
157 Mercedes Road
Btop 30%Fallbrook, CA 92028
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$3,939
Comp Average
$3,765
34727 Criollo Way
3bd / 2.5ba · 1,691 sqft · Single Family
$690K
Est. $3,932/mo
130 Alva
3bd / 2ba · 1,620 sqft · Single Family
$749K
Est. $3,787/mo
4933 Lake Shore Court
3bd / 2ba · 1,535 sqft · Single Family
$685K
Est. $3,506/mo
1004 Santa Margarita
3bd / 2.5ba · 1,680 sqft · Single Family
$742K
Est. $3,707/mo
39339 De Luz Road
3bd / 2ba · 1,623 sqft · Single Family
$850K
Est. $3,894/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 3-bed houses within 2 mi · $3,525–$3,862
Blended 50/50 with the zip's market median ($4,127)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,890/mo short at 20% down; 75% down or +$3,753/mo rent closes it.
- Break-even price
- $396,845
- Break-even rent
- $7,692/mo
- Cashflow at 35% down
- −$2,088/mo
- Down payment to break even
- 75%
- Rate to break even
- Not reachable
49% under asking
$3,753/mo above the estimate
$581,250 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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