31515 Calle Joya
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31515 Calle Joya

Dbottom 20%

Bonsall, CA 92003

$2,100,000

Pass at asking: -$12,844/mo full cashflow at 20% down, 7.43% rate.

Works at $427,548 (80% under asking); even all cash loses money at asking.

Rent $4,265/mo from 4 leases of 2–4 bed houses in 92003 ($4,084–$4,329).

Beds

3

Baths

3.5

Sqft

2,130

Year Built

1980

Days on Market

106

Property Type

Single Family

HOA/mo

N/A

MLS ID

260018328SD

This property is in Bonsall (92003). Browse neighborhood analytics →

Virtual Tour

About This Property

Welcome to a private gated estate on 3.22 acres in the rolling hills of Bonsall. The main-level primary suite offers comfort and convenience, while the fully permitted 1,955-square-foot studio is fully insulated and equipped with A/C—an exceptional opportunity to create a second home on the property or a tasting room for a boutique winery. This custom Mediterranean-inspired residence captures breathtaking panoramic views across surrounding valleys and distant mountain ridgelines, with spectacular sunrises, sunsets, and refreshing afternoon breezes. Thoughtfully updated with fresh interior paint, refreshed landscaping, an updated kitchen, remodeled primary and hall baths, and upgraded irrigation, the home blends comfort with functionality. Enjoy a spacious floor plan, granite finishes, wood-burning fireplace, paid solar, and expansive outdoor living areas ideal for entertaining. The producing vineyard features 1,000+ Syrah and Sangiovese vines with a complete bird/bee netting system, complemented by avocado, citrus, and pomegranate trees. The versatile acreage offers opportunities for horses, livestock, agriculture, or other rural pursuits. Just minutes from Temecula, Fallbrook, Escondido, Oceanside, and major commuter routes, this rare property offers privacy, flexibility, sweeping views, and the best of North San Diego County country living.

Mortgage Calculator

Est. Monthly Payment

$14,379

Principal & Interest$11,666
Property Tax$2,100
Insurance$612
%($420,000)
%
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

0D
Est. Monthly Rent
$4,265

4 leases of 2–4 bed houses in 92003 · $4,084–$4,329

Blended 50/50 with the zip's market median ($4,305)

Monthly Cashflow

Rent − PITIA

-$10,113
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,844

What would make this work?

$12,844/mo short at 20% down; +$16,681/mo rent closes it.

Break-even price

80% under asking

$427,548
Break-even rent

$16,681/mo above the estimate

$20,946/mo
Cashflow at 35% down
−$10,657/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$11,666
Cap Rate
-0.55%
Cash-on-Cash
-36.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.30

NOI (Annual)
-$11,576
Price-to-Rent

Lower = better for investors

41.0

* 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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DCashflow−$12,844/mo