3068 Willow Heights Road
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3068 Willow Heights Road

Ctop 80%

Fallbrook, CA 92028

$1,799,000

Pass at asking: -$9,504/mo full cashflow at 20% down, 7.36% rate.

Works at $555,365 (69% under asking), or at 97% down.

Rent $5,512/mo from 4 leases of 4-bed houses in 92028 ($5,065–$6,219).

Beds

4

Baths

4.5

Sqft

4,122

Year Built

2003

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022906SD

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

Virtual Tour

About This Property

Modern Organic design, high-end finishes, and a peaceful 2.57 acre setting distinguish this extensively renovated Fallbrook estate. Completed in 2025-2026, the 4 bedroom, 4.5 bath residence spans 4,122 square feet, surrounded by beautiful views and a quiet landscape. An 18 foot entry opens to warm natural materials, clean architectural lines, custom millwork, and abundant natural light. The kitchen pairs premium quartz countertops with refined cabinetry and premium Miele appliances, creating a sophisticated centerpiece with exceptional craftsmanship. The primary suite features an illuminated custom walk-in closet and spa-inspired bath with a freestanding soaking tub and hand applied Tadelakt plaster. Each guest suite includes its own uniquely designed en suite bath and walk in closet, providing comfort and separation throughout the floor plan. A saltwater pool and spa with water features and ambient lighting anchor the outdoor areas. Generous patios, BBQ area, gazebo, mature landscaping, and open vistas create a serene environment for dining, entertaining, or simply enjoying the surroundings. An oversized four car garage, whole home audio, smart lighting, and EV charging add modern convenience to a property defined by thoughtful architecture, quality materials, and understated luxury.

Mortgage Calculator

Est. Monthly Payment

$12,249

Principal & Interest$9,925
Property Tax$1,799
Insurance$525
%($359,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    William H. Frazier 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.

Investment Score

5C
Est. Monthly Rent
$5,512

4 leases of 4-bed houses in 92028 · $5,065–$6,219

Monthly Cashflow

Rent − PITIA

-$6,737
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,504

What would make this work?

$9,504/mo short at 20% down; 97% down or +$12,343/mo rent closes it.

Break-even price

69% under asking

$555,365
Break-even rent

$12,343/mo above the estimate

$17,855/mo
Cashflow at 35% down
−$7,643/mo
Down payment to break even

$1,745,030 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,925
Cap Rate
0.46%
Cash-on-Cash
-31.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
$8,360
Price-to-Rent

Lower = better for investors

27.2

* Modelled at 20% down, 7.36% 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−$9,504/mo