1221 Palomares Ct.
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1221 Palomares Ct.

Ctop 80%

Fallbrook, CA 92028

$1,000,000

Pass at asking: -$4,762/mo full cashflow at 20% down, 7.43% rate.

Works at $380,047 (62% under asking), or at 89% down.

Rent $3,791/mo from 8 leases of 2–4 bed houses within 2 mi ($3,686–$4,061).

Beds

3

Baths

2

Sqft

1,863

Year Built

1998

Days on Market

88

Property Type

Single Family

HOA/mo

N/A

MLS ID

260020001SD

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

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About This Property

Offered for the first time by its original owner, this meticulously cared-for three-bedroom, two-bathroom home is ideally situated at the end of a peaceful Fallbrook cul-de-sac. The thoughtfully designed floor plan provides an inviting flow between the kitchen and living spaces, along with a separate dining area and an additional living space offering flexibility for entertaining or relaxing. Tile flooring extends through much of the home, while two of the three bedrooms feature carpet. The primary suite includes a private full bathroom with a separate bathtub and shower. Beautiful garden landscaping, supported by an automated sprinkler system, complements the property’s tranquil setting and scenic canyon and bluff views. The exceptionally clean and organized garage provides plenty of additional storage. Lovingly maintained and reflecting true pride of ownership throughout, this welcoming home is ready for its next chapter.

Mortgage Calculator

Est. Monthly Payment

$6,847

Principal & Interest$5,555
Property Tax$1,000
Insurance$292
%($200,000)
%
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

14C
Est. Monthly Rent
$3,791

8 leases of 2–4 bed houses within 2 mi · $3,686–$4,061

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,056
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,762

What would make this work?

$4,762/mo short at 20% down; 89% down or +$6,184/mo rent closes it.

Break-even price

62% under asking

$380,047
Break-even rent

$6,184/mo above the estimate

$9,975/mo
Cashflow at 35% down
−$3,720/mo
Down payment to break even

$890,000 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,555
Cap Rate
1.18%
Cash-on-Cash
-28.57%
DSCR

Need ≥ 1.25 for DSCR loan

0.55

NOI (Annual)
$11,799
Price-to-Rent

Lower = better for investors

22.0

* 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−$4,762/mo