
2369 Vern Dr
Dbottom 20%Fallbrook, CA 92028
Pass at asking: -$10,880/mo full cashflow at 20% down, 7.43% rate.
Works at $533,401 (73% under asking); even all cash loses money at asking.
Rent $5,321/mo from 6 leases of 4–6 bed houses in 92028 ($4,904–$5,489).
Beds
5
Baths
3.5
Sqft
3,605
Year Built
1993
Days on Market
98
Property Type
Single Family
HOA/mo
N/A
MLS ID
260018981SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Welcome to 2369 Vern Drive, a private gated Mediterranean estate set on four picturesque acres in the rolling hills of Fallbrook. Surrounded by more than 70 avocado and fruit trees, this exceptional property captures breathtaking panoramic views from nearly every room while offering the perfect balance of privacy, elegance, and resort-style living. Rich architectural details including soaring beamed and vaulted ceilings, handcrafted woodwork, dramatic columns, and multiple fireplaces create a warm yet impressive atmosphere throughout. Designed for both everyday living and entertaining, the expansive floor plan features generous gathering spaces, a beautifully updated kitchen with new appliances, and seamless indoor-outdoor living. Outside, enjoy a sparkling heated pool, beautifully landscaped grounds, covered patios, balconies, and tranquil sitting areas overlooking the surrounding hillsides. The approximately 1,000-square-foot guest house provides outstanding flexibility for multigenerational living, extended guests, a private office, or creative studio. Recent improvements include luxury vinyl plank flooring, a new water heater, dishwasher, and refrigerator, enhancing both comfort and value. With a gated entry, three-car garage, producing orchard, and an idyllic setting just minutes from Fallbrook's conveniences, this remarkable estate offers the privacy, character, and lifestyle rarely found in North San Diego County.
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Est. Monthly Payment
$13,352
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.
Comparable Properties
5 comps foundThis Property
$5,321
Comp Average
$5,565
365 Charles Swisher Court
5bd / 4ba · 3,401 sqft · Single Family
$1.27M
Est. $6,136/mo
3550 Laketree Drive
4bd / 4ba · 3,575 sqft · Single Family
$1.30M
Est. $5,683/mo
2103 Margarita Glen
6bd / 5ba · 3,598 sqft · Single Family
$1.38M
Est. $5,316/mo
991 River Oaks
4bd / 3.5ba · 3,611 sqft · Single Family
$1.85M
Est. $5,430/mo
33 Gateview
4bd / 3.5ba · 3,756 sqft · Single Family
$2.29M
Est. $5,262/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
6 leases of 4–6 bed houses in 92028 · $4,904–$5,489
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$10,880/mo short at 20% down; +$14,130/mo rent closes it.
- Break-even price
- $533,401
- Break-even rent
- $19,451/mo
- Cashflow at 35% down
- −$8,849/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
73% under asking
$14,130/mo above the estimate
Negative even all-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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