
2923 Nuestra
Ctop 80%Fallbrook, CA 92028
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$7,422
Comp Average
$6,287
1745 Dorothea Avenue
5bd / 5ba · 5,151 sqft · Single Family
$1.20M
Est. $6,282/mo
40461 Rock Mountain
5bd / 6.5ba · 4,532 sqft · Single Family
$1.23M
Est. $6,439/mo
3006 Skycrest Drive
4bd / 3.5ba · 4,854 sqft · Single Family
$1.45M
Est. $5,982/mo
3642 Alta Vista Drive
4bd / 3ba · 4,583 sqft · Single Family
$1.80M
Est. $5,951/mo
2258 Gird Rd
5bd / 4.5ba · 5,104 sqft · Single Family
$2.20M
Est. $6,781/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of 4-bed houses in 92028 · $6,098–$7,486
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,651/mo short at 20% down; 75% down or +$7,339/mo rent closes it.
- Break-even price
- $744,096
- Break-even rent
- $14,761/mo
- Cashflow at 35% down
- −$4,110/mo
- Down payment to break even
- 75%
- Rate to break even
- Not reachable
50% under asking
$7,339/mo above the estimate
$1,109,850 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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