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2351 Terraza Ribera

Ctop 80%

Carlsbad, CA 92009Neighborhood: Rancho La Costa

$1,450,000

STR closed · outside Carlsbad's Coastal Zone

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 10, 2026.

Pass at asking: -$6,463/mo full cashflow at 20% down, 7.43% rate.

Works at $608,571 (58% under asking), or at 85% down.

Rent $6,297/mo from 8 leases of 4–6 bed houses within 1 mi ($5,580–$7,826).

Beds

Baths

Sqft

2,507

Year Built

1992

Days on Market

Property Type

Single Family

HOA/mo

$175

MLS ID

OC26168623

This property is in Carlsbad (92009). View neighborhood stats →

About This Property

New price. Priced to sell in this highly sought after La Costa area of Carlsbad. Spacious floor plan. Light and bright. Vaulted ceilings. Gourmet kitchen with marble countertops, Sub-Zero refrigerator, 6 burner gas range, and other high-end appliances. One bedroom and full bathroom downstairs. Four bedrooms, two full bathrooms and bonus loft upstairs. The large and private primary suite includes a sitting area, separate dressing area with custom built-in closets, and remodeled bathroom. Very private backyard built for entertaining with patio, large fireplace, and valley views. Located in the Alga Hills community with low HOA, no Mello-Roos, and a community pool and spa. Minutes from top-rated schools, shopping, dining, and North County's beautiful beaches.

Mortgage Calculator

Est. Monthly Payment

$10,103

Principal & Interest$8,055

Property Tax$1,450

Insurance$423

HOA$175

Down Payment

%($290,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
La Costa Meadows Elementary · grades K-5 · San Marcos Unified
Middle
San Elijo Middle · grades 6-8 · San Marcos Unified
High
San Marcos High · grades 9-12 · San Marcos Unified

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 found

This Property

$6,297

Comp Average

$6,301

7915 Vista Palma

5bd / 4ba · 2,797 sqft · Single Family

$2.10M

Est. $7,683/mo

3537 Corte Lupe

4bd / 3ba · 2,569 sqft · Single Family

$1.69M

Est. $6,166/mo

2190 Corte Acebo

4bd / 3ba · 2,349 sqft · Single Family

$1.85M

Est. $6,342/mo

6069 Paseo Monona

4bd / 2.5ba · 2,269 sqft · Single Family

$1.70M

Est. $5,673/mo

3106 Corte Nina

4bd / 3ba · 2,345 sqft · Single Family

$1.70M

Est. $5,643/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

16C

Est. Monthly Rent

$6,297

8 leases of 4–6 bed houses within 1 mi · $5,580–$7,826

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,806

Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,463

What would make this work?

$6,463/mo short at 20% down; 85% down or +$8,394/mo rent closes it.

Break-even price: $608,571
Break-even rent: $14,691/mo
Cashflow at 35% down: −$4,953/mo
Down payment to break even: 85%
Rate to break even: Not reachable

Mortgage (P+I)

$8,055

Cap Rate

1.58%

Cash-on-Cash

-26.74%

DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)

$22,886

Price-to-Rent

Lower = better for investors

19.2

* 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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CCashflow−$6,463/mo