1620 New Crest Court

1620 New Crest Court

Dbottom 20%

Carlsbad, CA 92011

$2,695,000
NEW — 0d

Pass at asking: -$16,395/mo full cashflow at 20% down, 7.49% rate.

Works at $569,390 (79% under asking); even all cash loses money at asking.

Rent $6,001/mo from 12 leases of 2–4 bed houses within 1 mi ($6,301–$6,918).

Beds

3

Baths

3.5

Sqft

3,113

Year Built

2015

Days on Market

0

Property Type

Single Family

HOA/mo

$229

MLS ID

OC26236382

This property is in Carlsbad (92011). View neighborhood stats →

About This Property

Character, flexibility and effortless single-level living come together at this Spanish-inspired retreat in Carlsbad's intimate New Crest Court enclave. Behind a tile roof and graceful arches, a private courtyard sets the tone, leading to approximately 3,113 square feet of living space with three bedrooms and three-and-a-half baths on a generous 10,078-square-foot lot. The detached casita, with its own dedicated air conditioning, is ready to become whatever you need: a guest suite for visiting family, a quiet home office or a creative studio set apart from the main house. Engineered wood floors and nine-foot ceilings draw you into the showpiece great room, where 16-foot ceilings, a fireplace and built-in shelving create a space that feels both grand and inviting. The open kitchen anchors it all, with a large seated island, quartz and granite counters and rich cabinetry that keep the cook in the conversation. Light streams through oversized windows, and folding glass doors open wide to a covered patio, made for Southern California evenings outdoors. Retreat to the spacious primary suite with a generous bath and walk-in closet. Thoughtful upgrades include new carpet (2026), insulated interior walls, dual AC units and a three-car tandem garage. A rare blend of architectural charm and everyday ease, just minutes from Carlsbad's beaches, shopping and dining.

Mortgage Calculator

Est. Monthly Payment

$18,770

Principal & Interest$15,060
Property Tax$2,695
Insurance$786
HOA$229
%($539,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$6,001

12 leases of 2–4 bed houses within 1 mi · $6,301–$6,918

Blended 50/50 with the zip's market median ($5,397)

Monthly Cashflow

Rent − PITIA

-$12,769
Full Cashflow

Incl. vacancy, PM, maint, capex

-$16,395

What would make this work?

$16,395/mo short at 20% down; +$21,293/mo rent closes it.

Break-even price

79% under asking

$569,390
Break-even rent

$21,293/mo above the estimate

$27,294/mo
Cashflow at 35% down
−$13,572/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)
$15,060
Cap Rate
-0.46%
Cash-on-Cash
-36.50%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$12,420
Price-to-Rent

Lower = better for investors

37.4

* Modelled at 20% down, 7.49% 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−$16,395/mo