3006 Skycrest Drive
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3006 Skycrest Drive

Ctop 80%

Fallbrook, CA 92028

$1,450,000

Pass at asking: -$6,531/mo full cashflow at 20% down, 7.43% rate.

Works at $599,714 (59% under asking), or at 85% down.

Rent $5,982/mo from 4 leases of 4-bed houses in 92028 ($5,497–$6,748).

Beds

4

Baths

3.5

Sqft

4,854

Year Built

1998

Days on Market

107

Property Type

Single Family

HOA/mo

N/A

MLS ID

260018295SD

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

Virtual Tour

About This Property

Nestled on approximately 1.3 acres in the rolling hills of West Fallbrook, this custom single-story home offers breathtaking panoramic views, privacy, and exceptional indoor-outdoor living. Thoughtfully designed with 4 bedrooms and 3.5 bathrooms, with an office, the open-concept floor plan is filled with natural light and showcases two fireplaces, an inviting atrium, and spacious living areas ideal for everyday living and entertaining. The gourmet chef’s kitchen features quartz countertops, a massive center island, abundant cabinetry, and generous prep space. The expansive primary suite serves as a private retreat with dual walk-in closets and a spacious en-suite bath. Step outside to the large view deck and take in the stunning surrounding hills and sunsets. Additional highlights include a large dedicated laundry room, owned solar, an owned propane tank, and expansive grounds with endless possibilities. Conveniently located just minutes from downtown Fallbrook, local wineries, shopping, dining, and easy access to I-15, this exceptional custom home offers the perfect blend of comfort, style, and peaceful country living. Additional highlights include a large dedicated laundry room, owned solar, an owned propane tank, and expansive grounds with endless possibilities. Conveniently located just minutes from downtown Fallbrook, local wineries, shopping, dining, and easy access to I-15, this exceptional custom home offers the perfect blend of comfort, style, and peaceful country living.

Mortgage Calculator

Est. Monthly Payment

$9,928

Principal & Interest$8,055
Property Tax$1,450
Insurance$423
%($290,000)
%
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

15C
Est. Monthly Rent
$5,982

4 leases of 4-bed houses in 92028 · $5,497–$6,748

Monthly Cashflow

Rent − PITIA

-$3,946
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,531

What would make this work?

$6,531/mo short at 20% down; 85% down or +$8,481/mo rent closes it.

Break-even price

59% under asking

$599,714
Break-even rent

$8,481/mo above the estimate

$14,463/mo
Cashflow at 35% down
−$5,020/mo
Down payment to break even

$1,232,500 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,055
Cap Rate
1.51%
Cash-on-Cash
-27.02%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$21,887
Price-to-Rent

Lower = better for investors

20.2

* 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−$6,531/mo