6805 Watercourse Dr
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6805 Watercourse Dr

Ctop 80%

Carlsbad, CA 92011Neighborhood: Poinsettia

$1,699,000
NEW — 1d
STR-eligible · Carlsbad Coastal Zone · TOT 10%

7 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 6, 2026.

6 of the 231 homes on this home's recorded tract hold a short-term rental permit, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$8,810/mo full cashflow at 20% down, 7.43% rate.

Works at $551,925 (68% under asking), or at 95% down.

Rent $5,752/mo from 8 leases of 3-bed houses within 1 mi ($5,297–$6,223).

Beds

3

Baths

2.5

Sqft

1,700

Year Built

1986

Days on Market

1

Property Type

Single Family

HOA/mo

$190

MLS ID

260026233SD

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

About This Property

Tucked away at the end of a CUL-DE-SAC in a gated neighborhood, this beautiful home captures SWEEPING OCEAN VIEWS, a FIRST-FLOOR PRIMARY SUITE, and fresh updates throughout! The light-filled, open-concept living and dining area makes an inviting first impression, featuring soaring ceilings, a ceiling fan, and a cozy gas fireplace. Sliding glass doors open to a low-maintenance backyard where you can take in beautiful ocean views and enjoy fabulous indoor/outdoor living. The spacious kitchen offers granite countertops, white shaker-style cabinetry, stainless steel appliances, a large walk-in pantry, and a sunny breakfast area. Recent enhancements include new recessed lighting, a stylish pendant light, and a new sink, bringing a fresh, updated feel to the space. The desirable first-floor primary suite provides a peaceful retreat with direct backyard access and a spa-inspired bathroom featuring a large soaking tub. Upstairs, two additional bedrooms are complemented by a versatile bonus room, perfect for a kids’ play space, or additional flex space. Extensive recent improvements make this home move-in ready, including remodeled bathrooms, fresh interior paint, new luxury vinyl plank flooring and carpeting, updated baseboards and trim, and new interior doors. Additional features include a whole-house fan and a two-car garage with built-in storage. Enjoy the added lifestyle benefits of Harbor Pointe’s gated setting, complete with a community pool and spa. See supp. Ideally located, near Pacific Rim Elementary and a few blocks from Poinsettia Park, a beautiful 42-acre park containing 10 lighted tennis courts, 5 lighted pickleball courts, playground, soccer fields, baseball fields, picnic areas, and a dog park. A wonderful opportunity in one of Carlsbad’s most loved communities, set within a top-rated school district and offering thoughtful upgrades alongside an easy coastal lifestyle!

Mortgage Calculator

Est. Monthly Payment

$11,823

Principal & Interest$9,439
Property Tax$1,699
Insurance$496
HOA$190
%($339,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Pacific Rim Elementary · grades K-5 · Carlsbad Unified

  • Middle

    Aviara Oaks 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.

Investment Score

6C
Est. Monthly Rent
$5,752

8 leases of 3-bed houses within 1 mi · $5,297–$6,223

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

Monthly Cashflow

Rent − PITIA

-$6,072
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,810

What would make this work?

$8,810/mo short at 20% down; 95% down or +$11,442/mo rent closes it.

Break-even price

68% under asking

$551,925
Break-even rent

$11,442/mo above the estimate

$17,194/mo
Cashflow at 35% down
−$7,041/mo
Down payment to break even

$1,614,050 cash

95%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,439
Cap Rate
0.65%
Cash-on-Cash
-31.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$10,990
Price-to-Rent

Lower = better for investors

24.6

* 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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CCashflow−$8,810/mo