
6969 Catamaran Drive
Ctop 80%Carlsbad, CA 92011Neighborhood: Poinsettia Shores & Terramar
4 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 3, 2026.
No unit in this 31-unit complex holds a short-term rental permit, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$11,652/mo full cashflow at 20% down, 7.49% rate.
Works at $664,215 (69% under asking), or at 97% down.
Rent $7,076/mo from 13 leases of 3–5 bed houses within 1 mi ($6,374–$7,579).
Beds
4
Baths
2.5
Sqft
2,366
Year Built
2002
Days on Market
0
Property Type
Single Family
HOA/mo
$325
MLS ID
NDP2609917
This property is in Carlsbad (92011). View neighborhood stats →
About This Property
Live across the street from the beach! Welcome to the gated coastal enclave of Poinsettia Cove. Ideally situated in South Carlsbad, homes in this neighborhood rarely come on the market. This immaculate 2,366 square foot home is light, bright and well suited for the casual beach lifestyle. The first floor, featuring hardwood floors, plantation shutters and crown molding throughout, flows from living room to updated kitchen to cozy family room. The second floor features the primary bedroom with a remodeled en-suite bathroom and large walk in closet. A full bath along with three additional bedrooms allow for family flexibility, a home office, a hobby room or an exercise room. The spacious laundry room is conveniently located upstairs. The home backs up to a parklike greenbelt featuring pickleball, basketball, volleyball, bocce ball and a tot lot. Located near the south end of the community the pedestrian gates are just steps away. Grab a quick surf or take a dip in the ocean. Stroll along the bluff in the campground. Enjoy live music and delicious pizza while watching the sunset with friends and neighbors at The Camp Store. Sip a glass of wine at Chandler’s. Hop on the Coaster at Poinsettia Station for dinner in Little Italy or catch a Padres Game at Petco Park. The restaurants and shops of Encinitas to the south and Carlsbad Village to the north can also be accessed by train or a short drive along the scenic 101. Add to all this award winning schools, nearby world class golf and quick freeway access and this coastal gem is one not to miss.
Mortgage Calculator
Est. Monthly Payment
$15,289
Location
Loading map...
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
$7,076
Comp Average
$6,693
626 Compass Court
3bd / 2.5ba · 2,155 sqft · Single Family
$1.75M
Est. $6,986/mo
6657 Curlew Terrace
4bd / 3.5ba · 2,670 sqft · Single Family
$2.13M
Est. $7,127/mo
6617 Spartina Ct
5bd / 4.5ba · 2,786 sqft · Single Family
$1.77M
Est. $6,447/mo

1689 Robin Place
3bd / 2.5ba · 2,323 sqft · Single Family
$1.70M
Est. $5,853/mo
605 Saltgrass Avenue
4bd / 3ba · 2,468 sqft · Single Family
$2.38M
Est. $7,050/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 3–5 bed houses within 1 mi · $6,374–$7,579
Blended 50/50 with the zip's market median ($7,055)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$11,652/mo short at 20% down; 97% down or +$15,133/mo rent closes it.
- Break-even price
- $664,215
- Break-even rent
- $22,209/mo
- Cashflow at 35% down
- −$9,373/mo
- Down payment to break even
- 97%
- Rate to break even
- Not reachable
69% under asking
$15,133/mo above the estimate
$2,109,750 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.
Open Full Calculator