4306 Horizon Drive

4306 Horizon Drive

Dbottom 20%

Carlsbad, CA 92008

$2,150,000
NEW — 0d

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 →

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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.

Mortgage Calculator

Est. Monthly Payment

$15,007

Principal & Interest$12,015
Property Tax$2,150
Insurance$627
HOA$215
%($430,000)
%
Loan Term

Location

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Investment Score

2D
Est. Monthly Rent
$6,361

9 leases of 4-bed houses within 2 mi · $5,146–$6,620

Blended 50/50 with the zip's market median ($6,627)

Monthly Cashflow

Rent − PITIA

-$8,646
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,900

What would make this work?

$11,900/mo short at 20% down; 100% down or +$15,455/mo rent closes it.

Break-even price

72% under asking

$607,145
Break-even rent

$15,455/mo above the estimate

$21,816/mo
Cashflow at 35% down
−$9,648/mo
Down payment to break even

$2,150,000 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,015
Cap Rate
0.24%
Cash-on-Cash
-33.21%
DSCR

Need ≥ 1.25 for DSCR loan

0.42

NOI (Annual)
$5,188
Price-to-Rent

Lower = better for investors

28.2

* 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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DCashflow−$11,900/mo