35116 Lemongrass Ln

35116 Lemongrass Ln

Btop 30%

Fallbrook, CA 92028

$620,000
NEW — 0d

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 →

Virtual Tour

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.

Mortgage Calculator

Est. Monthly Payment

$4,717

Principal & Interest$3,444
Property Tax$620
Insurance$181
HOA$472
%($124,000)
%
Loan Term

Location

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Investment Score

46B
Est. Monthly Rent
$3,504

4 leases of condos & townhomes in 92028, size-adjusted · $3,156–$3,458

Blended 50/50 with the zip's market median ($3,703)

Monthly Cashflow

Rent − PITIA

-$1,213
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,536

What would make this work?

$2,536/mo short at 20% down; 79% down or +$3,293/mo rent closes it.

Break-even price

53% under asking

$289,776
Break-even rent

$3,293/mo above the estimate

$6,797/mo
Cashflow at 35% down
−$1,890/mo
Down payment to break even

$489,800 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,444
Cap Rate
2.10%
Cash-on-Cash
-24.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$13,003
Price-to-Rent

Lower = better for investors

14.7

* 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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BCashflow−$2,536/mo