4608 Driftwood Circle
Ctop 80%Carlsbad, CA 92008Neighborhood: Olde Carlsbad
4 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 2, 2026.
None of the 115 homes on this home's recorded tract 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: -$4,061/mo full cashflow at 20% down, 7.49% rate.
Works at $322,595 (62% under asking), or at 89% down.
Rent $3,908/mo from 11 leases of 2-bed houses within 2 mi ($3,456–$3,803).
Beds
2
Baths
2.5
Sqft
1,721
Year Built
1977
Days on Market
136
Property Type
Single Family
HOA/mo
$521
MLS ID
NDP2605868
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
Amazing range price $799,000-849,000! Elegant townhouse beach and village close in fantastic community! Beautifully updated kitchen with quartz counters, cabinetry with pull out shelves, reverse osmosis filter full backsplash, and more. Laminate wood flooring and LVP is easy care. Enjoy casual dining at the breakfast bar and more space with formal dining for larger gatherings. Indoor outdoor living with a roomy patio downstairs surrounded by greenery, plus upstairs you'll find a spacious balcony off the sizable primary bedroom which includes vaulted ceilings, walk-in closet, and full length slider doors to bring in all the natural light. The gas fireplace adds a touch of elegance in the bedroom and both bathrooms upstairs are en suite. Newly remodeled primary bathroom has marble style surround shower, barn door, bonus vanity, and accent colors. Convenient 2 car attached garage. Lots of parking nearby for guests. Just a couple miles to the beach means great weather year round. Also easy commute access to I-5 or Hwy78, plenty of shops and schools close at hand, or hiking trails and community center all within reach. Ask about loans available at 5.625%
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Est. Monthly Payment
$6,362
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
1 comp foundThis Property
$3,908
Comp Average
$3,341
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
11 leases of 2-bed houses within 2 mi · $3,456–$3,803
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,061/mo short at 20% down; 89% down or +$5,274/mo rent closes it.
- Break-even price
- $322,595
- Break-even rent
- $9,182/mo
- Cashflow at 35% down
- −$3,171/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$5,274/mo above the estimate
$755,610 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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