2777 Kingridge Drive
1 / 20

2777 Kingridge Drive

Dbottom 20%

Fallbrook, CA 92028

$1,100,000

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 →

Virtual Tour

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

Principal & Interest$6,111
Property Tax$1,100
Insurance$321
%($220,000)
%
Loan Term

Location

Loading map...

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.

Investment Score

2D
Est. Monthly Rent
$3,035

21 leases of 1–3 bed houses in 92028 · $2,758–$3,024

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$4,497
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,112

What would make this work?

$6,112/mo short at 20% down; +$7,937/mo rent closes it.

Break-even price

72% under asking

$304,239
Break-even rent

$7,937/mo above the estimate

$10,972/mo
Cashflow at 35% down
−$4,966/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,111
Cap Rate
0.16%
Cash-on-Cash
-33.34%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$1,812
Price-to-Rent

Lower = better for investors

30.2

* 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.

Open Full Calculator
DCashflow−$6,112/mo