35120 Persano

35120 Persano

Atop 10%

Fallbrook, CA 92028

$689,990

Pass at asking: -$2,509/mo full cashflow at 20% down, 7.49% rate.

Works at $364,656 (47% under asking), or at 73% down.

Rent $4,016/mo from 17 leases of 3-bed houses in 92028 ($3,640–$4,016).

Beds

3

Baths

3

Sqft

1,753

Year Built

2019

Days on Market

—

Property Type

Single Family

HOA/mo

$280

MLS ID

260026098SD

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

About This Property

Welcome to Horse Creek Ridge! Beautifully maintained and freshly painted inside and out, this 3-bedroom, 2.5-bath home offers 1,753 square feet of thoughtfully designed living space on a desirable corner lot with one of the larger backyards in the community. Step inside to discover an inviting open-concept floor plan with a spacious living area, modern kitchen, and plenty of natural light. Upstairs, a versatile loft provides the perfect additional living space, whether you're looking for a playroom, media room, home office, or separate gathering area. The generously sized backyard is a standout feature, offering an expansive combination of artificial turf and paver patios, plus additional side-yard space. With outdoor electrical outlets and plenty of room for entertaining, playing, or simply relaxing, this low-maintenance outdoor retreat is designed to be enjoyed year-round. Recent improvements include fresh interior and exterior paint, added recessed lighting in the bedrooms, a new stainless steel dishwasher, a convenient wall outlet for loft entertainment equipment, and overhead garage storage. Ideally situated near a neighborhood playground, the home enjoys convenient access to the many amenities of Horse Creek Ridge, including multiple community pools, parks, playgrounds, and recreational courts. Easy access to I-15 and Highway 76 makes commuting and exploring North San Diego County a breeze. Move-in ready, beautifully updated, and featuring an exceptionally spacious backyard, this is a wonderful opportunity to enjoy the Horse Creek Ridge lifestyle!

Mortgage Calculator

Est. Monthly Payment

$5,027

Principal & Interest$3,856
Property Tax$690
Insurance$201
HOA$280
%($137,998)
%
Loan Term

Location

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Investment Score

54A
Est. Monthly Rent
$4,016

17 leases of 3-bed houses in 92028 · $3,640–$4,016

Blended 50/50 with the zip's market median ($4,146)

Monthly Cashflow

Rent − PITIA

-$1,011
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,509

What would make this work?

$2,509/mo short at 20% down; 73% down or +$3,259/mo rent closes it.

Break-even price

47% under asking

$364,656
Break-even rent

$3,259/mo above the estimate

$7,275/mo
Cashflow at 35% down
−$1,787/mo
Down payment to break even

$503,693 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,856
Cap Rate
2.69%
Cash-on-Cash
-21.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.80

NOI (Annual)
$18,566
Price-to-Rent

Lower = better for investors

14.3

* Modelled at 20% down, 7.49% 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−$2,509/mo