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253 Paddock Lane

Fallbrook, CA 92028

$730,000

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$2,824/mo full cashflow at 20% down, 7.43% rate.

Works at $362,316 (50% under asking), or at 76% down.

Rent $3,978/mo from 16 leases of 3-bed houses in 92028 ($3,873–$4,214).

Beds

Baths

2.5

Sqft

1,985

Year Built

2022

Days on Market

Property Type

Single Family

HOA/mo

$280

MLS ID

PTP2606849

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

Virtual Tour

About This Property

2.75% VA assumable loan opportunity! Paid solar, a downstairs den, and an upstairs loft add value and versatility to this 3-bedroom, 2.5-bath home in Fallbrook’s Citro community. Built in 2022, the home offers approximately 1,985 square feet with an open-concept kitchen, dining, and living area designed for comfortable everyday living and entertaining. The downstairs den provides space for a home office, hobby room, or additional sitting area, while the upstairs loft offers a separate retreat for relaxing, working, or gathering. Smart home features, paid solar, and an EV charger bring added convenience and energy efficiency. Enjoy Citro’s community pool, clubhouse, parks, dog park, bocce court, and walking trails, along with convenient access to I-15 and Highway 76 for travel to Camp Pendleton and destinations throughout North County. Schedule your private tour today!

Mortgage Calculator

Est. Monthly Payment

$5,278

Principal & Interest$4,055

Property Tax$730

Insurance$213

HOA$280

Down Payment

%($146,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Bonsall Elementary · grades K-5 · Bonsall Unified
Middle
Norman L. Sullivan Middle · grades 6-8 · Bonsall Unified
High
Bonsall High · grades 9-12 · Bonsall Unified

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 found

This Property

$3,978

Comp Average

$3,979

749 De Luz

3bd / 2ba · 1,932 sqft · Single Family

$720K

Est. $3,991/mo

35552 Asturian Way

3bd / 2.5ba · 2,022 sqft · Single Family

$769K

Est. $4,053/mo

35769 Asturian Way

3bd / 2.5ba · 2,022 sqft · Single Family

$769K

Est. $4,013/mo

35534 Asturian Way

3bd / 2.5ba · 2,022 sqft · Single Family

$799K

Est. $4,046/mo

461 Meadowood Street

3bd / 2ba · 1,814 sqft · Single Family

$815K

Est. $3,794/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

46B

Est. Monthly Rent

$3,978

16 leases of 3-bed houses in 92028 · $3,873–$4,214

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,300

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,824

What would make this work?

$2,824/mo short at 20% down; 76% down or +$3,667/mo rent closes it.

Break-even price: $362,316
Break-even rent: $7,645/mo
Cashflow at 35% down: −$2,063/mo
Down payment to break even: 76%
Rate to break even: Not reachable

Mortgage (P+I)

$4,055

Cap Rate

2.35%

Cash-on-Cash

-23.21%

DSCR

Need ≥ 1.25 for DSCR loan

0.75

NOI (Annual)

$17,168

Price-to-Rent

Lower = better for investors

15.3

* 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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BCashflow−$2,824/mo