2917 Rancho Rio Chico
Ctop 80%Carlsbad, CA 92009
Pass at asking: -$7,916/mo full cashflow at 20% down, 7.43% rate.
Works at $519,327 (66% under asking), or at 94% down.
Rent $5,334/mo from 13 leases of 2–4 bed houses within 1 mi ($5,267–$6,132).
Beds
3
Baths
2.5
Sqft
2,203
Year Built
2000
Days on Market
0
Property Type
Single Family
HOA/mo
$119
MLS ID
NDP2610090
This property is in Carlsbad (92009). View neighborhood stats →
About This Property
Rare single-level home on a corner lot of just under a quarter acre in Rancho Carrillo. Offering 3 bedrooms, 2.5 bathrooms, and approximately 2,200 square feet, this home pairs remodeled bathrooms, kitchen and a comfortable open layout with a 3-car garage and a private backyard built for outdoor living. Formal living and dining rooms showcase plantation shutters, crown molding, and recessed lighting throughout. The kitchen features white cabinetry, granite countertops, a center island, double ovens, and a gas cooktop, and opens to a breakfast nook and family room with a fireplace. One bedroom is currently set up as an office. A Crestron home automation system controls lighting and audio. The primary suite offers a walk-in closet and a remodeled bath with a frameless glass shower, soaking tub, and quartz dual vanity. The hall bath has also been remodeled with a tiled walk-in shower and dual sinks, and a remodeled powder room serves guests. The inside laundry room includes a utility sink and direct garage access. Stamped concrete patios wrap the back of the home and lead to a lighted pergola, surrounded by lawn, flowering landscaping, fruit trees, and side yards on both sides. A smart irrigation system keeps maintenance easy. Built in 2000, with fully paid, owned solar. Residents enjoy the Rancho Carrillo Swim Center with heated pool, spa, and clubhouse, miles of walking trails including the Rancho Carrillo Loop Trail, and the historic Leo Carrillo Ranch. The home sits just above Carrillo Elementary in the acclaimed San Marcos Unified School District, minutes from Bressi Ranch shopping and dining and the beach.
Mortgage Calculator
Est. Monthly Payment
$10,731
Location
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Comparable Properties
5 comps foundThis Property
$5,334
Comp Average
$5,664
2914 Pearl Place
3bd / 2.5ba · 1,829 sqft · Single Family
$1.18M
Est. $5,082/mo
6069 Paseo Monona
4bd / 2.5ba · 2,269 sqft · Single Family
$1.70M
Est. $5,673/mo
2190 Corte Acebo
4bd / 3ba · 2,349 sqft · Single Family
$1.85M
Est. $6,342/mo
7007 Via Padilla
4bd / 3ba · 2,372 sqft · Single Family
$1.70M
Est. $5,582/mo
3106 Corte Nina
4bd / 3ba · 2,345 sqft · Single Family
$1.75M
Est. $5,643/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 2–4 bed houses within 1 mi · $5,267–$6,132
Blended 50/50 with the zip's market median ($5,051)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,916/mo short at 20% down; 94% down or +$10,280/mo rent closes it.
- Break-even price
- $519,327
- Break-even rent
- $15,614/mo
- Cashflow at 35% down
- −$6,301/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
66% under asking
$10,280/mo above the estimate
$1,456,906 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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