2917 Rancho Rio Chico

2917 Rancho Rio Chico

Ctop 80%

Carlsbad, CA 92009

$1,549,900
NEW — 0d

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 →

Virtual Tour

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

Principal & Interest$8,610
Property Tax$1,550
Insurance$452
HOA$119
%($309,980)
%
Loan Term

Location

Loading map...

Investment Score

7C
Est. Monthly Rent
$5,334

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)

Monthly Cashflow

Rent − PITIA

-$5,397
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,916

What would make this work?

$7,916/mo short at 20% down; 94% down or +$10,280/mo rent closes it.

Break-even price

66% under asking

$519,327
Break-even rent

$10,280/mo above the estimate

$15,614/mo
Cashflow at 35% down
−$6,301/mo
Down payment to break even

$1,456,906 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,610
Cap Rate
0.74%
Cash-on-Cash
-30.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.50

NOI (Annual)
$11,537
Price-to-Rent

Lower = better for investors

24.2

* 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.

Open Full Calculator
CCashflow−$7,916/mo