2258 Gird Rd
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2258 Gird Rd

Ctop 80%

Fallbrook, CA 92028

$2,199,000

Pass at asking: -$11,667/mo full cashflow at 20% down, 7.43% rate.

Works at $679,867 (69% under asking), or at 97% down.

Rent $6,781/mo from 6 leases of 4–6 bed houses in 92028 ($5,835–$6,531).

Beds

5

Baths

4.5

Sqft

5,104

Year Built

1990

Days on Market

47

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608918

This property is in Fallbrook (92028). Browse neighborhood analytics →

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About This Property

HUGE PRICE IMPROVEMENT.....Tucked among the picturesque rolling hills of Fallbrook, this exceptional custom estate offers a rare combination of privacy, space, and refined living. Set behind private gates on approximately 9.24 acres, the property presents endless possibilities for creating a vineyard, private grove, expansive gardens, or an extraordinary outdoor retreat. Encompassing just over 5,000 square feet, the estate features a four-bedroom main residence with an oversized office and game room, plus a separate private studio guest house complete with kitchen, full bath, walk-in closet, dedicated parking, and private patios—ideal for guests, extended family, or a secluded retreat. The open-concept main residence showcases soaring ceilings, panoramic views, and generous living spaces designed for both entertaining and everyday comfort. The primary suite features a beautifully appointed walk-in shower, dual vanities, custom-organized walk-in closet, and convenient access to a built-in Jacuzzi with new epoxy coating. The extensively upgraded kitchen features new cabinetry, quartz countertops, KitchenAid appliances, and updated flooring. Additional improvements include refreshed bathrooms, LED ceiling lighting, fresh interior paint, luxury vinyl flooring, new garage doors and openers, and sleek epoxy garage flooring. Car enthusiasts, collectors, and hobbyists will appreciate the attached three-car garage plus a detached two-car garage and 36' x 24' workshop, offering exceptional storage and versatility. Outdoors, a newly added backyard pergola and refreshed landscaping create an inviting setting for entertaining, dining, and enjoying the peaceful countryside. Private, beautifully upgraded, and exceptionally versatile, this remarkable Fallbrook estate offers elevated country living with room to create a truly distinctive lifestyle.

Mortgage Calculator

Est. Monthly Payment

$15,057

Principal & Interest$12,216
Property Tax$2,199
Insurance$641
%($439,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Live Oak 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.

Investment Score

5C
Est. Monthly Rent
$6,781

6 leases of 4–6 bed houses in 92028 · $5,835–$6,531

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$8,275
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,667

What would make this work?

$11,667/mo short at 20% down; 97% down or +$15,153/mo rent closes it.

Break-even price

69% under asking

$679,867
Break-even rent

$15,153/mo above the estimate

$21,934/mo
Cashflow at 35% down
−$9,377/mo
Down payment to break even

$2,133,030 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,216
Cap Rate
0.48%
Cash-on-Cash
-31.83%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
$10,655
Price-to-Rent

Lower = better for investors

27.0

* 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−$11,667/mo