
3006 Skycrest Drive
Ctop 80%Fallbrook, CA 92028
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 →
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
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
$5,982
Comp Average
$5,766
40461 Rock Mountain
5bd / 6.5ba · 4,532 sqft · Single Family
$1.23M
Est. $6,439/mo
3642 Alta Vista Drive
4bd / 3ba · 4,583 sqft · Single Family
$1.80M
Est. $5,951/mo

4462 Fallsbrae Rd
4bd / 4ba · 3,930 sqft · Single Family
$1.60M
Est. $5,382/mo
3068 Willow Heights Road
4bd / 4.5ba · 4,122 sqft · Single Family
$1.85M
Est. $5,512/mo
521 Rancho Camino
4bd / 3ba · 4,170 sqft · Single Family
$1.90M
Est. $5,544/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of 4-bed houses in 92028 · $5,497–$6,748
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,531/mo short at 20% down; 85% down or +$8,481/mo rent closes it.
- Break-even price
- $599,714
- Break-even rent
- $14,463/mo
- Cashflow at 35% down
- −$5,020/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
59% under asking
$8,481/mo above the estimate
$1,232,500 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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