3001 Lakemont Drive

3001 Lakemont Drive

Ctop 80%

Fallbrook, CA 92028

$949,000
NEW — 0d

Pass at asking: -$4,002/mo full cashflow at 20% down, 7.49% rate.

Works at $430,223 (55% under asking), or at 81% down.

Rent $4,309/mo from 17 leases of 3-bed houses in 92028 ($4,185–$4,618).

Beds

3

Baths

3

Sqft

2,318

Year Built

1970

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2609977

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

Virtual Tour

About This Property

Set above the vineyards of Monserate Winery, this home offers sweeping vineyard, mountain, and rolling-hill views in Fallbrook’s quiet Live Oak Estates neighborhood. Well-maintained and full of original character, the home offers a flexible layout for multigenerational living, with two bedrooms and two bathrooms on the upper main level and one bedroom, one bathroom, a separate family room, and a second full kitchen downstairs. A foyer entry opens to the living and dining rooms, drawing your attention to the views beyond. A large deck off the main level provides space for outdoor dining and relaxing above the vines, while an attached sunroom offers another place to enjoy the scenery. The lower level opens to a spacious patio with incredible views, and well-maintained landscaping surrounding the home. Air conditioning, an oversized two-car garage, ample parking, and a very large subterranean storage area add comfort and convenience. Enjoy the home’s original charm or update it to suit your own style, with vineyard views and peaceful surroundings that make this location special. Located within the Bonsall Unified School District, the home is near Monserate Winery’s dining and wine tasting, Live Oak County Park, and downtown Fallbrook’s shops, galleries, and restaurants. Highway 76 and Interstate 15 provide access to the surrounding communities.

Mortgage Calculator

Est. Monthly Payment

$6,529

Principal & Interest$5,303
Property Tax$949
Insurance$277
%($189,800)
%
Loan Term

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.

Investment Score

29C
Est. Monthly Rent
$4,309

17 leases of 3-bed houses in 92028 · $4,185–$4,618

Blended 50/50 with the zip's market median ($4,149)

Monthly Cashflow

Rent − PITIA

-$2,220
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,002

What would make this work?

$4,002/mo short at 20% down; 81% down or +$5,198/mo rent closes it.

Break-even price

55% under asking

$430,223
Break-even rent

$5,198/mo above the estimate

$9,507/mo
Cashflow at 35% down
−$3,008/mo
Down payment to break even

$768,690 cash

81%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,303
Cap Rate
1.92%
Cash-on-Cash
-25.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$18,199
Price-to-Rent

Lower = better for investors

18.4

* Modelled at 20% down, 7.49% 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−$4,002/mo