749 Neptune Court
Atop 10%Chula Vista, CA 91910
Pass at asking: -$2,548/mo full cashflow at 20% down, 7.43% rate.
Works at $468,130 (41% under asking), or at 66% down.
Rent $4,670/mo from 12 leases of 4-bed houses within 2 mi ($4,313–$4,550).
Beds
4
Baths
2
Sqft
1,929
Year Built
1968
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608235
This property is in Chula Vista (91910). Browse neighborhood analytics →
About This Property
Location, location, location! This single-story home is 1,929 square feet with 4 bedrooms, 2 bathrooms & a 2-car garage. It also has a long driveway, and the side is perfect for off-street parking. Original Owners purchased new and added a large Family Room and 4th Bedroom. 2 fireplaces, one in the living room and one in the family room. Excellent location in a private cul-de-sac near schools and easy access to freeways. No Mello-Roos taxes or HOA here. The home is having an estate sale Fri-Sun and will be cleared of personal property soon. Bring your sweat equity and grab this sweetheart of a home.
Mortgage Calculator
Est. Monthly Payment
$5,478
Location
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Zoned Schools
Elementary
Halecrest Elementary · grades K-6 · Chula Vista Elementary
Middle
Hilltop Middle · grades 7-8 · Sweetwater Union High
High
Hilltop 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.
Renovation math
Flagged Fixer from the listing remarks — “sweat equity”, “estate sale”.
- Asking now
- $800K
- Worth finished
- $896K
- Budget to renovate
- $96,409
$415/sqft
$465/sqft × 1,929 sqft
$50/sqft to spend
Comparable finished homes nearby suggest this is worth $896K once it's brought to par — about $96,409 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $4,452/mo
- Cashflow at that rent
- −$2,716/mo
$2.31/sqft × 1,929 sqft, median of 5 comps
cap rate 2.93%, DSCR 0.81
Heads up: the rent estimate elsewhere on this page ($4,670/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $4,452/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$4,670
Comp Average
$4,274
389 First Avenue
3bd / 3ba · 1,852 sqft · Single Family
$800K
Est. $4,098/mo
917 Via Terecina
4bd / 2.5ba · 1,827 sqft · Single Family
$849K
Est. $4,324/mo
122 Elder Avenue
3bd / 2ba · 1,926 sqft · Single Family
$840K
Est. $3,789/mo
1085 Winding Oak Drive
4bd / 2.5ba · 1,889 sqft · Single Family
$990K
Est. $4,372/mo
1268 Calle Candelero
4bd / 2.5ba · 2,074 sqft · Single Family
$1.10M
Est. $4,787/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 4-bed houses within 2 mi · $4,313–$4,550
Blended 50/50 with the zip's market median ($4,927)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,548/mo short at 20% down; 66% down or +$3,309/mo rent closes it.
- Break-even price
- $468,130
- Break-even rent
- $7,979/mo
- Cashflow at 35% down
- −$1,715/mo
- Down payment to break even
- 66%
- Rate to break even
- 0.43%
41% under asking
$3,309/mo above the estimate
$527,993 cash
at 20% down
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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