2103 Margarita Glen
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$6,415/mo full cashflow at 20% down, 7.36% rate.
Works at $535,649 (61% under asking), or at 88% down.
Rent $5,316/mo from 28 leases of houses in 92028, size-adjusted ($5,179–$5,644).
Beds
6
Baths
5
Sqft
3,598
Year Built
1985
Days on Market
176
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2604917
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Cross over the bridge with creek below and down a country lane to this private destination. Entering through the gates and peaceful surroungings set the tone for a relaxed lifestyle. Potential area for horses with nearby riding and hiking trails along the Santa Margarita river. The beautifully updated home is well suited for 2 separated living spaces if desired. The entry level boasts a great room with fireplace and access to deck to enjoy afternoon breezes. The level below could function on it's own with separate level entry from outside. Enjoy the best of both worlds living in a rural setting and still only minutes to commute corridors. There's a place for RV with water source and electricity.
Mortgage Calculator
Est. Monthly Payment
$9,362
Location
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Zoned Schools
Elementary
William H. Frazier 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
5 comps foundThis Property
$5,316
Comp Average
$5,722
3562 Mission Road
5bd / 4.5ba · 3,122 sqft · Single Family
$1.10M
Est. $5,901/mo
405 Olive Hill Way
5bd / 3.5ba · 3,194 sqft · Single Family
$1.05M
Est. $5,400/mo
365 Charles Swisher Court
5bd / 4ba · 3,401 sqft · Single Family
$1.27M
Est. $6,136/mo
39150 Daily Road
5bd / 3.5ba · 2,996 sqft · Single Family
$1.50M
Est. $5,851/mo
2369 Vern Dr
5bd / 3.5ba · 3,605 sqft · Single Family
$1.95M
Est. $5,321/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
28 leases of houses in 92028, size-adjusted · $5,179–$5,644
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,415/mo short at 20% down; 88% down or +$8,331/mo rent closes it.
- Break-even price
- $535,649
- Break-even rent
- $13,647/mo
- Cashflow at 35% down
- −$4,992/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$8,331/mo above the estimate
$1,210,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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