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3420 Don Alberto Drive

Ctop 80%

Carlsbad, CA 92010Neighborhood: Rancho Carlsbad / Sunny Creek

$744,000

Pass at asking: -$4,183/mo full cashflow at 20% down, 7.43% rate.

Works at $199,338 (73% under asking); even all cash loses money at asking.

Rent $2,618/mo: zip market median for this bed count.

Beds

Baths

Sqft

1,796

Year Built

1984

Days on Market

112

Property Type

Manufactured

HOA/mo

$485

MLS ID

260017889SD

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

Virtual Tour

About This Property

Priced to Sell! Great Location! YOU OWN THE LAND. NO SPACE RENT. Large corner lot with fabulous mountain and golf course views. 2 bedroom PLUS large office with built-in work station and book shelves (can be add'l guest bedroom). Open floor plan. Central heat/air. All appliances convey. Eat-in kitchen and separate dining area. Storage galore. Primary bedroom has a walk-in closet. Primary bath has soaking tub and walk-in shower. Plantation shutters. Only steps to the 18 hole golf course. Separate storage shed. One of the largest lots in the community. Great covered front porch for relaxing and entertaining family and friends. Located in Rancho Carlsbad Country Estates. A premier 55+ active resort-style community sitting on approximately 100 Acres of beautifully manicured grounds with amenities and activities galore. Only steps to the 18-hole golf course. YOU OWN THE LAND. NO SPACE RENT. Just minutes to Carlsbad Village, fine dining, great shopping, world-class beaches, and cultural venues.

Mortgage Calculator

Est. Monthly Payment

$5,579

Principal & Interest$4,133

Property Tax$744

Insurance$217

HOA$485

Down Payment

%($148,800)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Hope 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.

Comparable Properties

5 comps found

This Property

$2,618

Comp Average

$2,618

3490 Don Alberto Drive

2bd / 2ba · 1,536 sqft · Manufactured

$561K

Est. $2,618/mo

3422 Don Cota Drive

2bd / 2ba · 1,622 sqft · Manufactured

$669K

Est. $2,618/mo

3438 Don Alberto Drive

2bd / 2ba · 1,513 sqft · Manufactured

$675K

Est. $2,618/mo

3378 Don Diablo Drive

2bd / 2ba · 1,740 sqft · Manufactured

$682K

Est. $2,618/mo

3449 Don Arturo Drive

2bd / 2ba · 1,564 sqft · Manufactured

$699K

Est. $2,618/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

Est. Monthly Rent

$2,618

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$2,961

Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,183

What would make this work?

$4,183/mo short at 20% down; +$5,433/mo rent closes it.

Break-even price: $199,338
Break-even rent: $8,051/mo
Cashflow at 35% down: −$3,408/mo
Down payment to break even: Not reachable
Rate to break even: Not reachable

Mortgage (P+I)

$4,133

Cap Rate

0.13%

Cash-on-Cash

-33.74%

DSCR

Need ≥ 1.25 for DSCR loan

0.47

NOI (Annual)

$969

Price-to-Rent

Lower = better for investors

23.7

* 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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CCashflow−$4,183/mo