2984 Lexington Cir
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2984 Lexington Cir

D

Carlsbad, CA 92010

$985,000
NEW — 2d

Soft Appraisal Value: $965,600 · 2.0% above estimate

Beds

2

Baths

3

Sqft

1,435

Year Built

1984

Days on Market

2

Property Type

Single Family

HOA/mo

$523

MLS ID

NDP2605064

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

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About This Property

Beautifully maintained and thoughtfully updated end-unit home in Carlsbad’s highly desirable community of The Cape. With only one shared wall, this light and bright 2-bedroom, 2.5-bath residence offers 1,435 sq ft and lives more like a detached home. Both upstairs bedrooms are generously sized, including a secondary bedroom with its own en-suite bath. Pride of ownership is evident throughout with years of quality improvements including air conditioning, tankless water heater, updated interior doors, remodeled primary bath shower, upgraded appliances, newer Andersen Tuftex carpeting, epoxy garage floors, and added overhead garage storage. The inviting floor plan also features crown molding, a cozy fireplace, custom banquette seating with storage, and a versatile secondary bedroom complete with a built-in Murphy bed, desk, and storage cabinetry. Rare for townhome living, the spacious tiered backyard creates a peaceful private retreat with mature citrus trees, a Fuji apple tree, soothing fountain, ambient string lighting, and built-in garden steps leading to the upper orchard area. Extensive HOA improvements provide exceptional peace of mind, including new roofs in 2025 along with all new siding and exterior paint completed in 2026. Residents enjoy access to the community pool and spa while being ideally located within walking distance to Calavera Hills Community Park, hiking trails, shopping, dining, and just minutes from Carlsbad beaches and top-rated schools.

Mortgage Calculator

Est. Monthly Payment

$6,776

Principal & Interest$4,981
Property Tax$985
Insurance$287
HOA$523
%($197,000)
%

Location

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Investment Score

6D
Est. Monthly Rent
$3,710
Monthly Cashflow

Rent − PITIA

$-3,066
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,740

Mortgage (P+I)
$4,981
Cap Rate
0.29%
Cash-on-Cash
-28.87%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$9,866

NOI (Annual)
$2,890
Price-to-Rent

Lower = better for investors

22.1

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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