5144 Don Ricardo Drive
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5144 Don Ricardo Drive

B

Carlsbad, CA 92010

$709,000

Soft Appraisal Value: $702,200 · 1.0% above estimate

Beds

3

Baths

2

Sqft

1,573

Year Built

2012

Days on Market

47

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

$4,986

Principal & Interest$3,585
Property Tax$709
Insurance$207
HOA$485
%($141,800)
%

Location

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Investment Score

40C
Est. Monthly Rent
$3,782
Monthly Cashflow

Rent − PITIA

$-1,204
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,665

Mortgage (P+I)
$3,585
Cap Rate
1.56%
Cash-on-Cash
-22.55%
DSCR

Need ≥ 1.25 for DSCR loan

0.76
Break-even Rent
$7,243

NOI (Annual)
$11,044
Price-to-Rent

Lower = better for investors

15.6

* 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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