2278 Lindsey Ct

2278 Lindsey Ct

Ctop 80%

Fallbrook, CA 92028

$1,575,000
NEW — 0d

Pass at asking: -$8,487/mo full cashflow at 20% down, 7.49% rate.

Works at $474,641 (70% under asking), or at 98% down.

Rent $4,754/mo from 4 leases of 4-bed houses in 92028 ($4,059–$4,983).

Beds

4

Baths

2

Sqft

2,647

Year Built

2003

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026174SD

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

About This Property

Beautifully renovated single story custom home with sweeping views, sophisticated finishes, and a private saltwater pool and spa. Located in a quiet Fallbrook neighborhood of just 14 homes, the property enjoys eastern sunrise views and colorful evening skies. Inside, 9 inch European engineered wood flooring, leatherized quartzite countertops, and high ceilings complement the remodeled kitchen and spacious living areas. Four fireplaces add character to the living room, family room, primary suite, and outdoor loggia. A separate office provides a dedicated workspace. The backyard is designed for entertaining, featuring an infinity edge pool, heated spa with swim jet, water features, covered patios, and a built in Bull barbecue. Established landscaping, full fencing, and gently rolling terrain create a private outdoor setting with room for gardening and recreation. A three car garage, RV parking, and generous additional parking accommodate vehicles and recreational equipment. With no HOA or Mello Roos, this distinctive Fallbrook residence offers custom craftsmanship and convenient access to local amenities, wineries, and North San Diego County.

Mortgage Calculator

Est. Monthly Payment

$10,836

Principal & Interest$8,801
Property Tax$1,575
Insurance$459
%($315,000)
%
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

4C
Est. Monthly Rent
$4,754

4 leases of 4-bed houses in 92028 · $4,059–$4,983

Blended 50/50 with the zip's market median ($5,090)

Monthly Cashflow

Rent − PITIA

-$6,081
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,487

What would make this work?

$8,487/mo short at 20% down; 98% down or +$11,023/mo rent closes it.

Break-even price

70% under asking

$474,641
Break-even rent

$11,023/mo above the estimate

$15,777/mo
Cashflow at 35% down
−$6,837/mo
Down payment to break even

$1,543,500 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,801
Cap Rate
0.42%
Cash-on-Cash
-32.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.44

NOI (Annual)
$6,621
Price-to-Rent

Lower = better for investors

27.6

* Modelled at 20% down, 7.49% 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−$8,487/mo