4866 Park Dr
Ctop 80%Carlsbad, CA 92008Neighborhood: Hedionda Point
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 6, 2026.
Pass at asking: -$8,531/mo full cashflow at 20% down, 7.43% rate.
Works at $539,206 (67% under asking), or at 95% down.
Rent $5,378/mo from 8 leases of 3-bed houses within 2 mi ($4,405–$6,155).
Beds
3
Baths
2.5
Sqft
1,839
Year Built
1971
Days on Market
51
Property Type
Single Family
HOA/mo
N/A
MLS ID
260022576SD
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
Split-level across from Agua Hedionda Lagoon with lagoon and mountain views. Kelly Drive Trailhead within walking distance. Minutes to Carlsbad Village, the beach, Legoland, and I-5. 3 bed, 2.5 bath, 1,839 SF on a .25 acre lot. PLANS: Architectural plans for a remodel and detached ADU currently in coastal review. Buyer to verify. MAIN LEVEL: Tall entry ceilings and a sitting room with bay window and gas fireplace. Dining room opens to the backyard. En-suite bedroom on this level. Wood-look tile throughout, dual-pane windows. KITCHEN: Large island with cooktop and hood, soft-close cabinetry, stainless appliances included, bay window over the yard. UPSTAIRS: Two bedrooms, full bath, oversized hall storage. OUTSIDE: Faux-wood deck, landscape lighting, mature palms, full irrigation, designed concrete hardscape. UPDATES: Furnace and electrical panel (2025), front porch (2024), roof, recessed lighting, added insulation. GARAGE: Pebble flooring, built-in storage, washer/dryer, direct yard access. Lagoon across the street. Trail at the door. Move-in ready.
Mortgage Calculator
Est. Monthly Payment
$11,298
Location
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Zoned Schools
Elementary
Kelly 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
5 comps foundThis Property
$5,378
Comp Average
$5,371
4104 Beach Bluff Road
4bd / 2.5ba · 1,886 sqft · Single Family
$1.10M
Est. $6,039/mo
4050 Syme Drive
3bd / 2ba · 1,593 sqft · Single Family
$1.60M
Est. $5,288/mo
1801 Ratcliff Road
3bd / 2ba · 1,885 sqft · Single Family
$1.80M
Est. $5,277/mo
2658 Highland Drive
3bd / 2ba · 1,634 sqft · Single Family
$1.70M
Est. $4,961/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
8 leases of 3-bed houses within 2 mi · $4,405–$6,155
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,531/mo short at 20% down; 95% down or +$11,080/mo rent closes it.
- Break-even price
- $539,206
- Break-even rent
- $16,458/mo
- Cashflow at 35% down
- −$6,813/mo
- Down payment to break even
- 95%
- Rate to break even
- Not reachable
67% under asking
$11,080/mo above the estimate
$1,567,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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