1832 Camino Rainbow
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1832 Camino Rainbow

Ctop 80%

Fallbrook, CA 92028

$1,045,000

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 →

Virtual Tour

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

Principal & Interest$5,805
Property Tax$1,045
Insurance$305
%($209,000)
%
Loan Term

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.

Investment Score

26C
Est. Monthly Rent
$4,784

16 leases of 3-bed houses in 92028 · $4,616–$5,022

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,371
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,343

What would make this work?

$4,343/mo short at 20% down; 80% down or +$5,640/mo rent closes it.

Break-even price

54% under asking

$479,605
Break-even rent

$5,640/mo above the estimate

$10,424/mo
Cashflow at 35% down
−$3,254/mo
Down payment to break even

$836,000 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,805
Cap Rate
1.95%
Cash-on-Cash
-24.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.67

NOI (Annual)
$20,425
Price-to-Rent

Lower = better for investors

18.2

* 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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CCashflow−$4,343/mo