1609 Calavo Road
Btop 30%Fallbrook, CA 92028
Pass at asking: -$3,210/mo full cashflow at 20% down, 7.36% rate.
Works at $354,721 (54% under asking), or at 81% down.
Rent $3,520/mo from 10 leases of 1–3 bed houses within 2 mi ($3,705–$3,990).
Beds
2
Baths
2
Sqft
1,810
Year Built
1978
Days on Market
—
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2609965
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Great opportunity to own a home in Fallbrook! Tucked away on a quiet cul de sac in Fallbrook with over a 1/3 acre lot, you will find this custom 2 bedroom, 2 bath, 1,810 square foot home. The spacious yard enjoys fruit trees and open space that is very walkable and usable. There is an attached 2 garage in front and a deck out back! Come see it before its gone!
Mortgage Calculator
Est. Monthly Payment
$5,275
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
$3,520
Comp Average
$3,698
1256 Olive
3bd / 2.5ba · 1,824 sqft · Single Family
$849K
Est. $4,204/mo
971 Ridge Heights
2bd / 2ba · 1,600 sqft · Single Family
$699K
Est. $3,456/mo
1066 Ridge Heights Drive
2bd / 2ba · 1,839 sqft · Single Family
$725K
Est. $3,479/mo
335 Morro Hills Road
2bd / 2ba · 1,792 sqft · Single Family
$899K
Est. $3,587/mo
3101 Cherrypoint Court
3bd / 2.5ba · 1,784 sqft · Single Family
$920K
Est. $3,762/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 1–3 bed houses within 2 mi · $3,705–$3,990
Blended 50/50 with the zip's market median ($3,194)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,210/mo short at 20% down; 81% down or +$4,169/mo rent closes it.
- Break-even price
- $354,721
- Break-even rent
- $7,689/mo
- Cashflow at 35% down
- −$2,409/mo
- Down payment to break even
- 81%
- Rate to break even
- Not reachable
54% under asking
$4,169/mo above the estimate
$627,545 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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