4009 Canario St APT H, Carlsbad, CA, 92008 | 7.07% Rental Yield

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4009 Canario St APT H, Carlsbad, CA, 92008 | 7.07% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Carlsbad at 4009 Canario St APT H, Carlsbad, CA, 92008 listed at $859,000 pairs $5,059/mo rent with a $4,204/mo payment. Total monthly income runs $5,059/mo. Return on cash invested measures 18.98% in year one, and rental yield registers 7.07% at a $859,000 basis. Equity gained on principal adds $5,543/yr, and annual property appreciation at 5% supports $237,326 by year five. Five-year ROI tracks 97.82% and total cumulative return in cash totals $276,447. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,059/mo property income relative to a $4,204/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to the best of beach living, this unit is one of the few with a peekaboo OCEAN VIEW- perfectly located in Windsong Cove, a resort inspired, gated complex located just a short walk or bike from Tamarack Beach, the lagoon, and the vibrant downtown village with its shopping and dining options. This home features 1595 square feet, not including the finished bonus room off of the guest bedroom of 116 additional square feet. The entry features a welcoming front porch, enjoy the open floor plan that includes a half bath, bright and open living room with gas fireplace, dining area and kitchen, plus a 120 square foot covered patio with westerly views overlooking the incredibly lush grounds. The upstairs features the Primary suite, with private bath and fantastic views from the spacious 120 square foot covered deck plus private outside stairs to the lower level and pool beyond. There is a spiral staircase to the versatile loft space and the laundry is between the two bedrooms. This home is light and bright with skylights and a very convenient floor plan. Windsor Cove offers a gated pool, two private Jacuzzis, outdoor restrooms, lovely covered gathering space and meandering streams and incredible lush mature landscaping. This unit features a one car garage and one designated parking space. Commute to San Diego or Orange County from the Coastal Rail just 5 minutes from this complex. This is beach living at its best. The Windsong Cove Special Roof Assessment has been determined to be $14,400 per unit; Seller will pay the full amount of the special roof assessment at close of escrow.

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