
1019 Riverview Drive
Ctop 80%Fallbrook, CA 92028
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$4,094
Comp Average
$4,193
5012 Sleeping Indian
3bd / 2.5ba · 2,200 sqft · Single Family
$980K
Est. $4,474/mo
1366 Via Feliz
3bd / 2ba · 1,930 sqft · Single Family
$975K
Est. $4,290/mo

3001 Lakemont Drive
3bd / 3ba · 2,318 sqft · Single Family
$949K
Est. $4,075/mo
3911 Alta Vista Drive
3bd / 3ba · 1,946 sqft · Single Family
$949K
Est. $4,032/mo
1826 Via Monserate
3bd / 3ba · 2,000 sqft · Single Family
$1.00M
Est. $4,092/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2–4 bed houses within 2 mi · $4,181–$4,409
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,137/mo short at 20% down; 83% down or +$5,372/mo rent closes it.
- Break-even price
- $410,405
- Break-even rent
- $9,466/mo
- Cashflow at 35% down
- −$3,148/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
57% under asking
$5,372/mo above the estimate
$787,670 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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