2275 Cameo Rd
Ctop 80%Carlsbad, CA 92008Neighborhood: Olde Carlsbad
1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 6, 2026.
Pass at asking: -$12,809/mo full cashflow at 20% down, 7.43% rate.
Works at $681,191 (71% under asking), or at 99% down.
Rent $6,795/mo from 14 leases of 4–6 bed houses within 2 mi ($5,451–$7,274).
Beds
5
Baths
4.5
Sqft
2,590
Year Built
1965
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026416SD
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
A truly unique opportunity in Olde Carlsbad, this beautifully remodeled home offers a combination rarely found in the area: an exceptional main residence, a thoughtfully upgraded backyard, and an attached ADU. Inside, engineered hardwood flooring and quality modern finishes create a warm, refined feel throughout. The functional floor plan offers an additional upstairs en-suite, providing flexibility and comfort for family and guests. One of the property's most compelling features is the private ADU, offering incredible versatility for extended family, guests, a private workspace, or potential rental income. This additional living space is a standout feature that sets the property apart from others in the neighborhood. The backyard has been equally well considered, featuring an inviting outdoor entertaining space with a built-in BBQ and serving area, creating the perfect setting for gatherings and enjoying the Southern California lifestyle. Additional highlights include a Tesla Powerwall, adding valuable energy storage capability. Beautifully remodeled, thoughtfully upgraded, and exceptionally versatile, this is a rare opportunity to own a property that truly stands apart in Olde Carlsbad.
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Est. Monthly Payment
$16,084
Location
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Zoned Schools
Elementary
Magnolia Elementary · grades K-5 · Carlsbad Unified
Middle
Valley 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
$6,795
Comp Average
$6,615
3485 Ridgecrest
5bd / 3ba · 2,840 sqft · Single Family
$1.90M
Est. $6,744/mo
3480 Charter Oak Road
5bd / 3ba · 2,473 sqft · Single Family
$2.17M
Est. $6,448/mo
4208 Park Dr
4bd / 4ba · 2,518 sqft · Single Family
$2.30M
Est. $6,619/mo
4465 Highland Drive Drive
5bd / 2ba · 2,632 sqft · Single Family
$3.10M
Est. $6,579/mo
4347 Highland Drive
6bd / 3ba · 2,450 sqft · Single Family
$3.00M
Est. $6,686/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules
Investment Score
14 leases of 4–6 bed houses within 2 mi · $5,451–$7,274
Blended 50/50 with the zip's market median ($7,608)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$12,809/mo short at 20% down; 99% down or +$16,635/mo rent closes it.
- Break-even price
- $681,191
- Break-even rent
- $23,430/mo
- Cashflow at 35% down
- −$10,362/mo
- Down payment to break even
- 99%
- Rate to break even
- Not reachable
71% under asking
$16,635/mo above the estimate
$2,325,510 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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