
1221 Palomares Ct.
Ctop 80%Fallbrook, CA 92028
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$3,791
Comp Average
$4,053
1256 Olive
3bd / 2.5ba · 1,824 sqft · Single Family
$849K
Est. $4,055/mo

461 Meadowood Street
3bd / 2ba · 1,814 sqft · Single Family
$815K
Est. $3,794/mo
1366 Via Feliz
3bd / 2ba · 1,930 sqft · Single Family
$975K
Est. $4,290/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 · $3,686–$4,061
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,762/mo short at 20% down; 89% down or +$6,184/mo rent closes it.
- Break-even price
- $380,047
- Break-even rent
- $9,975/mo
- Cashflow at 35% down
- −$3,720/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$6,184/mo above the estimate
$890,000 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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