
92 Montego Ct
Ctop 80%Coronado, CA 92118
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$5,545
Comp Average
$5,522
22 Montego Court
1bd / 2ba · 1,471 sqft · Condo
$1.14M
Est. $5,227/mo
32 Montego Court
2bd / 2.5ba · 1,471 sqft · Condo
$1.50M
Est. $5,545/mo
87 Kingston Ct
2bd / 2ba · 1,650 sqft · Condo
$1.70M
Est. $5,709/mo
1133 1st St
2bd / 2ba · 1,447 sqft · Condo
$1.90M
Est. $5,441/mo
13 Antigua Court
2bd / 2ba · 1,585 sqft · Condo
$1.82M
Est. $5,689/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Coronado bans stays of 25 days or less in residential zones. See the rules
Investment Score
8 leases of 2-bed condos & townhomes in 92118 · $4,815–$6,668
Blended 50/50 with the zip's market median ($5,535)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,109/mo short at 20% down; 91% down or +$7,934/mo rent closes it.
- Break-even price
- $450,739
- Break-even rent
- $13,479/mo
- Cashflow at 35% down
- −$4,816/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
64% under asking
$7,934/mo above the estimate
$1,137,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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