35116 Lemongrass Ln
Btop 30%Fallbrook, CA 92028
Pass at asking: -$2,536/mo full cashflow at 20% down, 7.43% rate.
Works at $289,776 (53% under asking), or at 79% down.
Rent $3,504/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($3,156–$3,458).
Beds
3
Baths
2.5
Sqft
1,480
Year Built
2023
Days on Market
0
Property Type
Condo
HOA/mo
$472
MLS ID
260026503SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Welcome home to Citro, one of Fallbrook's most loved communities, where groves of avocado and citrus trees and wide-open views set the tone for every day. This beautifully kept condo has three bedrooms, a flexible loft and 2.5 bathrooms. There's room to spread out, work from home, set up a media lounge or welcome guests. The home comes with all appliances, so you can move right in. It also has fully paid-off solar: no lease, no monthly payments, just real savings on every utility bill from day one. That's a rare perk that buyers will appreciate long after closing. Step outside and the community feels like a resort. Take a swim in the heated pool all year, host friends at the clubhouse, spend a morning in the community garden, or head out on the hiking trails that wind past Citro's own avocado and citrus grove. Few places let you walk among the orchards that made Fallbrook famous, right outside your front door. You get the calm of country living without giving up convenience. You're just 5 minutes from the freeway, 15 minutes from grocery shopping and 25 minutes from the beach. Spend your weekdays connected and your weekends with your toes in the sand, then come home to fresh air and starry skies. See why so many people are proud to call Fallbrook home.
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Est. Monthly Payment
$4,717
Location
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Comparable Properties
5 comps foundThis Property
$3,504
Comp Average
$3,403
35104 Crop Place
3bd / 2.5ba · 1,471 sqft · Townhouse
$599K
Est. $3,519/mo
35103 Grove Trl
4bd / 2.5ba · 1,480 sqft · Condo
$625K
Est. $3,905/mo
35161 Rangpur Ln
3bd / 2.5ba · 1,283 sqft · Condo
$560K
Est. $3,390/mo
1759 Pala Lake Drive
2bd / 2ba · 1,426 sqft · Condo
$515K
Est. $3,081/mo
2542 Los Cerritos Lane
2bd / 2ba · 1,389 sqft · Condo
$530K
Est. $3,118/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 · $3,156–$3,458
Blended 50/50 with the zip's market median ($3,703)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,536/mo short at 20% down; 79% down or +$3,293/mo rent closes it.
- Break-even price
- $289,776
- Break-even rent
- $6,797/mo
- Cashflow at 35% down
- −$1,890/mo
- Down payment to break even
- 79%
- Rate to break even
- Not reachable
53% under asking
$3,293/mo above the estimate
$489,800 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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