5144 Don Ricardo Drive
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5144 Don Ricardo Drive

C

Carlsbad, CA 92010

$729,000
NEW — 2d

Beds

3

Baths

2

Sqft

1,573

Year Built

2012

Days on Market

2

Property Type

Manufactured

HOA/mo

$485

MLS ID

NDP2603950

This property is in Carlsbad (92010). View neighborhood stats →

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About This Property

This beautiful 3 bedroom, 2 bath, 1573 square foot home is located in coveted Rancho Carlsbad – a phenomenal 55+ resident-owned, guard-gated community surrounded by hills and trails, with a creek and the Rancho Carlsbad Golf Course in the neighborhood. Residents own the land so there are no rental fees. Nestled in a highly desirable and quiet location within the park, with the creek just steps behind, this home is flooded with natural light. Built in 2012, it has been lovingly maintained and updated. Enjoy shutters and new paint throughout, laminate wood flooring, a flowing floorplan with an open, fabulous kitchen - complete with large island, ample cabinet space, quartz counters and black appliances, and an adjoining spacious and sunlit dining area. The laundry room, vaulted ceilings, A/C and ceiling fans, charming front porch, extended, covered carport and storage shed further provide for a comfortable lifestyle. The master suite bathroom has been completely remodeled (flooring, counters, shower), with a spacious walk-in closet addition. The newer 17k raised rear deck boasts termite-resistant decking and a built in BBQ, offering a serene retreat that beckons you to sit and stay awhile. Enjoy the elevated garden beds and pots, providing the luxury of comfortable, accessible gardening - with apple, avocado, plum and jumbo clementine trees, as well as lettuce, strawberries, sweet potatoes, sweet peas and more. The clubhouse, pool, spa, fitness center, tennis and pickleball courts and golf course are a short golf cart ride away. Enjoy social activities, clubs and events in this beautiful resort-like coastal community.

Mortgage Calculator

Est. Monthly Payment

$5,113

Principal & Interest$3,686
Property Tax$729
Insurance$213
HOA$485
%($145,800)
%

Location

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Investment Score

30C
Est. Monthly Rent
$3,478
Monthly Cashflow

Rent − PITIA

$-1,635
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,043

Mortgage (P+I)
$3,686
Cap Rate
1.06%
Cash-on-Cash
-25.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$7,430

NOI (Annual)
$7,723
Price-to-Rent

Lower = better for investors

17.5

* 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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