2829 Golfview Drive
Btop 30%Fallbrook, CA 92028
Pass at asking: -$2,947/mo full cashflow at 20% down, 7.43% rate.
Works at $415,376 (48% under asking), or at 74% down.
Rent $4,143/mo from 4 leases of 4-bed houses in 92028 ($3,705–$4,548).
Beds
4
Baths
3
Sqft
2,205
Year Built
1965
Days on Market
113
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2606873
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
**UPDATE $100k REDUCTION All building plans are now fully county-approved with every required signature collected including FICO stamp.** Incredible investor opportunity in Fallbrook! This 2,205 sq ft home sits on a peaceful cul-de-sac with unobstructed vineyard views — a rare setting you can't recreate. Sold entirely AS-IS, this property is primed for a straightforward path to completion. Renovation is already underway, giving the next owner a serious head start. A JADU conversion is also underway, adding excellent rental or multi-generational income potential Ask the listing agent for any additional details about the project! Whether you're a fix-and-flip investor or a builder looking to add value in one of North County's most desirable pockets, this is a chance to capitalize on someone else's groundwork — priced to move at $799,000. Don't miss this one!
Mortgage Calculator
Est. Monthly Payment
$5,471
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 foundThis Property
$4,143
Comp Average
$4,305
5461 Rainbow Creek
4bd / 1ba · 2,000 sqft · Single Family
$799K
Est. $4,463/mo
1611 Hillcrest
4bd / 3ba · 1,970 sqft · Single Family
$849K
Est. $4,606/mo
472 Kalmia Street
4bd / 2ba · 2,074 sqft · Single Family
$799K
Est. $4,124/mo
248 Dun Blazer Way
4bd / 2.5ba · 2,156 sqft · Single Family
$765K
Est. $3,992/mo
35241 Valencia Pt
4bd / 3ba · 2,166 sqft · Single Family
$875K
Est. $4,338/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of 4-bed houses in 92028 · $3,705–$4,548
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,947/mo short at 20% down; 74% down or +$3,827/mo rent closes it.
- Break-even price
- $415,376
- Break-even rent
- $7,970/mo
- Cashflow at 35% down
- −$2,114/mo
- Down payment to break even
- 74%
- Rate to break even
- Not reachable
48% under asking
$3,827/mo above the estimate
$591,260 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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