157 Mercedes Road
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157 Mercedes Road

Btop 30%

Fallbrook, CA 92028

$775,000

Pass at asking: -$2,890/mo full cashflow at 20% down, 7.36% rate.

Works at $396,845 (49% under asking), or at 75% down.

Rent $3,939/mo from 10 leases of 3-bed houses within 2 mi ($3,525–$3,862).

Beds

3

Baths

2

Sqft

1,620

Year Built

1997

Days on Market

63

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608502

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

Virtual Tour

About This Property

Welcome to this beautifully updated 3-bedroom, 2-bath single-story home offering a spacious yard, flexible bonus space and a convenient Fallbrook location near La Paloma Elementary and just minutes from Fallbrook High School. From the moment you arrive, the home makes a great first impression with inviting curb appeal and low-maintenance artificial turf. Inside, the open-concept living and dining areas create a bright, comfortable space for everyday living and entertaining, highlighted by a cozy fireplace. The recently remodeled kitchen features grey shaker cabinetry, quartz countertops, a striking copper farmhouse sink and stainless steel appliances. All three bedrooms are generously sized, including a spacious primary suite with its own en-suite bathroom. Out back, you'll find an expansive, fully fenced yard with additional artificial turf and plenty of room to relax, entertain, garden or make the space your own. A truly unique bonus awaits in the backyard — a fully finished detached 10’ x 16’ space offering incredible flexibility for today’s lifestyle. Complete with electricity, lighting and HVAC, this versatile retreat can serve as a private home office, creative studio, workout space, hobby room or peaceful getaway. Finished with the same attention to detail as the main home, it’s the kind of bonus space that can adapt to whatever life calls for. If you're looking for an updated single-story home with a large yard, flexible additional space and a more relaxed Fallbrook setting, this one is worth a look. Leased solar adds another benefit and may help reduce monthly electricity costs.

Mortgage Calculator

Est. Monthly Payment

$5,277

Principal & Interest$4,276
Property Tax$775
Insurance$226
%($155,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    William H. Frazier 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

47B
Est. Monthly Rent
$3,939

10 leases of 3-bed houses within 2 mi · $3,525–$3,862

Blended 50/50 with the zip's market median ($4,127)

Monthly Cashflow

Rent − PITIA

-$1,338
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,890

What would make this work?

$2,890/mo short at 20% down; 75% down or +$3,753/mo rent closes it.

Break-even price

49% under asking

$396,845
Break-even rent

$3,753/mo above the estimate

$7,692/mo
Cashflow at 35% down
−$2,088/mo
Down payment to break even

$581,250 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,276
Cap Rate
2.45%
Cash-on-Cash
-22.37%
DSCR

Need ≥ 1.25 for DSCR loan

0.75

NOI (Annual)
$18,998
Price-to-Rent

Lower = better for investors

16.4

* Modelled at 20% down, 7.36% 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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BCashflow−$2,890/mo