
5447 Don Luis Drive
Btop 30%Carlsbad, CA 92010Neighborhood: Rancho Carlsbad / Sunny Creek
1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$3,535/mo full cashflow at 20% down, 7.36% rate.
Works at $461,316 (50% under asking), or at 76% down.
Rent $5,209/mo from 11 leases of 4-bed houses within 2 mi ($4,686–$5,529).
Beds
4
Baths
3
Sqft
1,859
Year Built
1997
Days on Market
139
Property Type
Single Family
HOA/mo
$485
MLS ID
PTP2604798
This property is in Carlsbad (92010). View neighborhood stats →
About This Property
Welcome to luxury, active-adult resort living in the highly coveted, 24/7 guard-gated 55+ community of Rancho Carlsbad! Sitting on a premium creek-side lot, this exceptional, light-filled residence features a large, highly unique 4-bedroom, 3-full-bathroom layout and boasts a rare, highly sought-after 2-car garage—an incredibly scarce combination for this community. Step inside to discover gorgeous, brand-new hardwood flooring professionally finished just this week, radiating warmth and modern elegance. Designed for ultimate comfort, the layout features two spacious primary suites situated on opposite sides of the home, offering maximum privacy for guests, family, or co-living. The expansive rear deck overlooks the serene creek channel, creating a peaceful outdoor sanctuary perfect for morning coffee, coastal breezes, and sunset dining. Rest easy knowing this property is legally established as a Fee-Simple Real Property Condominium resting on an HCD-approved Form 433A permanent concrete foundation system—meaning you OWN the land (NO land lease or space rent!), and the home fully qualifies for conventional financing! Even better, the $485/mo HOA fee includes all enmities below plus 24/7 gate security and active neighborhood security patrol. Rancho Carlsbad's world-class resort amenities are steps away: a scenic 18-hole golf course, a modern fitness center, lighted tennis and pickleball and tennis courts, a scenic community pond, a sparkling pool and spa, a grand clubhouse, dedicated RV parking, and active social clubs. Located less than 10 minutes from the ocean, you are just a short drive to historic Carlsbad Village, beaches, Michelin-star dining, and premier coastal shopping! *Rancho Carlsbad is a 55+ senior community. At least one permanent resident must be 55 years of age or older, and all other permanent residents must be at least 45 years of age. All buyers must successfully pass an orientation and background approval process with park management prior to the close of escrow.
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Est. Monthly Payment
$6,776
Location
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Zoned Schools
Elementary
Hope Elementary · grades K-5 · Carlsbad Unified
Middle
Calavera Hills 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
$5,209
Comp Average
$3,570
3422 Don Cota Drive
2bd / 2ba · 1,622 sqft · Manufactured
$669K
Est. $2,739/mo
3378 Don Diablo Drive
2bd / 2ba · 1,740 sqft · Manufactured
$682K
Est. $2,739/mo
3420 Don Alberto Drive
2bd / 2ba · 1,796 sqft · Manufactured
$744K
Est. $2,739/mo
3176 Seabury
5bd / 2.5ba · 2,300 sqft · Single Family
$1.35M
Est. $5,287/mo
4502 Sierra Morena Ave
3bd / 2.5ba · 1,401 sqft · Single Family
$1.20M
Est. $4,345/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules
Investment Score
11 leases of 4-bed houses within 2 mi · $4,686–$5,529
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,535/mo short at 20% down; 76% down or +$4,591/mo rent closes it.
- Break-even price
- $461,316
- Break-even rent
- $9,800/mo
- Cashflow at 35% down
- −$2,579/mo
- Down payment to break even
- 76%
- Rate to break even
- Not reachable
50% under asking
$4,591/mo above the estimate
$702,240 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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