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6
Value up to $1.67M, Rent at $4,212
Updated 9 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows solid potential for rental income, with projected monthly rates ranging from $3,655 to $4,521. This estimate reflects local market trends, offering a clearer picture of earning capacity than recent valuation records alone. Investors can expect a promising gross yield of approximately 6.16%. These figures position the property as a reliable income-generating asset, particularly for those targeting steady cash flow within the current Carlsbad rental market environment.
More about this home
Neighborhood Assessment
Hey, this 3-bed, 2-bath, 1,362 sqft single-family condo at 2866 Andover Ave in Carlsbad's Calavera Hills sits in a solid neighborhood. You've got Hope Elementary (7/10) just 0.3 miles away, Calavera Hills Middle (7/10) at 0.8 miles, and Carlsbad High (9/10) 1.7 miles off—great schools boost appeal big time. Comps like nearby 3-beds are zestimating ~$725K-$800K, matching your ~$797K valuation. Low risks for fire, flood make it safe. Well, walkability's decent in this stable complex with $320/mo HOA covering amenities. Steady value growth shows Carlsbad's hot market—you know, beaches and tech jobs drawing families. Ridgewood Way neighbors hold strong values around $600K-$880K, signaling consistent demand without crazy flips.
Market Activity
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Rental Income
$49K
Yield
6.2%
Year 1 Estimates
Fix-and-Flip
Modern updates significantly boost appeal, lifting the price per square foot from $696 to $747. This represents a 7.3% increase, positioning your home to attract discerning buyers and secure a higher market valuation. With an estimated value add of over $69,000, these improvements maximize your return. Expect a sell potential up to $1,109,000 and enhanced rent potential, ensuring your property remains a premier, high-performing asset in the neighborhood.
Value Add
$69K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a post-renovation value between $1,003,000 and $1,109,000. With a manageable renovation strategy, investors can capture solid equity growth, as the difference in price per square foot reflects a clear upside for upgrades. Projected rental income hits $4,263 monthly, totaling $51,162 annually. While the 4.8% yield is modest, the strong underlying property appreciation potential in this area makes it a reliable long-term hold for portfolio stability.
Rental Income
$51K
Yield
4.8%
Year 1 Estimates, Post Typical Renovation
Estimated value
$797K
$460.8K below comp median
Comparative Market Analysis
$1.1M – $1.7M
~216 days to sell
Based on 8 comps
2866 Andover Ave, Carlsbad Investment Report: Flip & Rental Analysis · Frontflip