7225 San Lucas Street #140
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7225 San Lucas Street #140

Atop 10%

Carlsbad, CA 92011Neighborhood: Poinsettia Shores & Terramar

$460,000
STR: check · park rules decide · TOT 10%

4 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 5, 2026.

Pass at asking: -$1,173/mo full cashflow at 20% down, 7.43% rate.

Works at $307,230 (33% under asking), or at 57% down.

Rent $3,065/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,575

Year Built

2016

Days on Market

45

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

SW26205702

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

About This Property

LAKESHORE LIVING AT ITS BEST! Fully FurnishedPrime Corner Lot • Greenbelt & Lake Views • Fully Furnished • 55+ Carlsbad CommunityLOCATION, LOCATION, LOCATION! This is the kind of home that makes you want to sit back, relax, and stay awhile!Beautifully positioned on a prime corner lot overlooking the greenbelt and lake, this spacious 2015 home offers approximately 1,575 sq. ft., 2+ bedrooms, 2 bathrooms, plus a bonus room/office that can easily be used as a 3rd bedroom.Step inside and you'll immediately appreciate the open, light and bright floor plan, featuring tall coffered ceilings, recessed lighting, crown molding, and gorgeous views throughout. The lake and greenbelt can be enjoyed from the living room, dining area, kitchen, and covered deck.Spacious KitchenThe well-appointed kitchen features a large center island, dishwasher, microwave, and refrigerator—perfect for entertaining family and friends.Your Own Outdoor RetreatThe fenced yard offers privacy on the single-neighbor side and is beautifully accented with palm trees. But the real showstopper is the covered deck! Imagine enjoying your morning coffee or evening beverage while listening to the peaceful fountain and watching the ducks glide across the lake.Move-In Ready & Fully FurnishedJust bring your personal belongings and start enjoying the lifestyle!RESORT-STYLE 55+ LIVINGLocated in Lakeshore Gardens in Carlsbad, a lively 55+ community packed with amenities, activities, and opportunities to meet new friends. Enjoy 10 lakes, beautiful walking areas, community activities, and the convenience of taking your golf cart across the street to shopping and restaurants.Space Rent: $2,580/monthNO HOALake views. Greenbelt. Prime corner location. Covered deck. Fenced yard. Fully furnished. Bonus room. Active 55+ community.This is more than a home—it’s a lifestyle! Come see why this special location is one you'll want to call home.

Mortgage Calculator

Est. Monthly Payment

$3,150

Principal & Interest$2,555
Property Tax$460
Insurance$134
%($92,000)
%
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

74A
Est. Monthly Rent
$3,065

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$84
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,173

What would make this work?

$1,173/mo short at 20% down; 57% down or +$1,523/mo rent closes it.

Break-even price

33% under asking

$307,230
Break-even rent

$1,523/mo above the estimate

$4,588/mo
Cashflow at 35% down
−$694/mo
Down payment to break even

$262,200 cash

57%
Rate to break even

at 20% down

2.12%

Mortgage (P+I)
$2,555
Cap Rate
4.01%
Cash-on-Cash
-15.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.97

NOI (Annual)
$18,432
Price-to-Rent

Lower = better for investors

12.5

* 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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ACashflow−$1,173/mo