
1611 Hillcrest
Btop 30%Fallbrook, CA 92028
Pass at asking: -$2,936/mo full cashflow at 20% down, 7.36% rate.
Works at $464,833 (45% under asking), or at 71% down.
Rent $4,614/mo from 9 leases of 3–5 bed houses within 2 mi ($3,885–$4,290).
Beds
4
Baths
3
Sqft
1,970
Year Built
1958
Days on Market
136
Property Type
Single Family
HOA/mo
N/A
MLS ID
SW26109297
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
CLOSE TO TOWN | RV PARKING | MOTHER IN-LAW QUARTERS | LARGE CUSTOM PATIO | PERSONAL ORCHARD | Situated on a generous half-acre lot in Fallbrook, this warm and inviting 4 bedroom, 3 bathroom home spans 1,970 square feet and immediately welcomes you with its exceptional character and a layout designed for a true sense of comfort, all with the added peace of mind that comes from low property taxes and no HOA fees. An extra-large driveway provides extensive parking and plenty of space for an RV, offering safe and easy access to Mission while placing you just moments away from downtown Fallbrook for all your major shopping, amazing local restaurants, charming coffee shops, beautiful parks, scenic trails, and so much more of what really makes this community such a special place to live. Stepping inside, the residence instantly feels like home, showcasing original wood flooring in excellent condition throughout the main living areas and an incredibly welcoming atmosphere. The heart of the home flows beautifully around the dining room, which features a lovely built-in bar and china cabinet alongside an added pantry and storage space complete with beautiful built-in display cabinets. For multi-generational living or visiting guests, the attached mother-in-law unit with its own private entrance offers the perfect blend of connection and privacy. The living space effortlessly expands outdoors to a covered barbecue patio right off the dining area, a dedicated covered spa patio, and an extra-large covered patio featuring a built-in fire pit that is perfect for gathering with loved ones. Surrounded by a beautiful lot filled with numerous fruit and citrus trees, this peaceful property offers a rare combination of charm and functionality, so come see it today and imagine the wonderful memories you will make in this enchanting space.
Mortgage Calculator
Est. Monthly Payment
$5,781
Location
Loading map...
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
$4,614
Comp Average
$4,187
749 De Luz
3bd / 2ba · 1,932 sqft · Single Family
$720K
Est. $4,023/mo
5461 Rainbow Creek
4bd / 1ba · 2,000 sqft · Single Family
$799K
Est. $4,471/mo
472 Kalmia Street
4bd / 2ba · 2,074 sqft · Single Family
$799K
Est. $4,212/mo

2829 Golfview Drive
4bd / 3ba · 2,205 sqft · Single Family
$799K
Est. $4,143/mo
1631 Ranchwood Lane
4bd / 3ba · 2,040 sqft · Single Family
$940K
Est. $4,084/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3–5 bed houses within 2 mi · $3,885–$4,290
Blended 50/50 with the zip's market median ($5,102)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,936/mo short at 20% down; 71% down or +$3,813/mo rent closes it.
- Break-even price
- $464,833
- Break-even rent
- $8,427/mo
- Cashflow at 35% down
- −$2,058/mo
- Down payment to break even
- 71%
- Rate to break even
- Not reachable
45% under asking
$3,813/mo above the estimate
$602,790 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.
Open Full Calculator