2822 Winthrop Ave

2822 Winthrop Ave

D

Carlsbad, CA 92010

$679,000

Beds

2

Baths

2

Sqft

994

Year Built

1987

Days on Market

12

Property Type

Condo

HOA/mo

$395

MLS ID

260003959SD

Description

Incredible opportunity to own a RARELY AVAILABLE, SPACIOUS TOP-FLOOR, END UNIT in the highly desirable Villas of Calavera Hills. AMAZING CANYON VIEWS OF NATURAL OPEN SPACE from the primary bedroom, living room and private patio. Your new home features an open layout with abundant natural light, vaulted ceiling, fireplace and in-unit, full-sized W&D. One-car garage with 5’x10’ storage, plus a dedicated, reserved parking space and ample guest parking in the community. SUPPLEMENTAL REMARKS Read "About 2822 Winthrop & Calavera Hills" and "Lake Calavera Open Space Preserve & Trail Guide" under Documents tab on MLS. The Villas is an established, well maintained development with mature landscaping, swimming pool and spa. Dedicated garage with storage and dedicated non-garage parking space is #165. Ample parking on Chatham Rd, 11 visitor parking spaces on Winthrop in front of garages #171-#176. HOA fees cover trash pickup, sewer, water and pest control. Upgrades (2020), remodeled kitchen including new cabinets, counters and appliances. Upgrades (2022), fully-remodeled primary and second bathrooms. Drive to the beach and Carlsbad village is approx. 3-miles and 10-minutes away. Walking distance to Hope Elementary (one-half mile, 2-minute drive) and a short drive to Calavera Middle School (1.5 miles, 5-minute drive) in the Carlsbad Unified School District. OPEN SPACE: Nearly 80% of the existing preserved open space in Carlsbad is “natural open space,” large undeveloped areas with nature trails and areas for sensitive plants and animals. Carlsbad is the only North County city with an approved Habitat Management Plan, which is a 50-year, comprehensive biological approach to preserving natural land for plant and animal species.

Mortgage Calculator

Est. Monthly Payment

$4,705

Principal & Interest$3,433
Property Tax$679
Insurance$198
HOA$395
%($135,800)
%

Investment Score

5D
Est. Monthly Rent

Market Rent Estimate

$2,959
Monthly Cashflow

Rent − PITI − HOA

$-1,746
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,993

Mortgage (P+I)
$3,433
Cap Rate
0.78%
Cash-on-Cash
-15.43%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.86
Break-even Rent
$4,705

NOI (Annual)
$5,287
Price-to-Rent

Lower = better for investors

19.1

* Defaults: 20% down, 6.5% rate, 30yr.

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