1256 Olive

1256 Olive

Ctop 80%

Fallbrook, CA 92028

$849,000

Pass at asking: -$3,761/mo full cashflow at 20% down, 7.43% rate.

Works at $359,391 (58% under asking), or at 84% down.

Rent $3,585/mo from 9 leases of 1–3 bed houses within 2 mi ($3,738–$4,128).

Beds

2

Baths

3

Sqft

1,824

Year Built

1985

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026740SD

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

About This Property

Tucked away on a quiet cul-de-sac in the charming community of Fallbrook, 1256 Olive Avenue offers a unique combination of privacy, versatility, and opportunity. This custom single-story home is designed for comfortable living, featuring an inviting layout, updated luxury laminate flooring, fresh interior paint, and central air conditioning. A spacious wraparound deck extends the living experience outdoors, creating the perfect setting to relax, entertain, and take in beautiful sunset views. Adding to the property's versatility is a separate studio living space located below the main level, complete with a full bathroom, offering an ideal setup for extended family, guests, multigenerational living, or a private retreat. The generous lot presents exciting potential to further enhance the outdoor space, create your own private oasis, or explore additional improvements to maximize the property's possibilities. Covered RV parking adds convenience for those with recreational vehicles or additional storage needs, while the refreshed front yard rockscape provides attractive, low-maintenance curb appeal. Located in an established neighborhood with longtime residents, this peaceful setting offers a sense of community while remaining conveniently close to Fallbrook's local shops, restaurants, schools, parks, and everyday amenities. Enjoy the charm of Fallbrook living with the space, flexibility, and potential to truly make this property your own.

Mortgage Calculator

Est. Monthly Payment

$5,813

Principal & Interest$4,717
Property Tax$849
Insurance$248
%($169,800)
%
Loan Term

Location

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Investment Score

28C
Est. Monthly Rent
$3,585

9 leases of 1–3 bed houses within 2 mi · $3,738–$4,128

Blended 50/50 with the zip's market median ($3,200)

Monthly Cashflow

Rent − PITIA

-$2,229
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,761

What would make this work?

$3,761/mo short at 20% down; 84% down or +$4,884/mo rent closes it.

Break-even price

58% under asking

$359,391
Break-even rent

$4,884/mo above the estimate

$8,469/mo
Cashflow at 35% down
−$2,876/mo
Down payment to break even

$713,160 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,717
Cap Rate
1.60%
Cash-on-Cash
-26.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$13,622
Price-to-Rent

Lower = better for investors

19.7

* 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−$3,761/mo