5988 Black Rail Road

5988 Black Rail Road

C

Carlsbad, CA 92011

$2,245,000
NEW — 1d

Soft Appraisal Value: $2,175,600 · 3.2% above estimate

Beds

4

Baths

5

Sqft

3,628

Year Built

2005

Days on Market

1

Property Type

Single Family

HOA/mo

$220

MLS ID

NDP2606803

This property is in Carlsbad (92011). View neighborhood stats →

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About This Property

Nestled in the Aviara-adjacent coveted neighborhood of Morning Ridge, this lovingly maintained 3,628-square-foot residence makes an inviting first impression with soaring ceilings, wood flooring, abundant natural light, and timeless style. A bright foyer flows effortlessly into the seamlessly connected formal living room and dining alcove, with glass doors that open to a veranda that's ready for lively gatherings. A thoughtfully designed kitchen features an expansive island, luminous granite countertops, handsome cabinetry, and captivating east-facing views, where sunrise paints the distant mountains vibrant colors. A newly renovated bath is conveniently located beside a versatile office or optional bedroom on the lower level. Upstairs, 4-bedrooms enjoy their own private ensuite baths. One of the bedrooms includes a walk-in closet, while another possesses a west-facing balcony. The spacious primary suite includes a flexible bonus room, a lavish wardrobe, and an ensuite with dual vanity areas, a soaking tub with scenic vistas and separate shower. Owned solar. 2-car garage and separate 1-car garage with easy access between the two garage spaces for added convenience. Your generous backyard is easy to sustain with turf, brick and concrete patios, a canyon backdrop, and plenty of room to entertain against the panoramic skyline. Only 2 miles from Carlsbad's beautiful beaches, and close to many shopping options, restaurants, and highly regarded schools, this is a place where each day feels linked to the best that coastal North County can provide.

Mortgage Calculator

Est. Monthly Payment

$14,472

Principal & Interest$11,352
Property Tax$2,245
Insurance$655
HOA$220
%($449,000)
%

Location

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Investment Score

5D
Est. Monthly Rent
$7,805
Monthly Cashflow

Rent − PITIA

$-6,667
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,333

Mortgage (P+I)
$11,352
Cap Rate
0.54%
Cash-on-Cash
-27.62%
DSCR

Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$21,224

NOI (Annual)
$12,228
Price-to-Rent

Lower = better for investors

24.0

* 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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