3537 Corte Lupe

3537 Corte Lupe

Ctop 80%

Carlsbad, CA 92009

$1,690,000
NEW — 0d

Pass at asking: -$8,563/mo full cashflow at 20% down, 7.43% rate.

Works at $574,997 (66% under asking), or at 93% down.

Rent $5,963/mo from 11 leases of 3–5 bed houses within 1 mi ($5,668–$6,587).

Beds

4

Baths

3

Sqft

2,569

Year Built

2001

Days on Market

0

Property Type

Single Family

HOA/mo

$175

MLS ID

NDP2610099

This property is in Carlsbad (92009). View neighborhood stats →

Virtual Tour

About This Property

Welcome to this exceptional craftsmanship home with Resort-Style Living in Carlsbad! Nestled on a quiet cul-de-sac, this extraordinary two-story residence offers an impressive blend of timeless elegance, thoughtful design, and seamless indoor-outdoor living. Featuring 4 bedrooms plus versatile bonus room, 3-car garage, and Owned Solar! Step inside to through the custom entry gate to discover an impressive living room that showcases soaring vaulted ceilings, abundant natural light, a custom built-in entertainment center, and double French doors opening to a charming private courtyard. Elegant travertine flooring graces the main level, complemented by wood-look tile upstairs, and carpeting in the bedrooms. The gourmet chef's kitchen is beautifully appointed with a Viking range, KitchenAid stainless steel appliances, rich wood cabinetry, granite countertops, wine rack, and beverage refrigerator. A convenient kitchen pass-through window seamlessly connects the indoor kitchen to the spectacular outdoor kitchen and entertaining area. The expansive backyard is an entertainer's dream, the approximately 750-square-foot tiled outdoor living area features a 450-square-foot covered lanai. Enjoy a fully equipped outdoor kitchen featuring a built-in BBQ grill, hibachi grill, full-size refrigerator, and bar sink, fire table, and multiple inviting seating areas. Retreat to the spacious primary suite, where a beautifully custom built bathroom, separate his-and-hers walk-in closets, and a private balcony with scenic mountain views create a personal sanctuary. Step outside to through the French doors to enjoy the jacuzzi tub and outdoor shower, with a spiral staircase providing convenient access to the lower-level outdoor living areas. The thoughtfully designed home offers flexible bedrooms and bonus spaces. A downstairs office/bonus room with a full bathroom with its private entrance, which can be easily converted to a Junior ADU or a 5th Bedroom. Upstairs, an additional versatile space can serve as an office, game room, media room, or optional bedroom. Enjoy low HOA fees with access to community amenities, including a swimming pool, spa, and playground. Conveniently located near schools, shopping, dining, and Carlsbad's beautiful beaches and recreational attractions! This home provides endless possibilities for entertaining, relaxation, and multigenerational living. Schedule a tour today!

Mortgage Calculator

Est. Monthly Payment

$11,747

Principal & Interest$9,389
Property Tax$1,690
Insurance$493
HOA$175
%($338,000)
%
Loan Term

Location

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Investment Score

8C
Est. Monthly Rent
$5,963

11 leases of 3–5 bed houses within 1 mi · $5,668–$6,587

Blended 50/50 with the zip's market median ($6,114)

Monthly Cashflow

Rent − PITIA

-$5,784
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,563

What would make this work?

$8,563/mo short at 20% down; 93% down or +$11,121/mo rent closes it.

Break-even price

66% under asking

$574,997
Break-even rent

$11,121/mo above the estimate

$17,084/mo
Cashflow at 35% down
−$6,803/mo
Down payment to break even

$1,571,700 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,389
Cap Rate
0.80%
Cash-on-Cash
-30.40%
DSCR

Need ≥ 1.25 for DSCR loan

0.51

NOI (Annual)
$13,480
Price-to-Rent

Lower = better for investors

23.6

* 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−$8,563/mo