1758 Pala Lake

1758 Pala Lake

Btop 30%

Fallbrook, CA 92028

$379,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$1,707/mo full cashflow at 20% down, 7.36% rate.

Works at $155,815 (59% under asking), or at 86% down.

Rent $2,329/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($2,215–$2,427).

Beds

1

Baths

1

Sqft

729

Year Built

1979

Days on Market

308

Property Type

Condo

HOA/mo

$603

MLS ID

SW26005980

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

About This Property

A nice condo in a very nice community couple with golf course view! The community of Pala Mesa provides resort style living while maintaining close proximity to freeways. Situated between Oceanside and Temecula, this is perfect place for those who commute. This community features like a clubhouse, golf course, a community pool, and plenty of walking grounds for yourself and your animals. Well maintained and upgraded to include granite counter tops, newer carpet, stainless steel appliances, and high ceilings. There is also a one car detached garage for private parking.

Mortgage Calculator

Est. Monthly Payment

$3,184

Principal & Interest$2,091
Property Tax$379
Insurance$111
HOA$603
%($75,800)
%
Loan Term

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

3 comps found

This Property

$2,329

vs

Comp Average

$2,553

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

49B
Est. Monthly Rent
$2,329

4 leases of condos & townhomes in 92028, size-adjusted · $2,215–$2,427

Blended 50/50 with the zip's market median ($2,337)

Monthly Cashflow

Rent − PITIA

-$855
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,707

What would make this work?

$1,707/mo short at 20% down; 86% down or +$2,216/mo rent closes it.

Break-even price

59% under asking

$155,815
Break-even rent

$2,216/mo above the estimate

$4,545/mo
Cashflow at 35% down
−$1,314/mo
Down payment to break even

$325,940 cash

86%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,091
Cap Rate
1.59%
Cash-on-Cash
-27.02%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$6,011
Price-to-Rent

Lower = better for investors

13.6

* 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
BCashflow−$1,707/mo