
4050 Syme Drive
Ctop 80%Carlsbad, CA 92008Neighborhood: Hedionda Point
26 licensed short-term rentals within ½ mile (26 whole home), from the cities' license and permit lists of Nov 6, 2026.
Pass at asking: -$8,209/mo full cashflow at 20% down, 7.43% rate.
Works at $530,098 (67% under asking), or at 94% down.
Rent $5,288/mo from 10 leases of 3-bed houses within 2 mi ($4,365–$5,776).
Beds
3
Baths
2
Sqft
1,593
Year Built
1975
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PW26236321
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
Welcome to 4050 Syme Drive, a coastal retreat with ocean views on a quiet cul-de-sac near Agua Hedionda Lagoon in Carlsbad. Lush front landscaping, a putting green, and a cascading waterfall create a memorable first impression for this one-of-a-kind North County home. Inside, the living room pairs warm oak paneling and illuminated built-in bookcases with a brick fireplace and a bay window seat overlooking the courtyard. The kitchen is made for gathering, centered on a granite island with an attached dining table that seats eight. A garden window above the sink, abundant cabinetry, a double-drawer dishwasher, reverse osmosis filtration, and a built-in coffee system add everyday convenience. The primary bedroom is on the lower level with an adjacent bathroom, just down the hall from the garage entrance. French doors open to a private backyard with an entertainment-ready covered pavilion, outdoor fireplace, gas BBQ, and multiple dining and lounge areas framed by mature landscaping, ideal for dining al fresco and evenings outdoors. Upstairs, a light-filled great room features a vaulted wood-plank ceiling, exposed beams, and expansive divided-light windows overlooking the ocean and the cul-de-sac below, the perfect spot to watch the sunset. Down the hall, a discreet closet door reveals a surprise: roughly 240 square feet of finished loft space with skylights and built-in storage cabinets and drawers, ready to become a game room, office, or studio. Both secondary bedrooms have built-in Murphy beds for added flexibility, and a bathroom completes the upper level. Additional features include dual-pane Milgard windows, an updated electrical panel with a dedicated 240V circuit for an EV charger, and a dog run. Close to local schools and just minutes from Carlsbad’s beaches and the shops and restaurants of Carlsbad Village, this home blends character, comfort, and coastal living.
Mortgage Calculator
Est. Monthly Payment
$10,948
Location
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Zoned Schools
Elementary
Magnolia Elementary · grades K-5 · Carlsbad Unified
Middle
Valley 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
5 comps foundThis Property
$5,288
Comp Average
$5,234
1265 Knowles Avenue
4bd / 2ba · 1,644 sqft · Single Family
$1.40M
Est. $5,263/mo

4866 Park Dr
3bd / 2.5ba · 1,839 sqft · Single Family
$1.65M
Est. $5,378/mo
2658 Highland Drive
3bd / 2ba · 1,634 sqft · Single Family
$1.70M
Est. $4,961/mo
1801 Ratcliff Road
3bd / 2ba · 1,885 sqft · Single Family
$1.80M
Est. $5,277/mo

3495 Ridgecrest Dr.
3bd / 2ba · 1,878 sqft · Single Family
$2.02M
Est. $5,290/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 3-bed houses within 2 mi · $4,365–$5,776
Blended 50/50 with the zip's market median ($5,914)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,209/mo short at 20% down; 94% down or +$10,661/mo rent closes it.
- Break-even price
- $530,098
- Break-even rent
- $15,949/mo
- Cashflow at 35% down
- −$6,543/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
67% under asking
$10,661/mo above the estimate
$1,503,060 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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