
35281 Persano Place
Atop 10%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: -$2,518/mo full cashflow at 20% down, 7.43% rate.
Works at $361,992 (48% under asking), or at 73% down.
Rent $3,971/mo from 16 leases of 3-bed houses in 92028 ($3,639–$3,960).
Beds
3
Baths
2.5
Sqft
1,753
Year Built
2018
Days on Market
1
Property Type
Single Family
HOA/mo
$277
MLS ID
NDP2609984
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
More space, more privacy, lower maintenance, plus SOLAR! Welcome to one of the largest lots in Chaparral Pointe at Horse Creek Ridge. This beautifully positioned 3-bedroom, 2.5-bath home offers 1,753 square feet of comfortable living space, new flooring, and a desirable corner location for added privacy. Step outside and discover what truly sets this property apart! The exceptionally spacious, low-maintenance backyard is an entertainer's dream, featuring a full outdoor kitchen, plenty of room for dining and gatherings, and your very own fruit orchard with pear, apple, key lime, lime, clementine, grapefruit, lemon, plum, and white peach trees. With added separation from neighboring homes, this rare outdoor setting offers the space and privacy that can be difficult to find in newer communities. Inside, a thoughtfully designed two-story floor plan provides flexibility for everyday living, entertaining, and working from home. Built in 2018, the home offers the appeal of newer construction with fresh interior updates, a two-car garage, and the convenience of a tankless water heater, plus a huge walk in pantry. Life at Horse Creek Ridge extends well beyond your front door. Residents enjoy access to two community pools, the Harvest House clubhouse, barbecue and picnic areas, playgrounds, and scenic walking and hiking trails. Nearby Horse Creek Ridge County Park offers even more opportunities to get outside and enjoy the beautiful Fallbrook surroundings. Conveniently located near Interstate 15 and Highway 76, the community provides access to North County San Diego, Temecula, and Marine Corps Base Camp Pendleton. Whether you're hosting a backyard gathering, enjoying a quiet evening outdoors, or heading out to explore everything North County has to offer, 35281 Persano Place delivers an exceptional combination of space, comfort, convenience, and community. A rare opportunity to enjoy an oversized outdoor living space without the oversized maintenance!
Mortgage Calculator
Est. Monthly Payment
$5,001
Location
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Zoned Schools
Elementary
Live Oak Elementary · 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
$3,971
Comp Average
$3,851
35120 Persano
3bd / 2.5ba · 1,753 sqft · Single Family
$690K
Est. $3,971/mo
253 Paddock Lane
3bd / 2.5ba · 1,985 sqft · Single Family
$730K
Est. $3,978/mo
130 Alva
3bd / 2ba · 1,620 sqft · Single Family
$749K
Est. $3,737/mo

461 Meadowood Street
3bd / 2ba · 1,814 sqft · Single Family
$815K
Est. $3,794/mo
210 Orange Ave
3bd / 2ba · 1,766 sqft · Single Family
$875K
Est. $3,774/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3-bed houses in 92028 · $3,639–$3,960
Blended 50/50 with the zip's market median ($4,136)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,518/mo short at 20% down; 73% down or +$3,270/mo rent closes it.
- Break-even price
- $361,992
- Break-even rent
- $7,241/mo
- Cashflow at 35% down
- −$1,799/mo
- Down payment to break even
- 73%
- Rate to break even
- Not reachable
48% under asking
$3,270/mo above the estimate
$503,627 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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