2938 Austin TerCarlsbadCA92008
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 2938 Austin Ter, Carlsbad, CA, 92008 in Carlsbad is narrow, $23/mo net on $9,841/mo rent after the $6,970/mo debt service, but the property operates at break-even-plus, not a loss. At $1,550,000 with a 7.62% yield, the long-run equity case via 5% appreciation ($428,236 over five years) and $14,276/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.41 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $590,124.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 5.5% |
| Monthly Cash Flow | $23 | $1,500 |
City averages based on Carlsbad market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,841 |
| Total Monthly Debt Service | $9,202 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
9,886 sqft lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92008, Carlsbad, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,495 (100%) |
| Owner Occupied HU | 5,994 (44.4%) |
| Renter Occupied HU | 6,119 (45.3%) |
| Vacant Housing Units | 1,382 (10.2%) |
| Median Home Value | $1,266,327 |
| Average Home Value | $1,324,287 |
Housing Distribution
Address Breakdown
Residential
12,219
Single Family
9,858
Multi-Family
2,361
Businesses
2,092
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2002
9,886 sqft lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92008, Carlsbad, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,495 (100%) |
| Owner Occupied HU | 5,994 (44.4%) |
| Renter Occupied HU | 6,119 (45.3%) |
| Vacant Housing Units | 1,382 (10.2%) |
| Median Home Value | $1,266,327 |
| Average Home Value | $1,324,287 |
Housing Distribution
Address Breakdown
Residential
12,219
Single Family
9,858
Multi-Family
2,361
Businesses
2,092
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices