6969 Catamaran Drive
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6969 Catamaran Drive

Ctop 80%

Carlsbad, CA 92011Neighborhood: Poinsettia Shores & Terramar

$2,175,000
NEW — 0d
STR: check · no permits in this complex · TOT 10%

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 →

Virtual Tour

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

Principal & Interest$12,154
Property Tax$2,175
Insurance$634
HOA$325
%($435,000)
%
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

5C
Est. Monthly Rent
$7,076

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)

Monthly Cashflow

Rent − PITIA

-$8,212
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,652

What would make this work?

$11,652/mo short at 20% down; 97% down or +$15,133/mo rent closes it.

Break-even price

69% under asking

$664,215
Break-even rent

$15,133/mo above the estimate

$22,209/mo
Cashflow at 35% down
−$9,373/mo
Down payment to break even

$2,109,750 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,154
Cap Rate
0.47%
Cash-on-Cash
-32.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.46

NOI (Annual)
$10,270
Price-to-Rent

Lower = better for investors

25.6

* 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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CCashflow−$11,652/mo