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4085 Harrison Street #1
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4085 Harrison Street #1

Btop 30%

Carlsbad, CA 92008Neighborhood: Hedionda Point

$695,000
NEW — 1d
STR: check · no permits in this complex · TOT 10%

37 licensed short-term rentals within ½ mile (37 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 20-unit complex holds a short-term rental permit, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$2,656/mo full cashflow at 20% down, 7.36% rate.

Works at $347,590 (50% under asking), or at 76% down.

Rent $3,974/mo from 21 leases of 2-bed condos & townhomes within 1 mi ($3,249–$3,887).

Beds

2

Baths

2

Sqft

1,030

Year Built

1976

Days on Market

1

Property Type

Condo

HOA/mo

$404

MLS ID

NDP2610217

This property is in Carlsbad (92008). View neighborhood stats →

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About This Property

Welcome to this charming 2-bedroom, 2-bathroom condo with 1,030 square feet of comfortable living space in the desirable coastal community of Carlsbad! This inviting home presents an excellent opportunity for first-time buyers, downsizers, or investors looking to own in a sought-after North County location. Conveniently situated near beautiful beaches, Carlsbad Village, shopping, dining, and outdoor recreation, you’ll enjoy the best southern California’s coastal lifestyle. Don’t miss your chance to make this Carlsbad gem your own

Mortgage Calculator

Est. Monthly Payment

$5,136

Principal & Interest$3,834
Property Tax$695
Insurance$203
HOA$404
%($139,000)
%
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.

Comparable Properties

3 comps found

This Property

$3,974

vs

Comp Average

$3,875

2360 Hosp

2360 Hosp

2bd / 1ba · 900 sqft · Condo

$500K

Est. $2,994/mo

318 Juniper Avenue

318 Juniper Avenue

2bd / 1ba · 1,208 sqft · Condo

$925K

Est. $4,439/mo

4849 Flying Cloud Way

4849 Flying Cloud Way

2bd / 2ba · 1,210 sqft · Townhouse

$1000K

Est. $4,192/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

48B
Est. Monthly Rent
$3,974

21 leases of 2-bed condos & townhomes within 1 mi · $3,249–$3,887

Blended 50/50 with the zip's market median ($4,467)

Monthly Cashflow

Rent − PITIA

-$1,162
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,656

What would make this work?

$2,656/mo short at 20% down; 76% down or +$3,449/mo rent closes it.

Break-even price

50% under asking

$347,590
Break-even rent

$3,449/mo above the estimate

$7,423/mo
Cashflow at 35% down
−$1,937/mo
Down payment to break even

$528,200 cash

76%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$3,834
Cap Rate
2.38%
Cash-on-Cash
-22.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.77
NOI (Annual)
$16,530
Price-to-Rent

Lower = better for investors

14.6

* Modelled at 20% down, 7.36% 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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BCashflow−$2,656/mo