
6805 Watercourse Dr
Ctop 80%Carlsbad, CA 92011Neighborhood: Poinsettia
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
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.
Comparable Properties
5 comps foundThis Property
$5,752
Comp Average
$5,503
626 Compass Court
3bd / 2.5ba · 2,155 sqft · Single Family
$1.75M
Est. $6,986/mo
7049 Surfbird Circle
3bd / 2.5ba · 1,705 sqft · Single Family
$1.60M
Est. $5,281/mo
1613 Brome Court
3bd / 2.5ba · 1,728 sqft · Single Family
$1.33M
Est. $4,885/mo
7302 Lantana Terrace
2bd / 2ba · 1,357 sqft · Single Family
$1.45M
Est. $4,807/mo
6502 Oceanview
3bd / 2ba · 1,500 sqft · Single Family
$1.95M
Est. $5,557/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 3-bed houses within 1 mi · $5,297–$6,223
Blended 50/50 with the zip's market median ($5,518)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,810/mo short at 20% down; 95% down or +$11,442/mo rent closes it.
- Break-even price
- $551,925
- Break-even rent
- $17,194/mo
- Cashflow at 35% down
- −$7,041/mo
- Down payment to break even
- 95%
- Rate to break even
- Not reachable
68% under asking
$11,442/mo above the estimate
$1,614,050 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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