1097 Camino Alisos
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1097 Camino Alisos

Dbottom 20%

Fallbrook, CA 92028

$2,225,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$12,734/mo full cashflow at 20% down, 7.43% rate.

Works at $567,100 (75% under asking); even all cash loses money at asking.

Rent $5,708/mo from 4 leases of 4-bed houses in 92028 ($4,800–$5,893).

Beds

4

Baths

4

Sqft

3,702

Year Built

1957

Days on Market

116

Property Type

Single Family

HOA/mo

$40

MLS ID

NDP2606533

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

Virtual Tour

About This Property

ASSUMABLE VA LOAN available to a VA-eligible buyer, subject to servicer approval. Set on a private hilltop behind a gate in 92028, 1097 Camino Alisos looks out over hills, orchards, and mountains from nearly every window: 3,702-square-foot main residence rebuilt to the studs, plus a detached guest house of approximately 1,318 square feet per floor plan, buyer to verify, on 2.89 usable acres. The 4-bedroom, 4-bath main home was taken to the studs and rebuilt: wide-plank white oak from Monarch Plank, Diamond soft-close cabinetry, Emtek hardware, and a kitchen with a large quartz island, skylights, a professional six-burner Thermador range with griddle over double ovens, and a Thermador refrigerator. The primary suite opens to a spa-style bath with a freestanding tub, floating vanity, and curbless roll-in shower, and every bathroom was rebuilt with all-new fixtures. A separate bonus room, not counted in the square footage above, is ready as a home gym. The entire estate lives on one level. Step-free paved walkways run from the driveway into the house, to the pool, and to the sheds; zero-threshold roll-in showers serve the primary bath and the guest house; an Aqua Creek lift serves both the pool and the spa. The detached guest house is a 2-bed, 1-bath with its own full kitchen and private entrance, a flexible second living space for extended family, guests, or a home office. Outside, a salt-water pool and spa with a waterfall face the view, the pool solar-heated and the spa propane-heated, beside a large pergola, a fire pit, a turf area, and mature, drought-tolerant landscaping. A three-stall barn with two enclosed tack rooms, turnouts, a round pen, and pasture suits horses, storage, or boarding, with rain catchment, four-zone Hydrawise smart irrigation, whole-house water filter, additional outbuildings, and a producing dragon-fruit grove. Owned active solar, a low $40/year HOA whose covenants hold every parcel to a 2.5-acre minimum, no Mello-Roos, agriculture and horse zoning, a CellGate app-controlled gate, an EV charger, and gated RV, boat, and circular parking round it out. Minutes to Fallbrook, the I-15, and the North County San Diego coast. NO GARAGE — plans and licensed contractor bids for a detached two-car garage are being obtained, and the seller may consider a BUYER credit toward construction with an acceptable offer. The detached guest house is currently unpermitted. The seller has engaged an architect and is pursuing retroactive permitting under California's ADU amnesty provisions (AB2533). Permit approval is not guaranteed and timing is subject to County review.

Mortgage Calculator

Est. Monthly Payment

$15,275

Principal & Interest$12,361
Property Tax$2,225
Insurance$649
HOA$40
%($445,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Live Oak 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

0D
Est. Monthly Rent
$5,708

4 leases of 4-bed houses in 92028 · $4,800–$5,893

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$9,567
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,734

What would make this work?

$12,734/mo short at 20% down; +$16,537/mo rent closes it.

Break-even price

75% under asking

$567,100
Break-even rent

$16,537/mo above the estimate

$22,245/mo
Cashflow at 35% down
−$10,416/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,361
Cap Rate
-0.05%
Cash-on-Cash
-34.34%
DSCR

Need ≥ 1.25 for DSCR loan

0.37

NOI (Annual)
-$1,051
Price-to-Rent

Lower = better for investors

32.5

* 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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DCashflow−$12,734/mo