2923 Nuestra
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2923 Nuestra

Ctop 80%

Fallbrook, CA 92028

$1,479,800

Pass at asking: -$5,651/mo full cashflow at 20% down, 7.43% rate.

Works at $744,096 (50% under asking), or at 75% down.

Rent $7,422/mo from 4 leases of 4-bed houses in 92028 ($6,098–$7,486).

Beds

4

Baths

5

Sqft

5,973

Year Built

1982

Days on Market

127

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW26141340

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

Virtual Tour

About This Property

PRIVATE GIRD VALLEY WINE COUNTRY RETREATAUTUMN - time for gathering in your new home with family and friends - plenty of room for all! With no close neighbors you can crank up the tunes! This large home has hosted a sit-down Christmas dinner for 65 and a 50th birthday party with a DJ and local celebrities on the pool deck. Continue the festive traditions in this beautiful custom home tucked in the privacy of your own oak forest.This home was designed to embrace its setting. Wraparound balconies, patios and French doors extend living spaces outdoors, with views across the oaks, surrounding hills, pool & spa. Inside, distinctive architectural details give the home warmth & character: soaring beamed ceilings, an arched window, an oversized brick fireplace, custom built-ins, open shelving, solid-brass hardware & an artist-signed etched-glass window.At the heart of the home, the European-inspired chef's kitchen combines generous entertaining space with one-of-a-kind details, including a French copper prep sink, coffered tin ceiling, Sub-Zero refrigerator, newer stainless cooktop & double oven, two dishwashers, window seating & a Dutch door opening to the balcony.The primary suite offers its own private escape, including a Juliet balcony overlooking the pool. A library/bedroom with built-in shelves, reading nooks & a private patio provides another intimate retreat.THE PROPERTY'S GREATEST ADVANTAGE IS ITS FLEXIBILITY. The renovated lower level includes two bedrooms & baths, a 2nd family/game room, kitchenette, laundry & mud rooms. The studio, with its separate entrance through the front patio, has a built-in desk, kitchenette & full bath, which creates additional space for work-from-home, guests or multigenerational living, while a separate-entry exercise/flex room with bath offers more possibilities.Outside, the property becomes its own retreat. Unwind in the pool & spa, wander the private trails to the stream, or simply enjoy the quiet from one of the home's many balconies & patios. New wood decking, a split driveway with turnaround space, separate 3+ car garage & RV parking add practicality to the setting - all with no HOA.Close to Monserate Winery & Gird Valley Preserve, with convenient access to downtown Fallbrook and I-15, and 25 minutes to the beach at Oceanside, this property offers an uncommon combination of privacy (no close neighbors) & accessibility. THIS IS A PLACE TO GATHER, RETREAT & CREATE.

Mortgage Calculator

Est. Monthly Payment

$10,132

Principal & Interest$8,221
Property Tax$1,480
Insurance$432
%($295,960)
%
Loan Term

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.

Investment Score

25C
Est. Monthly Rent
$7,422

4 leases of 4-bed houses in 92028 · $6,098–$7,486

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,711
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,651

What would make this work?

$5,651/mo short at 20% down; 75% down or +$7,339/mo rent closes it.

Break-even price

50% under asking

$744,096
Break-even rent

$7,339/mo above the estimate

$14,761/mo
Cashflow at 35% down
−$4,110/mo
Down payment to break even

$1,109,850 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,221
Cap Rate
2.38%
Cash-on-Cash
-22.91%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$35,293
Price-to-Rent

Lower = better for investors

16.6

* 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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CCashflow−$5,651/mo