6492 Terraza Portico
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6492 Terraza Portico

Ctop 80%

Carlsbad, CA 92009Neighborhood: Rancho Carrillo

$985,000
NEW — 0d
STR closed · outside Carlsbad's Coastal Zone

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 5, 2026.

Pass at asking: -$4,788/mo full cashflow at 20% down, 7.49% rate.

Works at $364,257 (63% under asking), or at 90% down.

Rent $4,168/mo from 12 leases of 3-bed condos & townhomes within 2 mi ($3,603–$4,047).

Beds

3

Baths

2.5

Sqft

1,406

Year Built

2002

Days on Market

0

Property Type

Condo

HOA/mo

$400

MLS ID

260026292SD

This property is in Carlsbad (92009). View neighborhood stats →

About This Property

Welcome to 6492 Terraza Portico, a beautifully updated 3-bedroom, 2.5-bathroom home in Carlsbad’s Rancho Carrillo community. Fresh interior paint and new luxury vinyl flooring throughout create a cohesive, inviting feel. The refreshed kitchen showcases Taj Mahal countertops with soft neutral tones and subtle flowing veining, complemented by all-new appliances. Highlights include an Empava oven with a built-in timer, an Empava five-burner gas stove, a spacious dishwasher with upper and lower spray systems, and a refrigerator with a fingerprint-resistant finish. A deep sink with a pull-out sprayer and one-touch flow adjustment adds everyday convenience. Designer tile gives the fireplace a stylish focal point, while a new starter switch adds functionality. All bathrooms have been updated with new lighting, faucets, and fixtures. The primary bathroom offers a relaxing spa atmosphere with new marble countertops, coordinated tile, and an expanded shower featuring a rainfall showerhead and a high-pressure handheld sprayer. New air conditioning and heating, along with a freshly installed HVAC filter, enhance comfort throughout the seasons. Outside, two terraced levels create additional usable space for entertaining, relaxing, and enjoying the lush landscaping. A concrete patio provides room for outdoor dining and gatherings, while timed irrigation simplifies landscape care. Additional conveniences include two garage parking spaces and an included washer and dryer, with a new heating element installed in the dryer. Enjoy walking trails throughout Rancho Carrillo and local amenities.

Mortgage Calculator

Est. Monthly Payment

$7,177

Principal & Interest$5,504
Property Tax$985
Insurance$287
HOA$400
%($197,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Carrillo Elementary · grades K-5 · San Marcos Unified

  • Middle

    San Elijo Middle · grades 6-8 · San Marcos Unified

  • High

    San Marcos High · grades 9-12 · San Marcos Unified

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

13C
Est. Monthly Rent
$4,168

12 leases of 3-bed condos & townhomes within 2 mi · $3,603–$4,047

Blended 50/50 with the zip's market median ($4,550)

Monthly Cashflow

Rent − PITIA

-$3,008
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,788

What would make this work?

$4,788/mo short at 20% down; 90% down or +$6,218/mo rent closes it.

Break-even price

63% under asking

$364,257
Break-even rent

$6,218/mo above the estimate

$10,386/mo
Cashflow at 35% down
−$3,756/mo
Down payment to break even

$886,500 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,504
Cap Rate
1.13%
Cash-on-Cash
-29.16%
DSCR

Need ≥ 1.25 for DSCR loan

0.58

NOI (Annual)
$11,099
Price-to-Rent

Lower = better for investors

19.7

* Modelled at 20% down, 7.49% 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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CCashflow−$4,788/mo