5115 Don Miguel Drive

5115 Don Miguel Drive

D

Carlsbad, CA 92010

$629,999

Soft Appraisal Value: $630,800 · 0.1% below estimate

Beds

2

Baths

2

Sqft

1,638

Year Built

2003

Days on Market

172

Property Type

Manufactured

HOA/mo

$485

MLS ID

NDP2509990

Description

Welcome to Rancho Carlsbad, a highly sought-after 55+ guard gated & resident -owned community offering resort-style living. This beautifully maintained home offers 1,638 square feet of comfortable living space with 2 bedrooms, a den/office, & 2 full baths. Situated on one of the largest lots in the community, this home stands out with it's spacious backyard & expansive front porch- perfect for morning coffee, afternoon gatherings, or simply enjoying the peaceful surroundings. Inside, the inviting floor plan features a large family room with a cozy electric fireplace & an adjacent dining area ideal for entertaining. The kitchen is an entertainer's delight, complete with an island, abundant counter space and plenty of cabinetry. The oversized laundry room includes a pantry, utility sink, & even more storage. The spacious primary suite offers a walk-in closet & a generously sized en-suite bathroom featuring dual vanities & extra cabinetry. Guests will appreciate the roomy second bedroom with a large closet, while a separate den provides a flexible space for a home office or hobby room. Additional highlights include vinyl plank flooring throughout, dual-pane vinyl windows, ceiling fans, central A/C, & an ADA compliant lift at the carport for easy access. Rancho Carlsbad offers a vibrant & active lifestyle with resort-style amenities including a pool, spa, fitness center, pickleball & tennis courts, bocce ball, dog park, & more than 30 clubs & social activities. Conveniently located near shopping, fine dining, golf, & beautiful beaches, this home is the perfect blend of comfort, convenience & community. Experience the best of active senior living today!

Mortgage Calculator

Est. Monthly Payment

$4,484

Principal & Interest$3,186
Property Tax$630
Insurance$184
HOA$485
%($126,000)
%

Investment Score

5D
Est. Monthly Rent
$3,400
Monthly Cashflow

Rent − PITIA

$-1,085
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,392

Mortgage (P+I)
$3,186
Cap Rate
1.51%
Cash-on-Cash
-22.78%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.76
Break-even Rent
$6,506

NOI (Annual)
$9,528
Price-to-Rent

Lower = better for investors

15.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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