
2777 Kingridge Drive
Dbottom 20%Fallbrook, CA 92028
Pass at asking: -$6,112/mo full cashflow at 20% down, 7.43% rate.
Works at $304,239 (72% under asking); even all cash loses money at asking.
Rent $3,035/mo from 21 leases of 1–3 bed houses in 92028 ($2,758–$3,024).
Beds
2
Baths
1.5
Sqft
1,020
Year Built
2021
Days on Market
67
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2607052
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
This property presents an incredible opportunity for Builders, Investors, and First-time homebuyers alike, offering unlimited potential in an exclusive neighborhood. Situated on a double-gated 9.46-acre parcel at the end of a cul-de-sac, the property boasts breathtaking views and exceptional privacy. The existing home features a thoughtfully designed 2-bedroom, 1-bath layout, along with a detached office and half bath. New Veranda Built for additional enjoyment and peaceful moments. The foundation has already been completed, with the slab poured and plumbing and electrical connections in place. In addition, permits are in place for a substantial expansion, allowing the existing home to reach approximately 3,500 square feet. The next owner can move directly into construction and bring their vision to life. The expansive property is adorned with numerous exotic fruit trees and may offer potential for a lot split, creating the possibility of building two additional homes, subject to buyer verification and applicable approvals. Conveniently located just minutes from schools, shopping, Interstate 15, and Highway 76, this rare property combines privacy, space, development potential, and an exceptional location. A truly unique opportunity for those looking to create a one-of-a-kind estate or explore significant investment potential.
Mortgage Calculator
Est. Monthly Payment
$7,532
Location
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Zoned Schools
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
$3,035
Comp Average
$2,857
1061 Old Stage Road
3bd / 2ba · 1,080 sqft · Single Family
$670K
Est. $3,136/mo
860 Magarian Rd
3bd / 2ba · 1,112 sqft · Single Family
$695K
Est. $3,073/mo
1686 Rice Canyon
1bd / 2.5ba · 1,200 sqft · Single Family
$749K
Est. $2,972/mo
5521 Rainbow Heights Road
1bd / 1ba · 888 sqft · Single Family
$749K
Est. $2,568/mo
2125 Puerto Del Mundo
1bd / 1ba · 908 sqft · Single Family
$999K
Est. $2,534/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
21 leases of 1–3 bed houses in 92028 · $2,758–$3,024
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,112/mo short at 20% down; +$7,937/mo rent closes it.
- Break-even price
- $304,239
- Break-even rent
- $10,972/mo
- Cashflow at 35% down
- −$4,966/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
72% under asking
$7,937/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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