1832 Camino Rainbow
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$4,343/mo full cashflow at 20% down, 7.43% rate.
Works at $479,605 (54% under asking), or at 80% down.
Rent $4,784/mo from 16 leases of 3-bed houses in 92028 ($4,616–$5,022).
Beds
3
Baths
2.5
Sqft
2,820
Year Built
1990
Days on Market
132
Property Type
Single Family
HOA/mo
N/A
MLS ID
SW26125133
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
This exceptional custom estate on 3.68 acres offers breathtaking panoramic views, a thriving avocado grove, and a peaceful lifestyle. Tucked away on a quiet street, this secluded property overlooks the picturesque hills of Rainbow and provides endless privacy without the restrictions of a gated community, all with low taxes and no HOA.Ideally located, this retreat offers the best of So California living—16 minutes from Temecula's renowned Wine Country, shopping, and entertainment, while also providing convenient access to the coast for beach days and ocean breezes.From the moment you step inside, you'll appreciate the warmth and character of the home, highlighted by beautiful Santa Monica Hickory wood flooring, French doors, exposed beams, and expansive picture windows, that showcase the surrounding countryside and avocado groves. The thoughtfully designed floor plan features three bedrooms, including two bedrooms and a full bath on the main level. A private den just off the kitchen creates the perfect space for a home office, reading room, complete with rustic beams.Upstairs, in addition to the spacious primary suite there is an adjacent bonus loft area, ideal for a home office, or sitting room. The primary suite also features a hidden room with additional storage area. Primary ensuite bath with a large walk-in shower.The kitchen is a chefs delight w room for an island and complemented by a walk-in pantry conveniently located near the laundry room, which includes a utility sink, washer and dryer, and direct access to the outdoors. 2 car garage Outdoor living is truly exceptional, with custom decking surrounding the backyard and multiple vantage points to take in the endless views and stunning sunsets. The property also includes a detached outbuilding featuring an artist's studio or creative space on the upper level, with an additional workshop.Room to accommodate RV parking, recreational vehicles, and multiple cars, the property offers flexibility rarely found in today's market. Enjoy the benefits of city water through Rainbow Water District service, and natural gas, a septic system, and a newer roof on the home.Surrounded by healthy avocado trees and commanding views, this one-of-a-kind Rainbow retreat combines comfort, and unmatched privacy in a truly remarkable setting. Whether you're seeking a full-time residence, or country escape with easy access to Wine Country, this remarkable property delivers it all.
Mortgage Calculator
Est. Monthly Payment
$7,155
Location
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Zoned Schools
Elementary
Vallecitos Elementary · grades K-8 · Vallecitos Elementary
Middle
Vallecitos Elementary · grades K-8 · Vallecitos 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
$4,784
Comp Average
$4,547
1427 El Nido Drive
3bd / 3ba · 2,697 sqft · Single Family
$949K
Est. $4,560/mo
1883 Fox Bridge Court
3bd / 2.5ba · 2,721 sqft · Single Family
$840K
Est. $4,527/mo
4488 La Canada
3bd / 3ba · 2,680 sqft · Single Family
$975K
Est. $4,592/mo
3237 Canonita Drive
3bd / 2.5ba · 2,624 sqft · Single Family
$1.07M
Est. $4,501/mo
1474 Via Encinos
3bd / 2.5ba · 2,588 sqft · Single Family
$1.15M
Est. $4,557/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3-bed houses in 92028 · $4,616–$5,022
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,343/mo short at 20% down; 80% down or +$5,640/mo rent closes it.
- Break-even price
- $479,605
- Break-even rent
- $10,424/mo
- Cashflow at 35% down
- −$3,254/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$5,640/mo above the estimate
$836,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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