1005 Canvasback Drive

1005 Canvasback Drive

D

Carlsbad, CA 92011

$2,849,000
NEW — 1d on market

Soft Appraisal Value: $2,747,300 · 3.7% above estimate

Beds

5

Baths

4.5

Sqft

3,199

Year Built

2006

Days on Market

1

Property Type

Single Family

HOA/mo

$227

MLS ID

NDP2510564

Description

Welcome to this beautiful oasis situated in the ideal cul-de-sac of the prestigious Bay Collection. Enjoy panoramic ocean views and sunsets, expansive green space, a large pool and spa, outdoor BBQ, and a custom elevated patio deck — all on one of the largest lots in the community. This home features leased solar for the house and owned solar for the pool, as well as a whole-house fan for energy-efficient comfort. Inside, you’ll find beautiful granite and dark wood cabinetry throughout, travertine floors and granite countertops in the bathrooms, and newer wood floors that flow through the open living areas. The kitchen has been thoughtfully updated with new canned LED lighting that never needs bulb replacement, fresh pendant lights, and convenient pull-out shelving in the cabinets. Large, newer sliding glass doors fill the home with natural light and invite in the refreshing ocean breeze. The floor plan is flexible with one full bedroom and bath downstairs, plus three bedrooms and a spacious bonus room upstairs that could serve as a fifth bedroom. The front living room has been enclosed with elegant double glass barn doors, creating a perfect home office or quiet retreat. Additional upgrades include a tankless water heater, recirculating pump for instant hot water, and a three-car garage with built-in cabinetry, new lighting, and a one-year-old smart garage door opener with a built-in camera. The seller has added extensive landscaping with fruit trees, a built-in BBQ island, and the pool and spa, creating a private outdoor paradise. From the master balcony, unwind in the evenings and enjoy breathtaking sunsets over the ocean. Home is plumbed and ready for a/c and has whole house fan. All this, located close to top-rated schools, shops, restaurants, Batiquitos Lagoon, and the beach, making this one of Carlsbad’s most desirable neighborhoods!

Mortgage Calculator

Est. Monthly Payment

$18,313

Principal & Interest$14,406
Property Tax$2,849
Insurance$831
HOA$227
%($569,800)
%

Comparable Properties

2 comps found

This Property

$7,814

vs

Comp Average

$7,871

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$7,814
Monthly Cashflow

Rent − PITI − HOA

$-10,499
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,670

Mortgage (P+I)
$14,406
Cap Rate
-0.11%
Cash-on-Cash
-22.11%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$18,313

NOI (Annual)
$-3,173
Price-to-Rent

Lower = better for investors

30.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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