310 Ivy Ln
Btop 30%Fallbrook, CA 92028
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: -$2,144/mo full cashflow at 20% down, 7.36% rate.
Works at $249,445 (53% under asking), or at 79% down.
Rent $3,028/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($2,936–$3,217).
Beds
2
Baths
2
Sqft
1,281
Year Built
1976
Days on Market
0
Property Type
Condo
HOA/mo
$425
MLS ID
260026946SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
VA APPROVED CONDO! CONVENIENTLY LOCATED NEAR CAMP PENDLETON! Welcome to this spacious ground level 2 bedroom, 2 bathroom condo offering comfort, convenience, and an ideal location anyone looking to enjoy North County living! This home features generously sized bedrooms, newer flooring, in unit laundry, and a large private backyard, perfect for relaxing, entertaining, or enjoying the Southern California sunshine. Additional highlights include a private one car garage, air conditioning, and a furnace installed in 2026. Conveniently located just a short drive from Camp Pendleton, with easy access to downtown, shopping, dining, and everyday essentials.
Mortgage Calculator
Est. Monthly Payment
$4,034
Location
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Zoned Schools
Elementary
Fallbrook STEM Academy · 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.
Comparable Properties
5 comps foundThis Property
$3,028
Comp Average
$3,034
4129 Cyprus Island Court
2bd / 2ba · 1,308 sqft · Condo
$469K
Est. $3,044/mo
4123 Oak Island
2bd / 2ba · 1,308 sqft · Condo
$499K
Est. $3,003/mo
4115 Cyprus Island Court
2bd / 2ba · 1,308 sqft · Condo
$499K
Est. $3,044/mo
2542 Los Cerritos Lane
2bd / 2ba · 1,389 sqft · Condo
$530K
Est. $3,118/mo
4308 Los Padres Dr
2bd / 2ba · 1,196 sqft · Condo
$575K
Est. $2,962/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of condos & townhomes in 92028, size-adjusted · $2,936–$3,217
Blended 50/50 with the zip's market median ($2,981)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,144/mo short at 20% down; 79% down or +$2,785/mo rent closes it.
- Break-even price
- $249,445
- Break-even rent
- $5,813/mo
- Cashflow at 35% down
- −$1,596/mo
- Down payment to break even
- 79%
- Rate to break even
- Not reachable
53% under asking
$2,785/mo above the estimate
$418,700 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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