4306 Horizon Drive
Dbottom 20%Carlsbad, CA 92008
Pass at asking: -$11,900/mo full cashflow at 20% down, 7.49% rate.
Works at $607,145 (72% under asking), or at all cash.
Rent $6,361/mo from 9 leases of 4-bed houses within 2 mi ($5,146–$6,620).
Beds
4
Baths
2.5
Sqft
2,033
Year Built
1988
Days on Market
0
Property Type
Single Family
HOA/mo
$215
MLS ID
NDP2610000
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
Single-level coastal living in Carlsbad’s sought-after Capri community, perched on the hillside above Agua Hedionda Lagoon. Light-filled, beautifully upgraded, and meticulously maintained, this home is ready for you to move right in. The open-concept living room centers on a custom fireplace with heat blower and decorator logs (wood-burning capable), with large sliding glass doors opening to the outdoors. The kitchen features stainless steel appliances, a Wolf cooktop, convection microwave, and touchless faucet, and all appliances stay. The primary suite has its own slider, double sinks, a tub, and separate shower. Bathrooms are upgraded with natural stone and tile, bedrooms have all-new carpet, and custom window coverings run throughout. Outside, custom wrought iron gates secure the front and side entries, and meticulously landscaped grounds feature timed sprinklers, custom lighting, and a custom gabion wall. The backyard pergola creates an inviting spot to relax or entertain, and a side yard with new turf is perfect for pets, with easy access through the side garage door. Switch-operated awnings, fresh exterior paint, a water softener, reverse osmosis system, and a three-car garage with epoxy floors and drywall complete the package. Enjoy the neighborhood paths to lagoon-edge trails and Kendra’s Park with lagoon and ocean views, or head to nearby Bristol Cove for paddleboarding and water sports. Just a short drive to Tamarack Beach and Carlsbad Village.
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Est. Monthly Payment
$15,007
Location
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Comparable Properties
5 comps foundThis Property
$6,361
Comp Average
$5,902
3520 Adams St
4bd / 4ba · 2,000 sqft · Single Family
$2.19M
Est. $6,410/mo
1801 Ratcliff Road
3bd / 2ba · 1,885 sqft · Single Family
$1.80M
Est. $5,277/mo
3401 Celinda Dr.
4bd / 3ba · 2,313 sqft · Single Family
$2.10M
Est. $5,914/mo
169 Sequoia Avenue
4bd / 3.5ba · 2,070 sqft · Single Family
$3.30M
Est. $6,620/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
9 leases of 4-bed houses within 2 mi · $5,146–$6,620
Blended 50/50 with the zip's market median ($6,627)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$11,900/mo short at 20% down; 100% down or +$15,455/mo rent closes it.
- Break-even price
- $607,145
- Break-even rent
- $21,816/mo
- Cashflow at 35% down
- −$9,648/mo
- Down payment to break even
- 100%
- Rate to break even
- Not reachable
72% under asking
$15,455/mo above the estimate
$2,150,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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