1549 Sleeping Indian Rd
Ctop 80%Fallbrook, CA 92028Neighborhood: Morro Hills
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$7,902/mo full cashflow at 20% down, 7.43% rate.
Works at $420,107 (71% under asking), or at 99% down.
Rent $4,191/mo from 16 leases of 3-bed houses in 92028 ($4,077–$4,436).
Beds
3
Baths
2
Sqft
2,200
Year Built
1973
Days on Market
127
Property Type
Single Family
HOA/mo
N/A
MLS ID
260016372SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
5 spectacular and useable acres with panoramic ocean views is only part of what makes 1549 Sleeping Indian Rd so special! Located within the city limits of Oceanside and close to shopping this charming and very comfortable 3 bedroom 2 bath gated home features great views from almost every room in the house. With a 3 car garage and large shed there is plenty of room for all your tools and toys. The property is planted with over 60 fruit and nut trees include, avocado, apple, orange, tangerine, grapefruit, pomegranate, pecan, almond macadamia along with beautiful and fragrant plumeria strategically planted on the perimeter leaving lost of room for horses, vineyards, coffee, so many possibilities! The property is also part of the "Williamson Act" which provides lower property tax rates for its preservation of open space.
Mortgage Calculator
Est. Monthly Payment
$9,921
Location
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Zoned Schools
Elementary
Bonsall Elementary · grades K-5 · Bonsall Unified
Middle
Norman L. Sullivan Middle · grades 6-8 · Bonsall Unified
High
Bonsall High · grades 9-12 · Bonsall Unified
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
$4,191
Comp Average
$4,224
5012 Sleeping Indian
3bd / 2.5ba · 2,200 sqft · Single Family
$980K
Est. $4,474/mo
1019 Riverview Drive
3bd / 3ba · 2,081 sqft · Single Family
$949K
Est. $4,094/mo
3001 Lakemont Drive
3bd / 3ba · 2,318 sqft · Single Family
$949K
Est. $4,075/mo
4880 San Jacinto Circle East
3bd / 2.5ba · 2,276 sqft · Single Family
$1.20M
Est. $4,286/mo
38083 De Luz Rd
3bd / 2ba · 2,200 sqft · Single Family
$1.80M
Est. $4,191/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules
Investment Score
16 leases of 3-bed houses in 92028 · $4,077–$4,436
Blended 50/50 with the zip's market median ($4,119)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,902/mo short at 20% down; 99% down or +$10,263/mo rent closes it.
- Break-even price
- $420,107
- Break-even rent
- $14,454/mo
- Cashflow at 35% down
- −$6,393/mo
- Down payment to break even
- 99%
- Rate to break even
- Not reachable
71% under asking
$10,263/mo above the estimate
$1,434,510 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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