1781 Nerine Way
Ctop 80%Carlsbad, CA 92011Neighborhood: Poinsettia
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 14, 2026.
No unit in this 16-unit complex holds a short-term rental permit, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$6,122/mo full cashflow at 20% down, 7.36% rate.
Works at $448,951 (64% under asking), or at 92% down.
Rent $4,852/mo from 9 leases of 3-bed condos & townhomes within 1 mi ($4,412–$5,025).
Beds
3
Baths
2.5
Sqft
1,720
Year Built
2000
Days on Market
0
Property Type
Townhouse
HOA/mo
$305
MLS ID
NDP2610264
This property is in Carlsbad (92011). View neighborhood stats →
About This Property
Experience the ultimate coastal lifestyle in this highly desirable Carlsbad gated neighborhood called Poinsettia Heights. Boasting approximately 1,720 square feet of thoughtfully designed living space, this inviting property features 3 bedrooms and 2.5 bathrooms. Step inside to an open and airy layout filled with natural light, perfect for both everyday living and effortless entertaining. The well-appointed kitchen flows seamlessly into the main living and dining areas, while the generous bedrooms offer comfortable retreats, including a spacious primary suite. Enjoy seamless indoor-outdoor living with a private back patio garden ideal for morning coffee or relaxing in the gentle coastal breeze. The community features a pool, spa, and clubhouse, providing the perfect setting to unwind and enjoy Carlsbad’s beautiful year-round weather. Conveniently located just minutes from top-rated schools (including Poinsettia Elementary and Aviara Oaks Middle), some of North County’s most beautiful beaches, scenic parks, and premier shopping and dining. This is a rare opportunity to own a fantastic home in one of North County's most sought-after zip codes.
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Est. Monthly Payment
$8,816
Location
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Zoned Schools
Elementary
Poinsettia Elementary · grades K-5 · Carlsbad Unified
Middle
Aviara Oaks Middle · grades 6-8 · Carlsbad Unified
High
Sage Creek High · grades 9-12 · Carlsbad Unified
or Carlsbad High · grades 9-12 · Carlsbad Unified
Choice area: the district lets families here pick either school.
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
$4,852
Comp Average
$4,601
874 Marigold Court
2bd / 1.5ba · 1,342 sqft · Condo
$999K
Est. $4,191/mo
1846 Cliff Swallow
3bd / 2.5ba · 1,669 sqft · Townhouse
$1000K
Est. $4,209/mo
7132 Tatler Road
3bd / 2.5ba · 2,144 sqft · Townhouse
$1.35M
Est. $5,405/mo
6852 Widgeon Place
3bd / 2ba · 1,728 sqft · Townhouse
$1.17M
Est. $4,360/mo
6717 Clover Court
3bd / 2.5ba · 1,502 sqft · Townhouse
$1.32M
Est. $4,842/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3-bed condos & townhomes within 1 mi · $4,412–$5,025
Blended 50/50 with the zip's market median ($5,262)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,122/mo short at 20% down; 92% down or +$7,951/mo rent closes it.
- Break-even price
- $448,951
- Break-even rent
- $12,803/mo
- Cashflow at 35% down
- −$4,829/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
64% under asking
$7,951/mo above the estimate
$1,150,000 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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