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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Coronado at 48 Montego Ct, Coronado, CA, 92118 with 5% annual appreciation on a $1,249,000 basis while $10,309/mo rent supports operations. Total monthly income totals $10,309/mo and a $6,113/mo payment preserves $1,840/mo for cash returns. Annual cash flow comes to $22,076/yr on $404,676 deployed, and return on cash invested reaches 25.83% in year one. Equity gained on principal adds $8,060/yr, and five-year appreciation sums $345,076 alongside rental yield of 9.9%. Five-year ROI measures 135.26% and total cumulative return in cash totals $547,379.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $10,309/mo property income versus a $6,113/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1980
N/A lot
$N/A/sqft
$743 monthly HOA
Neighborhood data shown for ZIP Code: 92118, Coronado, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,444 (100%) |
| Owner Occupied HU | 3,689 (39.1%) |
| Renter Occupied HU | 3,557 (37.7%) |
| Vacant Housing Units | 2,198 (23.3%) |
| Median Home Value | $1,966,411 |
| Average Home Value | $1,820,784 |
Residential
9,234
Single Family
5,773
Multi-Family
3,461
Businesses
511
Date | Event | Price |
|---|---|---|
| 2024-06-03 | Price change | $1,249,000 |
| 2024-04-27 | Listed for sale | $1,299,000 |
| 2014-07-25 | Sold | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $8272.42 | 1.87% | $736,417 | 2.00% |
| 2022-08-15 | $8120.56 | 1.45% | $721,979 | 2.00% |
| 2021-08-15 | $8004.14 | 2.78% | $707,824 | 1.04% |
Listed by: Jaime P Bea • Coronado Cays Realty
Mls Name: SDMLS
Mls Provider:
Mls ID: #240009177
Disclaimer: This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation 2024 San Diego MLS.
