3563 Cay Drive
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3563 Cay Drive

D

Carlsbad, CA 92010

$1,450,000
NEW — 2d on market

Beds

4

Baths

3

Sqft

2,287

Year Built

2001

Days on Market

2

Property Type

Single Family

HOA/mo

$150

MLS ID

NDP2603451

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

About This Property

Welcome to Calavera Hills! Just in time for Summer and the New School Year. This view property is ideally positioned on Cay Drive, offering direct panoramic views of Calavera Hills and the surrounding preserve. Enjoy the natural setting from the private balcony off the primary suite—an ideal place to take in the scenery and coastal breezes. The home features a spacious, open floor plan enhanced by a thoughtful interior remodel that creates a more modern, connected living space. With four bedrooms, including a main-level bedroom and full bathroom, the layout is well-suited for guests, multigenerational living, or a home office. Large windows throughout bring in natural light and highlight the views, while each room offers generous closet space, updated window coverings, and modern ceiling fans. The entry opens to an expansive living area designed for both everyday living and entertaining. The kitchen serves as the center of the home, featuring a breakfast bar, stone countertops, stainless steel appliances, and ample storage. The backyard is designed for low-maintenance, year-round use with turf and full perimeter hardscape, creating a private and functional outdoor space. Additional features include an upstairs laundry room, well-appointed secondary bathroom, and abundant storage throughout. Close proximity to Calavara Hills Community Center and Park and the highly regarded Calavera Hills Elementary and Middle School, this home also offers convenient access to Carlsbad Village, known for its restaurants, coffee shops, and shopping, as well as Carlsbad’s beautiful beaches.

Mortgage Calculator

Est. Monthly Payment

$9,355

Principal & Interest$7,332
Property Tax$1,450
Insurance$423
HOA$150
%($290,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$5,075
Monthly Cashflow

Rent − PITIA

$-4,280
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,656

Mortgage (P+I)
$7,332
Cap Rate
0.56%
Cash-on-Cash
-27.54%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$13,719

NOI (Annual)
$8,117
Price-to-Rent

Lower = better for investors

23.8

* 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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