3001 Lakemont Drive
Ctop 80%Fallbrook, CA 92028
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 →
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
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
$4,309
Comp Average
$4,397

514 Live Oak Park
3bd / 2ba · 2,406 sqft · Single Family
$825K
Est. $4,208/mo
3162 Reche Road
3bd / 2.5ba · 2,364 sqft · Single Family
$899K
Est. $4,448/mo
929 Pepper Tree Lane
3bd / 2ba · 2,280 sqft · Single Family
$959K
Est. $4,450/mo
5012 Sleeping Indian
3bd / 2.5ba · 2,200 sqft · Single Family
$980K
Est. $4,519/mo
4880 San Jacinto Circle East
3bd / 2.5ba · 2,276 sqft · Single Family
$1.20M
Est. $4,362/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
17 leases of 3-bed houses in 92028 · $4,185–$4,618
Blended 50/50 with the zip's market median ($4,149)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,002/mo short at 20% down; 81% down or +$5,198/mo rent closes it.
- Break-even price
- $430,223
- Break-even rent
- $9,507/mo
- Cashflow at 35% down
- −$3,008/mo
- Down payment to break even
- 81%
- Rate to break even
- Not reachable
55% under asking
$5,198/mo above the estimate
$768,690 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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