87 Kingston Ct
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87 Kingston Ct

Dbottom 20%

Coronado, CA 92118

$1,699,000

Pass at asking: -$9,652/mo full cashflow at 20% down, 7.43% rate.

Works at $442,356 (74% under asking); even all cash loses money at asking.

Rent $5,598/mo from 8 leases of 2-bed condos & townhomes in 92118 ($5,099–$7,062).

Beds

2

Baths

2

Sqft

1,650

Year Built

1980

Days on Market

69

Property Type

Condo

HOA/mo

$913

MLS ID

260021516SD

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

Virtual Tour

About This Property

PRICED TO SELL! At $1,699,000, 87 Kingston Ct offers a fully renovated ground floor waterfront home priced in line with recent unrenovated sales in the same village. Enjoy the sound of halyards on the bay, crashing waves from the Pacific, and seabirds from this fully renovated and ADA accessible split floor plan in the Coronado Cays. This condo offers designer cabinetry, stainless appliances, and luxury vinyl plank flooring throughout, with an open-concept great room where the kitchen, dining, and living areas flow together. The west-facing corner position opens onto an oversized waterfront patio. The master-suite wakes up to the same water views, with walk-in closet and private owners' storage rounding out the layout. Step outside and you're a short walk from the tennis and pickleball courts, the neighborhood dog park, the Coronado Cays Yacht Club, and a casual lunch at Calypso Café. Grand Caribe Isle sits at the end of the peninsula for morning walks, evening fishing, and launching a paddleboard into the flat water. And when it's time to head out on your own boat, a 32.5-foot slip, included with your HOA, and long enough for a center console, day cruiser, or small sportfisher, is waiting steps from the unit. A single car attached garage provides for additional storage for all of your beach toys Fully renovated Cays waterfront homes at this price point are the exception, not the rule. At $1,699,000, this one won't wait long.

Mortgage Calculator

Est. Monthly Payment

$12,546

Principal & Interest$9,439
Property Tax$1,699
Insurance$496
HOA$913
%($339,800)
%
Loan Term

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.

Short-term not available here. Coronado bans stays of 25 days or less in residential zones. See the rules

Investment Score

0D
Est. Monthly Rent
$5,598

8 leases of 2-bed condos & townhomes in 92118 · $5,099–$7,062

Blended 50/50 with the zip's market median ($5,312)

Monthly Cashflow

Rent − PITIA

-$6,949
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,652

What would make this work?

$9,652/mo short at 20% down; +$12,535/mo rent closes it.

Break-even price

74% under asking

$442,356
Break-even rent

$12,535/mo above the estimate

$18,133/mo
Cashflow at 35% down
−$7,882/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)
$9,439
Cap Rate
0.05%
Cash-on-Cash
-34.09%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
$798
Price-to-Rent

Lower = better for investors

25.3

* 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−$9,652/mo