2446 Mica Rd.

2446 Mica Rd.

Dbottom 20%

Carlsbad, CA 92009

$2,200,000
NEW — 0d

Pass at asking: -$12,318/mo full cashflow at 20% down, 7.43% rate.

Works at $596,199 (73% under asking); even all cash loses money at asking.

Rent $6,321/mo from 14 leases of 3–5 bed houses within 1 mi ($6,237–$7,374).

Beds

4

Baths

4

Sqft

3,104

Year Built

2010

Days on Market

0

Property Type

Single Family

HOA/mo

$288

MLS ID

260026564SD

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

About This Property

Welcome to 2446 Mica Road, a beautifully updated home offering the perfect blend of modern elegance, comfort, and effortless indoor-outdoor living in one of Carlsbad's most desirable neighborhoods. Step inside to discover a light-filled, open-concept floor plan featuring rich, dark hardwood floors, fresh finishes, and inviting spaces designed for both everyday living and entertaining. The renovated kitchen is the heart of the home, showcasing sleek quartz countertops, stainless steel appliances, and a seamless connection to the main living areas. Expansive bifold doors open wide to a lush, grassy backyard, creating an incredible indoor-outdoor flow and a private setting for relaxing, entertaining, or enjoying Carlsbad's year-round coastal climate. Upstairs, you'll find four generously sized bedrooms with brand-new carpeting, including a luxurious primary retreat featuring a spa-inspired bathroom and spacious walk-in closet. A dedicated downstairs office could also be another bedroom and provides the perfect space for working from home, studying, or enjoying a quiet escape. Additional highlights include fully-owned solar panels, offering energy efficiency and savings on electricity costs. Located in the highly regarded Carlsbad school district, near Poinsettia Elementary, Alga Norte Community Park, shopping and dining. Residents also enjoy exclusive access to The Presidio, La Costa Greens' resort-style recreation center featuring a pool, spa, fitness center, tennis and pickleball courts, and clubhouse.

Mortgage Calculator

Est. Monthly Payment

$15,352

Principal & Interest$12,222
Property Tax$2,200
Insurance$642
HOA$288
%($440,000)
%
Loan Term

Location

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Investment Score

1D
Est. Monthly Rent
$6,321

14 leases of 3–5 bed houses within 1 mi · $6,237–$7,374

Blended 50/50 with the zip's market median ($6,114)

Monthly Cashflow

Rent − PITIA

-$9,031
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,318

What would make this work?

$12,318/mo short at 20% down; +$15,998/mo rent closes it.

Break-even price

73% under asking

$596,199
Break-even rent

$15,998/mo above the estimate

$22,319/mo
Cashflow at 35% down
−$10,026/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)
$12,222
Cap Rate
0.12%
Cash-on-Cash
-33.59%
DSCR

Need ≥ 1.25 for DSCR loan

0.41

NOI (Annual)
$2,639
Price-to-Rent

Lower = better for investors

29.0

* 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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DCashflow−$12,318/mo