3507 Somerset Way

3507 Somerset Way

D

Carlsbad, CA 92010

$699,989
NEW — 3d on market

Soft Appraisal Value: $695,100 · 0.7% above estimate

Beds

2

Baths

2

Sqft

1,112

Year Built

1987

Days on Market

3

Property Type

Condo

HOA/mo

$395

MLS ID

260007718SD

View on MLS

Description

This beautiful first-floor condo is located within the highly desirable Villas of Calavera Hills community in Carlsbad. The home features a spacious floor plan with soaring 10 ft ceilings, beautiful designer paint, hardwood plank-flooring, a cozy fireplace, and large windows that fill the space with an abundance of natural light. The kitchen boasts crisp white cabinetry, gorgeous quartz countertops, stainless steel appliances, and recessed lighting creating a bright and modern space. Outdoor living extends from the living room to a private covered patio - an ideal place for entertaining friends and family. The home includes a detached garage and assigned parking space close to the unit. DON’T MISS OUT ON THIS BEAUTY!

Mortgage Calculator

Est. Monthly Payment

$4,839

Principal & Interest$3,540
Property Tax$700
Insurance$204
HOA$395
%($139,998)
%

Investment Score

3D
Est. Monthly Rent
$3,120
Monthly Cashflow

Rent − PITIA

$-1,719
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,019

Mortgage (P+I)
$3,540
Cap Rate
0.89%
Cash-on-Cash
-25.88%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$7,041

NOI (Annual)
$6,241
Price-to-Rent

Lower = better for investors

18.7

* 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.

Get Expert AnalysisOpen Full Calculator