2980 Ridgefield Avenue
1 / 20

2980 Ridgefield Avenue

Ctop 80%

Carlsbad, CA 92010Neighborhood: Calavera Hills

$999,999
NEW — 0d
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 6, 2026.

Pass at asking: -$5,443/mo full cashflow at 20% down, 7.43% rate.

Works at $291,314 (71% under asking), or at 99% down.

Rent $3,585/mo from 19 leases of 1–3 bed condos & townhomes within 2 mi ($3,670–$4,455).

Beds

2

Baths

2.5

Sqft

1,435

Year Built

1984

Days on Market

0

Property Type

Townhouse

HOA/mo

$523

MLS ID

PTP2608213

This property is in Carlsbad (92010). View neighborhood stats →

Virtual Tour

About This Property

Welcome to beautiful coastal Carlsbad living in the desirable community of The Cape at Calavera Hills! This beautifully updated, two-story end-unit townhome offers 2 bedrooms, 2.5 bathrooms, approximately 1,435 square feet of inviting living space, and a spacious private backyard perfect for enjoying Southern California’s indoor-outdoor lifestyle. Step inside to discover fresh paint, beautiful new flooring, and stylish updates throughout. The welcoming living room features a cozy fireplace and ceiling fan, while the adjoining dining area offers a comfortable space for gathering. The updated kitchen showcases gorgeous quartz countertops, new cabinetry, and stainless steel appliances. A convenient powder room completes the main level. Upstairs, the generously sized primary suite features a spacious walk-in closet and private bathroom. A second spacious bedroom and additional full bathroom provide comfort and flexibility. Step outside to your own private backyard retreat! Featuring a generous grassy area and shaded pergola, this wonderful outdoor space is ideal for entertaining, alfresco dining, or simply relaxing in Carlsbad’s beautiful coastal climate. Additional highlights include an attached two-car garage with laundry and access to the community swimming pool. Enjoy maintained common areas and a convenient location near Calavera Hills Community Park, offering playgrounds, tennis courts, sports fields, and recreational opportunities. Scenic hiking trails, shopping, dining, and Carlsbad’s beautiful beaches are also nearby. Beautifully updated, ideally located, and move-in ready. Welcome home!

Mortgage Calculator

Est. Monthly Payment

$7,370

Principal & Interest$5,555
Property Tax$1,000
Insurance$292
HOA$523
%($200,000)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Calavera Hills Elementary · grades K-5 · Carlsbad Unified

  • Middle

    Calavera Hills Middle · grades 6-8 · Carlsbad Unified

  • High

    Sage Creek High · grades 9-12 · Carlsbad Unified

    or Carlsbad High · grades 9-12 · Carlsbad Unified

    Choice area: the district lets families here pick either school.

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules

Investment Score

3C
Est. Monthly Rent
$3,585

19 leases of 1–3 bed condos & townhomes within 2 mi · $3,670–$4,455

Blended 50/50 with the zip's market median ($3,012)

Monthly Cashflow

Rent − PITIA

-$3,785
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,443

What would make this work?

$5,443/mo short at 20% down; 99% down or +$7,069/mo rent closes it.

Break-even price

71% under asking

$291,314
Break-even rent

$7,069/mo above the estimate

$10,654/mo
Cashflow at 35% down
−$4,402/mo
Down payment to break even

$989,999 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,555
Cap Rate
0.35%
Cash-on-Cash
-32.66%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$3,496
Price-to-Rent

Lower = better for investors

23.2

* 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−$5,443/mo