,126/mo
Cashflow at 35% down
−$4,739/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,828
Cap Rate
0.20%
Cash-on-Cash
-33.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.46

NOI (Annual)
$2,082
Price-to-Rent

Lower = better for investors

24.6

* 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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DCashflow−$5,832/mo