1850 Canyon Heights Road
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1850 Canyon Heights Road

Ctop 80%

Fallbrook, CA 92028

$1,299,000

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 →

Virtual Tour

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.

Mortgage Calculator

Est. Monthly Payment

$8,894

Principal & Interest$7,216
Property Tax$1,299
Insurance$379
%($259,800)
%
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

9C
Est. Monthly Rent
$4,614

4 leases of 4-bed houses in 92028 · $4,058–$4,982

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$4,280
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,424

What would make this work?

$6,424/mo short at 20% down; 92% down or +$8,343/mo rent closes it.

Break-even price

64% under asking

$462,565
Break-even rent

$8,343/mo above the estimate

$12,957/mo
Cashflow at 35% down
−$5,071/mo
Down payment to break even

$1,195,080 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,216
Cap Rate
0.95%
Cash-on-Cash
-29.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$12,276
Price-to-Rent

Lower = better for investors

23.5

* 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−$6,424/mo