308 SEEDLING WAY

308 SEEDLING WAY

Atop 10%

Fallbrook, CA 92028

$499,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$1,767/mo full cashflow at 20% down, 7.43% rate.

Works at $269,017 (46% under asking), or at 72% down.

Rent $3,410/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($2,938–$3,219).

Beds

3

Baths

3

Sqft

1,283

Year Built

2023

Days on Market

—

Property Type

Townhouse

HOA/mo

$560

MLS ID

260026655SD

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

About This Property

The best value in San Diego County! THREE FULL BEDROOMS, attached TWO CAR GARAGE, PAID OFF SOLAR SYSTEM, SMART HOME FEATURES and HOA that covers exterior, roof and fire insurance, in addition to gorgeous community pool, parks and landscaping. Come and live in already established, yet new and modern neighborhood in a great school district. This townhome is nestled in beautiful surroundings, offering easy access to 76 and 15 freeways. It has a functional floor plan with LVP flooring, quartz countertops throughout and a nice front patio completed with modern pavers. With such an amazing attributes and unbeatable price, it is a must see.

Mortgage Calculator

Est. Monthly Payment

$3,977

Principal & Interest$2,772
Property Tax$499
Insurance$146
HOA$560
%($99,800)
%
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

63A
Est. Monthly Rent
$3,410

4 leases of condos & townhomes in 92028, size-adjusted · $2,938–$3,219

Blended 50/50 with the zip's market median ($3,742)

Monthly Cashflow

Rent − PITIA

-$567
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,767

What would make this work?

$1,767/mo short at 20% down; 72% down or +$2,295/mo rent closes it.

Break-even price

46% under asking

$269,017
Break-even rent

$2,295/mo above the estimate

$5,705/mo
Cashflow at 35% down
−$1,248/mo
Down payment to break even

$359,280 cash

72%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,772
Cap Rate
2.83%
Cash-on-Cash
-21.25%
DSCR

Need ≥ 1.25 for DSCR loan

0.86

NOI (Annual)
$14,104
Price-to-Rent

Lower = better for investors

12.2

* 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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ACashflow−$1,767/mo