35281 Persano Place
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35281 Persano Place

Atop 10%

Fallbrook, CA 92028

$689,900
NEW — 1d
STR: check · HOA rules unknown · TOT 8%

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 →

Virtual Tour

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

Principal & Interest$3,833
Property Tax$690
Insurance$201
HOA$277
%($137,980)
%
Loan Term

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.

Investment Score

53A
Est. Monthly Rent
$3,971

16 leases of 3-bed houses in 92028 · $3,639–$3,960

Blended 50/50 with the zip's market median ($4,136)

Monthly Cashflow

Rent − PITIA

-$1,030
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,518

What would make this work?

$2,518/mo short at 20% down; 73% down or +$3,270/mo rent closes it.

Break-even price

48% under asking

$361,992
Break-even rent

$3,270/mo above the estimate

$7,241/mo
Cashflow at 35% down
−$1,799/mo
Down payment to break even

$503,627 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,833
Cap Rate
2.63%
Cash-on-Cash
-21.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.79

NOI (Annual)
$18,161
Price-to-Rent

Lower = better for investors

14.5

* 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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ACashflow−$2,518/mo