3705 Glen Ave
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3705 Glen Ave

Dbottom 20%

Carlsbad, CA 92010Neighborhood: Robertson Ranch

$1,699,000
NEW — 0d
STR closed · outside Carlsbad's Coastal Zone

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$10,133/mo full cashflow at 20% down, 7.43% rate.

Works at $379,718 (78% under asking); even all cash loses money at asking.

Rent $4,132/mo from 9 leases of 2–4 bed houses within 0.5 mi ($3,691–$4,064).

Beds

3

Baths

2.5

Sqft

1,998

Year Built

2011

Days on Market

0

Property Type

Single Family

HOA/mo

$265

MLS ID

260026467SD

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

About This Property

It's a good idea to buy a former model home! They usually in a fantastic location and are loaded with extras! This newer one-story former model has hardwood floors, the perfect-sized great room with high ceilings, new paint and lighting, plus owned solar and low-maintenance yard all on an elevated lot that creates terrific privacy. The handicap-friendly primary bath has an enlarged custom shower for great accessibility! Plus the community pool/spa are nearby with pickleball you don’t hear! Wow! Priced under comps too! You gotta see this one! It's a good idea to buy a former model home! They usually in a fantastic location and are loaded with extras! This newer one-story former model has hardwood floors, the perfect-sized great room with high ceilings, new paint and lighting, plus owned solar and low-maintenance yard all on an elevated lot that creates terrific privacy. The handicap-friendly primary bath has an enlarged custom shower for great accessibility! Plus the community pool/spa are nearby with pickleball you don’t hear! Wow! Priced under comps too! You gotta see this one!

Mortgage Calculator

Est. Monthly Payment

$11,898

Principal & Interest$9,439
Property Tax$1,699
Insurance$496
HOA$265
%($339,800)
%
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.

Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules

Investment Score

0D
Est. Monthly Rent
$4,132

9 leases of 2–4 bed houses within 0.5 mi · $3,691–$4,064

Blended 50/50 with the zip's market median ($4,427)

Monthly Cashflow

Rent − PITIA

-$7,767
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,133

What would make this work?

$10,133/mo short at 20% down; +$13,160/mo rent closes it.

Break-even price

78% under asking

$379,718
Break-even rent

$13,160/mo above the estimate

$17,292/mo
Cashflow at 35% down
−$8,363/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,439
Cap Rate
-0.34%
Cash-on-Cash
-35.78%
DSCR

Need ≥ 1.25 for DSCR loan

0.35

NOI (Annual)
-$5,851
Price-to-Rent

Lower = better for investors

34.3

* 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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DCashflow−$10,133/mo