
1850 Canyon Heights Road
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$6,424/mo full cashflow at 20% down, 7.43% rate.
Works at $462,565 (64% under asking), or at 92% down.
Rent $4,614/mo from 4 leases of 4-bed houses in 92028 ($4,058–$4,982).
Beds
4
Baths
2.5
Sqft
2,646
Year Built
1992
Days on Market
77
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2607997
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Beautiful custom home on 2.01 acres along a private road! This 4-bedroom farmhouse offers the perfect blend of peaceful country living, comfortable living spaces, privacy and endless possibilities. Step inside to a bright and inviting home featuring a dramatic two-story entry and comfortable family room with a wood-burning stove and access to the back covered concrete patio—an ideal space for dining, relaxing and entertaining guests. The beautiful, updated kitchen features granite countertops, wood cabinetry, recessed lighting, a large center island with ample workspace and a convenient breakfast nook. Separate formal dining and living areas have vaulted ceilings and provide additional space for gatherings and entertaining. The spacious primary suite is conveniently located on the first floor and features a private bath with separate tub and shower and a walk-in closet. Upstairs, enjoy beautiful Fallbrook sunsets and westerly views from the balcony accessed from two of the bedrooms, while the fourth bedroom offers easterly views. The expansive grounds provide plenty of usable space for animals, gardening, recreation or future improvements and include a horse arena, corral, two large sheds, and mature fruit and avocado trees. Ideally located just 5 minutes from the I-15 freeway, enjoy the space and privacy of country living while remaining close to shopping, dining, entertainment, wineries and the beach. Lots of room to create your own private homestead, horse property, ranch or dream estate, with potential for an ADU and plenty of space to make the property your own. No HOA and no CC&Rs.
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Est. Monthly Payment
$8,894
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
$4,614
Comp Average
$4,781
3533 Sarah Ann Dr.
4bd / 2.5ba · 2,638 sqft · Single Family
$969K
Est. $4,557/mo

1514 Camino De Nog
4bd / 3ba · 2,596 sqft · Single Family
$1.07M
Est. $4,767/mo
1905 Green Vista Lane
4bd / 3ba · 2,667 sqft · Single Family
$1.10M
Est. $4,694/mo
525 Stewart Canyon Road
4bd / 4.5ba · 2,723 sqft · Single Family
$1.50M
Est. $4,936/mo
2278 Lindsey Ct
4bd / 2ba · 2,647 sqft · Single Family
$1.57M
Est. $4,953/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of 4-bed houses in 92028 · $4,058–$4,982
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,424/mo short at 20% down; 92% down or +$8,343/mo rent closes it.
- Break-even price
- $462,565
- Break-even rent
- $12,957/mo
- Cashflow at 35% down
- −$5,071/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
64% under asking
$8,343/mo above the estimate
$1,195,080 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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