4942 Spirea Way
Ctop 80%Carlsbad, CA 92008Neighborhood: Hedionda Point
2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 10, 2026.
No unit in this 27-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: -$4,581/mo full cashflow at 20% down, 7.43% rate.
Works at $529,601 (53% under asking), or at 79% down.
Rent $5,717/mo from 8 leases of 3–5 bed condos & townhomes within 1 mi ($5,068–$5,652).
Beds
4
Baths
3.5
Sqft
1,994
Year Built
2025
Days on Market
93
Property Type
Townhouse
HOA/mo
$335
MLS ID
NDP2607491
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
This stunning, three-story home showcases an open floor plan with 9-ft. ceilings and luxury vinyl plank flooring. Upstairs, the kitchen boasts Shaker-style cabinets, quartz countertops and Wolf® and Cove® stainless steel appliances. Enjoy the outdoors on the balcony. The third-floor primary suite features plush carpeting, two walk-in closets and a connecting bath that offers quartz countertop and a shower with custom tile surround. Additional highlights of this all-electric home include a solar energy system, LED lighting, electric charging station pre-wiring and smart thermostat.
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Est. Monthly Payment
$8,045
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
$5,717
Comp Average
$5,657
2470 Calendula
3bd / 3ba · 1,724 sqft · Townhouse
$1.19M
Est. $6,741/mo
2665 Quince Way
4bd / 3.5ba · 1,994 sqft · Townhouse
$1.17M
Est. $5,591/mo
2626 Quince Way
4bd / 3.5ba · 1,994 sqft · Townhouse
$1.20M
Est. $5,392/mo
2544 Thyme Way
4bd / 3.5ba · 2,070 sqft · Townhouse
$1.25M
Est. $5,434/mo
2678 Oxalis Way
3bd / 3ba · 1,739 sqft · Townhouse
$1.20M
Est. $5,125/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 3–5 bed condos & townhomes within 1 mi · $5,068–$5,652
Blended 50/50 with the zip's market median ($6,187)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,581/mo short at 20% down; 79% down or +$5,949/mo rent closes it.
- Break-even price
- $529,601
- Break-even rent
- $11,666/mo
- Cashflow at 35% down
- −$3,408/mo
- Down payment to break even
- 79%
- Rate to break even
- Not reachable
53% under asking
$5,949/mo above the estimate
$889,532 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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