4050 Syme Drive
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4050 Syme Drive

Ctop 80%

Carlsbad, CA 92008Neighborhood: Hedionda Point

$1,599,000
NEW — 0d
STR-eligible · Carlsbad Coastal Zone · TOT 10%

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

Principal & Interest$8,883
Property Tax$1,599
Insurance$466
%($319,800)
%
Loan Term

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.

Investment Score

7C
Est. Monthly Rent
$5,288

10 leases of 3-bed houses within 2 mi · $4,365–$5,776

Blended 50/50 with the zip's market median ($5,914)

Monthly Cashflow

Rent − PITIA

-$5,660
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,209

What would make this work?

$8,209/mo short at 20% down; 94% down or +$10,661/mo rent closes it.

Break-even price

67% under asking

$530,098
Break-even rent

$10,661/mo above the estimate

$15,949/mo
Cashflow at 35% down
−$6,543/mo
Down payment to break even

$1,503,060 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,883
Cap Rate
0.70%
Cash-on-Cash
-30.80%
DSCR

Need ≥ 1.25 for DSCR loan

0.48

NOI (Annual)
$11,264
Price-to-Rent

Lower = better for investors

25.2

* 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.

Open Full Calculator
CCashflow−$8,209/mo