92 Montego Ct
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92 Montego Ct

Ctop 80%

Coronado, CA 92118

$1,250,000

Pass at asking: -$6,109/mo full cashflow at 20% down, 7.36% rate.

Works at $450,739 (64% under asking), or at 91% down.

Rent $5,545/mo from 8 leases of 2-bed condos & townhomes in 92118 ($4,815–$6,668).

Beds

2

Baths

2.5

Sqft

1,471

Year Built

1982

Days on Market

45

Property Type

Condo

HOA/mo

$825.47

MLS ID

260023700SD

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

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About This Property

Welcome to 92 Montego Court, a beautifully positioned 2-bedroom, 2.5-bath with water views of the Bay and peekaboo views of the ocean, offering 1,471 square feet of coastal living in the Coronado Cays. The home features upgraded flooring, in-unit washer & dryer, two dedicated parking spaces with extra storage, and two expansive balconies designed to take full advantage of its exceptional setting. The spacious primary suite opens to a private waterfront balcony overlooking the intersection of two wide canals, creating sweeping water views directly toward the iconic Loews Coronado Bay Resort. Located in Montego Court, Coronado’s only gated community, this home places boating, paddle-boarding, kayaking, and waterfront recreation just steps from the front door, with direct access to San Diego Bay. The Coronado Cays offers a tranquil, resort-style lifestyle surrounded by lush greenbelts, parks, scenic walking and biking paths, tennis courts, and waterfront access. Silver Strand State Beach is just a short stroll away, while the shops, dining, and charm of Coronado Village are only four scenic miles up the coast.

Mortgage Calculator

Est. Monthly Payment

$9,337

Principal & Interest$6,897
Property Tax$1,250
Insurance$365
HOA$825
%($250,000)
%
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

10C
Est. Monthly Rent
$5,545

8 leases of 2-bed condos & townhomes in 92118 · $4,815–$6,668

Blended 50/50 with the zip's market median ($5,535)

Monthly Cashflow

Rent − PITIA

-$3,792
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,109

What would make this work?

$6,109/mo short at 20% down; 91% down or +$7,934/mo rent closes it.

Break-even price

64% under asking

$450,739
Break-even rent

$7,934/mo above the estimate

$13,479/mo
Cashflow at 35% down
−$4,816/mo
Down payment to break even

$1,137,500 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,897
Cap Rate
1.02%
Cash-on-Cash
-29.32%
DSCR

Need ≥ 1.25 for DSCR loan

0.59

NOI (Annual)
$12,777
Price-to-Rent

Lower = better for investors

18.8

* Modelled at 20% down, 7.36% 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−$6,109/mo