5447 Don Luis Drive
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5447 Don Luis Drive

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Carlsbad, CA 92010Neighborhood: Rancho Carlsbad / Sunny Creek

$924,000
STR closed · outside Carlsbad's Coastal Zone

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 →

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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.

Mortgage Calculator

Est. Monthly Payment

$6,776

Principal & Interest$5,098
Property Tax$924
Insurance$269
HOA$485
%($184,800)
%
Loan Term

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.

Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules

Investment Score

39B
Est. Monthly Rent
$5,209

11 leases of 4-bed houses within 2 mi · $4,686–$5,529

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,567
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,535

What would make this work?

$3,535/mo short at 20% down; 76% down or +$4,591/mo rent closes it.

Break-even price

50% under asking

$461,316
Break-even rent

$4,591/mo above the estimate

$9,800/mo
Cashflow at 35% down
−$2,579/mo
Down payment to break even

$702,240 cash

76%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,098
Cap Rate
2.37%
Cash-on-Cash
-22.95%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$21,881
Price-to-Rent

Lower = better for investors

14.8

* 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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BCashflow−$3,535/mo