1020 La Solana
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1020 La Solana

Btop 30%

Fallbrook, CA 92028

$699,000

Pass at asking: -$2,730/mo full cashflow at 20% down, 7.36% rate.

Works at $341,721 (51% under asking), or at 77% down.

Rent $3,392/mo from 10 leases of 3-bed houses within 2 mi ($3,277–$3,590).

Beds

3

Baths

2

Sqft

1,400

Year Built

1973

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2609027

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

Virtual Tour

About This Property

LOVELY ONE LEVEL HOME , BEAUTIFULLY MAINTAINED. LARGE FRONT AND REAR YARDS, PASTORAL VIEWS AT REAR, SPACIOUS KITCHEN WITH HUGE BREAKFAST BAR AND ADJOINING DINING ROOM. MANY RECENT UPGRADES, INCLUDING ROOF REPLACED, TWO REMODELLED BATHROOMS, SOME NEWER APPLIANCES, FRESH PAINT, NEWER FLOORING, NEWER WASHER/DRYER..NEWER SLIDER OUT TO FENCED REAR YARD. LG. LAUNDRY ROOM AND OVERSIZED 2-CAR GARAGE...READY TO MOVE IN!! LOCATED ON A QUIET CUL-DE-SAC STREET ONLY ABOUT A 20 MIN WALK TO HEART OF FALLBROOK VILLAGE SHOPPING AND RESTAURANTS, ART CENTER, THEATER AND MORE!!

Mortgage Calculator

Est. Monthly Payment

$4,759

Principal & Interest$3,857
Property Tax$699
Insurance$204
%($139,800)
%
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

46B
Est. Monthly Rent
$3,392

10 leases of 3-bed houses within 2 mi · $3,277–$3,590

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,368
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,730

What would make this work?

$2,730/mo short at 20% down; 77% down or +$3,546/mo rent closes it.

Break-even price

51% under asking

$341,721
Break-even rent

$3,546/mo above the estimate

$6,938/mo
Cashflow at 35% down
−$2,007/mo
Down payment to break even

$538,230 cash

77%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,857
Cap Rate
2.22%
Cash-on-Cash
-23.44%
DSCR

Need ≥ 1.25 for DSCR loan

0.71

NOI (Annual)
$15,551
Price-to-Rent

Lower = better for investors

17.2

* Modelled at 20% down, 7.36% 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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BCashflow−$2,730/mo