6840 Alderwood
Ctop 80%Carlsbad, CA 92011
Pass at asking: -$4,780/mo full cashflow at 20% down, 7.49% rate.
Works at $319,341 (66% under asking), or at 93% down.
Rent $3,713/mo from 10 leases of 1–3 bed condos & townhomes within 0.5 mi ($3,478–$4,276).
Beds
2
Baths
2
Sqft
1,000
Year Built
1987
Days on Market
0
Property Type
Townhouse
HOA/mo
$396
MLS ID
260026207SD
This property is in Carlsbad (92011). View neighborhood stats →
About This Property
Coastal Carlsbad Living in the Highly Desirable Las Playas Community! This charming 2-bedroom, 2-bath home offers approximately 1,000 square feet of comfortable living space, a two-car garage, and one of the largest usable backyard patio areas in the community--perfect for outdoor dining, entertaining, or simply enjoying Carlsbad's beautiful coastal climate. Las Playas offers a resort-like lifestyle with exceptional amenities, including a lap pool, spa, tennis courts, and a separate adults-only pool and spa for added relaxation. Ideally located just minutes from Carlsbad's beautiful beaches, LEGOLAND California, Pacific Rim Elementary, shopping, dining, and convenient freeway access. Whether you're looking for a primary residence or coastal retreat, this home offers an outstanding combination of location, outdoor living, and resort-style amenities. RV storage is also available within the community, subject to availability.
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Est. Monthly Payment
$6,856
Location
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Comparable Properties
3 comps foundThis Property
$3,713
Comp Average
$3,990
1714 Fairlead Ave
3bd / 2.5ba · 1,410 sqft · Townhouse
$975K
Est. $4,194/mo
874 Marigold Court
2bd / 1.5ba · 1,342 sqft · Condo
$999K
Est. $4,221/mo
6820 Briarwood Drive
2bd / 2ba · 999 sqft · Condo
$975K
Est. $3,554/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 1–3 bed condos & townhomes within 0.5 mi · $3,478–$4,276
Blended 50/50 with the zip's market median ($3,798)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,780/mo short at 20% down; 93% down or +$6,208/mo rent closes it.
- Break-even price
- $319,341
- Break-even rent
- $9,921/mo
- Cashflow at 35% down
- −$3,796/mo
- Down payment to break even
- 93%
- Rate to break even
- Not reachable
66% under asking
$6,208/mo above the estimate
$873,270 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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