908 Caminito Madrigal

908 Caminito Madrigal

D

Carlsbad, CA 92011

$945,000
NEW — 3d on market

Beds

2

Baths

2

Sqft

959

Year Built

1974

Days on Market

3

Property Type

Condo

HOA/mo

$621

MLS ID

NDP2601644

Description

Beautiful ocean views and breathtaking sunsets highlight this thoughtfully redesigned 2-bedroom, 2-bath coastal retreat in the desirable AltaMira II community in Carlsbad. Boasting $70,000 in renovations including a modern kitchen, upgraded bathrooms, new flooring, air conditioning, new windows and sliding glass door, this turnkey home offers open-concept coastal living with abundant natural light and seamless indoor-outdoor flow with private ocean-view balcony. Rare conveniences include air conditioning, in-unit washer and dryer, a garage, in true move-in ready condition. Located just one mile from the shoreline, a location ideal for both full-time living and a lock-and-leave seaside escape that is close to shopping, dining, and commuter routes; residents also enjoy community amenities including a pool, spa, clubhouse, and landscaped grounds. HOA fee includes water and trash. Buyer to verify listing info prior to close of escrow.

Mortgage Calculator

Est. Monthly Payment

$6,620

Principal & Interest$4,778
Property Tax$945
Insurance$276
HOA$621
%($189,000)
%

Investment Score

2D
Est. Monthly Rent

Market Rent Estimate

$3,797
Monthly Cashflow

Rent − PITI − HOA

$-2,823
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,484

Mortgage (P+I)
$4,778
Cap Rate
0.37%
Cash-on-Cash
-17.93%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$6,620

NOI (Annual)
$3,530
Price-to-Rent

Lower = better for investors

20.7

* Defaults: 20% down, 6.5% rate, 30yr.

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