6498 Casselberry WaySan Diego, CA 92119 · San Carlos
Est. Value
$1.58M
Redfin / Zillow blend
Est. Equity
$810K
≈ 51% of value
Long-Term Rent
$5,650/mo
4bd/3ba comps
Short-Term Rent
$425/nt
~65% occupancy
What the home is worth today.
Purchased for $1,080,000 in June 2021, the home has appreciated an estimated +$498K (+46%) in five years of a strong San Carlos market.
Current estimate
$1,578,000
Last Sold
$1,080,000
June 2021
Appreciation
+46%
+$498K gain
Roughly half the home is already yours.
Assuming a conventional purchase — 20% down in June 2021, 30-year financing — appreciation plus five years of paydown puts the owner's position at about ≈ $810,000.
Estimated equity
≈ $810,000
Est. Loan Balance
≈ $768,000
Equity Share
51%
of est. value
Illustrative only — based on public sale records and typical financing assumptions, not the owner's actual loan. A cash-out refinance, HELOC, or sale each unlock this position differently.
Two ways this home can pay you.
San Carlos rents strong on both horizons — steady long-term family demand, and short-term traffic from Mission Trails, Lake Murray, and SDSU.
Long-Term Lease
$5,650 / month
$5,400 – $5,900 / mo
- ≈ $67,800 gross / yr at full occupancy
- Benchmarked against 4-bed comps on Casselberry Way
- Low turnover: top-rated schools and Mission Trails access
Short-Term Rental
$425 / night
≈ $8,400 / mo gross at ~65% occupancy
- ≈ $101,000 gross / yr — roughly 1.5× the long-term gross
- 4-bed homes near Mission Trails command premium nightly rates
- Requires a City of San Diego STRO license (Tier 3, whole-home)
Where invested dollars return the most.
A 1969 build with 2,524 square feet leaves room to add value in the right order — income first, then the finishes buyers pay a premium for.
Idea 01
Accessory dwelling unit
A detached ADU or garage conversion adds a second income stream and is the single largest value lever in San Diego right now.
Est. Cost
$150K – $280K
Value Add
$150K – $250K
+ ~$2,200/mo rent potential
Idea 02
Kitchen modernization
Open the 1969 floor plan, new cabinetry and counters, upgraded appliances — the highest-visibility update for buyers and renters alike.
Est. Cost
$45K – $85K
Value Add
$60K – $100K
~75% typical cost recoup
Idea 03
Primary suite & bath
Reconfigure the primary bath, add a walk-in closet, and bring the suite up to the standard buyers expect at this price point.
Est. Cost
$35K – $70K
Value Add
$40K – $75K
Strongest comp differentiator
Idea 04
Energy retrofit & solar
Owned solar, heat pump HVAC, windows, and insulation cut operating costs and future-proof the home against CA energy code.
Est. Cost
$25K – $45K
Value Add
$30K – $55K
Lower holding costs immediately
Idea 05
Outdoor living & curb appeal
Drought-tolerant landscaping, a defined outdoor dining zone, and a refreshed entry — first-impression value near Mission Trails.
Est. Cost
$15K – $40K
Value Add
$25K – $50K
Fastest time-to-complete
Sequenced Plan
Which project first?
The right order depends on your goal — sell high, rent long, or hold and compound. Get a sequenced plan for this exact property.
Figures are estimates drawn from public sources (Zillow, Redfin, county records) and standard financing assumptions as of July 2026. They are provided for discussion only and do not constitute an appraisal, a broker price opinion, or financial advice.