6502 Oceanview
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6502 Oceanview

Dbottom 20%

Carlsbad, CA 92011

$1,949,000
NEW — 0d

Pass at asking: -$11,080/mo full cashflow at 20% down, 7.43% rate.

Works at $506,295 (74% under asking); even all cash loses money at asking.

Rent $5,557/mo from 9 leases of 3-bed houses within 2 mi ($5,017–$5,783).

Beds

3

Baths

2

Sqft

1,500

Year Built

2003

Days on Market

0

Property Type

Single Family

HOA/mo

$390

MLS ID

260026557SD

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

About This Property

If a picture is worth a thousand words than this indescribable sit down panoramic view is worth millions! Welcome home to this stunning detached waterfront home on one of the largest lots in gated Solamar. This home has been completely reimagined including new cabinets, counters, designer tile and flooring. Stunning views from your open concept great room with vaulted ceilings, cozy fireplace, bar seating, dining, living, large kitchen and optional office/den/3rd bed and separate 450 sf roof top deck make this a show stopper. The spacious primary suite features 2 walk in closets, vaulted ceilings, and a large spa like bathroom. The home in beloved South Carlsbad is steps to the beach, has 3 off street parking spots, and the community features a gated entry, pool, pickleball court, and clubhouse all with low HOA fees. Homes with this unbeatable view don't come around often. Don't miss it!

Mortgage Calculator

Est. Monthly Payment

$13,735

Principal & Interest$10,828
Property Tax$1,949
Insurance$568
HOA$390
%($389,800)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$5,557

9 leases of 3-bed houses within 2 mi · $5,017–$5,783

Blended 50/50 with the zip's market median ($5,518)

Monthly Cashflow

Rent − PITIA

-$8,178
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,080

What would make this work?

$11,080/mo short at 20% down; +$14,389/mo rent closes it.

Break-even price

74% under asking

$506,295
Break-even rent

$14,389/mo above the estimate

$19,946/mo
Cashflow at 35% down
−$9,050/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$10,828
Cap Rate
0.02%
Cash-on-Cash
-34.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$307
Price-to-Rent

Lower = better for investors

29.2

* Modelled at 20% down, 7.43% 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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DCashflow−$11,080/mo