1019 Riverview Drive
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1019 Riverview Drive

Ctop 80%

Fallbrook, CA 92028

$949,000

Pass at asking: -$4,137/mo full cashflow at 20% down, 7.43% rate.

Works at $410,405 (57% under asking), or at 83% down.

Rent $4,094/mo from 8 leases of 2–4 bed houses within 2 mi ($4,181–$4,409).

Beds

3

Baths

3

Sqft

2,081

Year Built

1970

Days on Market

84

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW26170123

This property is in Fallbrook (92028). Browse neighborhood analytics →

Virtual Tour

About This Property

PAID OFF SOLAR | REMODELED KITCHEN | REMODELED PRIMARY SUITE | NEW PATIO DOORS | NEW FLOORING | FULL 620 SQFT BASEMENT | VIEWS | TERMITE CLEARANCE | SEPTIC CERTIFIED | You have ARRIVED! Welcome to this beautifully updated single-story home tucked away on a private cul-de-sac in Fallbrook, offering expansive mountain and Temecula Valley views. From the moment you enter, you’re greeted by a massive, open family room that flows seamlessly into the dining area, creating an inviting space for everyday living and entertaining.The home has been thoughtfully updated with new dual-pane aluminum windows throughout, two new patio doors, fresh interior paint, new hybrid laminate/vinyl flooring throughout, and new ceiling fans in the living room and bedrooms. The remodeled kitchen features quartz countertops, freshly painted cabinetry, and a new cooktop and range hood. The home is fully electric with no propane or natural gas.The spacious primary suite offers a walk-in closet, and an upgraded primary bathroom featuring an extended walk-in shower, new cabinetry and countertops, and dual sinks. The second bedroom enjoys its own private bathroom. A full hall bathroom provides additional convenience and offers direct access to the third bedroom. The third bedroom also has direct access to the backyard patio through a new sliding glass door.The attached garage provides access to the impressive 620-square space basement includes direct access (if needed) through a separate door for multiple uses such as an Accessory Dwelling Unit (ADU) of workshop since the space is wired for electricity (but lacks plumbing) or a workshop. There is an additional 205 square foot hobby room that can be used for additional storage or personal space.Energy efficiency and modern convenience are standout features, including two upgraded electrical panels, a fully paid-off 20-panel solar system, and an EV charger. The exterior was painted approximately five years ago.The outdoor spaces feature mature and productive fruit trees, including mango, guava, and orange trees. There is a fully functional above ground spa on the backyard porch. Enjoy peaceful mountain views and beautiful vistas toward Temecula, including the unique sight of hot air balloons floating across the valley. Located on a private cul-de-sac while remaining conveniently close to Mission Road, this home offers a desirable combination of privacy, views, thoughtful updates, and easy access to everyday amenities.

Mortgage Calculator

Est. Monthly Payment

$6,498

Principal & Interest$5,272
Property Tax$949
Insurance$277
%($189,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    William H. Frazier Elementary · grades K-6 · Fallbrook Union Elementary

  • Middle

    James E. Potter Intermediate · grades 7-8 · Fallbrook Union Elementary

  • High

    Fallbrook High · grades 9-12 · Fallbrook Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

26C
Est. Monthly Rent
$4,094

8 leases of 2–4 bed houses within 2 mi · $4,181–$4,409

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,404
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,137

What would make this work?

$4,137/mo short at 20% down; 83% down or +$5,372/mo rent closes it.

Break-even price

57% under asking

$410,405
Break-even rent

$5,372/mo above the estimate

$9,466/mo
Cashflow at 35% down
−$3,148/mo
Down payment to break even

$787,670 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,272
Cap Rate
1.69%
Cash-on-Cash
-26.15%
DSCR

Need ≥ 1.25 for DSCR loan

0.63

NOI (Annual)
$16,083
Price-to-Rent

Lower = better for investors

19.3

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$4,137/mo