3534 Ridgewood Way
Ctop 80%Carlsbad, CA 92010Neighborhood: Calavera Hills
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 1, 2026.
Pass at asking: -$3,050/mo full cashflow at 20% down, 7.49% rate.
Works at $279,499 (59% under asking), or at 85% down.
Rent $3,416/mo from 10 leases of 2-bed condos & townhomes within 2 mi ($2,921–$3,932).
Beds
2
Baths
2
Sqft
1,112
Year Built
1985
Days on Market
94
Property Type
Condo
HOA/mo
$474
MLS ID
NDP2607117
This property is in Carlsbad (92010). View neighborhood stats →
About This Property
Welcome to the Villas of Carlsbad! This beautifully updated 2-bedroom, 2-bath condo offers stylish living with a remodeled kitchen featuring updated cabinetry, countertops, and stainless steel appliances, along with tastefully remodeled bathrooms. The bright, open floor plan is enhanced by soaring vaulted ceilings, a cozy fireplace, and an interior laundry closet for added convenience. Enjoy your private patio, perfect for relaxing or entertaining. Additional highlights include a detached one-car garage with storage, one assigned parking space, and access to the community pool and spa. Ideally located near shopping, dining, Calavera Hills Park, and Carlsbad's beautiful beaches, this move-in ready home offers the perfect blend of comfort and convenience.
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Est. Monthly Payment
$5,118
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
4 comps foundThis Property
$3,416
Comp Average
$3,550
2702 Via Plato
3bd / 2ba · 1,104 sqft · Townhouse
$725K
Est. $3,650/mo
2809 Via Cascada
3bd / 2ba · 1,104 sqft · Condo
$745K
Est. $3,690/mo
2812 Via Magia
2bd / 1.5ba · 912 sqft · Condo
$650K
Est. $3,041/mo
3683 Jetty Point
2bd / 2ba · 1,341 sqft · Townhouse
$830K
Est. $3,817/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules
Investment Score
10 leases of 2-bed condos & townhomes within 2 mi · $2,921–$3,932
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,050/mo short at 20% down; 85% down or +$3,961/mo rent closes it.
- Break-even price
- $279,499
- Break-even rent
- $7,377/mo
- Cashflow at 35% down
- −$2,343/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
59% under asking
$3,961/mo above the estimate
$573,750 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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