
6492 Terraza Portico
Ctop 80%Carlsbad, CA 92009Neighborhood: Rancho Carrillo
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.
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Est. Monthly Payment
$7,177
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.
Comparable Properties
5 comps foundThis Property
$4,168
Comp Average
$4,050
7538 Gibraltar Street
3bd / 2ba · 1,339 sqft · Condo
$699K
Est. $3,944/mo
3153 Vista Mar
2bd / 2ba · 1,409 sqft · Condo
$759K
Est. $3,789/mo
3560 Via Nido
3bd / 3.5ba · 1,557 sqft · Condo
$1.06M
Est. $4,186/mo
3540 Via Nido
3bd / 3.5ba · 1,557 sqft · Condo
$1.06M
Est. $4,186/mo
3140 Arroyo
3bd / 2ba · 1,566 sqft · Condo
$965K
Est. $4,147/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
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,788/mo short at 20% down; 90% down or +$6,218/mo rent closes it.
- Break-even price
- $364,257
- Break-even rent
- $10,386/mo
- Cashflow at 35% down
- −$3,756/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
63% under asking
$6,218/mo above the estimate
$886,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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