Super Easy Cream Cheese Flan

Step 1
Preheat oven to 350 degrees F (175 degrees C).

Step 2
Heat sugar and water together in a small saucepan over medium heat, stirring occasionally, until sugar dissolves into a light brown caramel, 8 to 10 minutes. Pour into a round glass baking dish.

Step 3
Place condensed milk, evaporated milk, eggs, cream cheese, and vanilla extract in a blender; blend into a smooth custard. Pour over caramelized sugar in the baking dish.

Step 4
Place baking dish in a deep baking pan. Pour in enough water to reach halfway up the baking dish.

Step 5
Bake in the preheated oven until custard is set and top is light brown, about 1 hour.

Step 6
Cover with plastic wrap; refrigerate until cold, 3 to 4 hours.