
35916 Rice Canyon Road
Dbottom 20%Fallbrook, CA 92028
Pass at asking: -$9,285/mo full cashflow at 20% down, 7.43% rate.
Works at $358,974 (77% under asking); even all cash loses money at asking.
Rent $3,581/mo from 16 leases of 3-bed houses in 92028 ($3,407–$3,707).
Beds
3
Baths
2
Sqft
1,536
Year Built
1979
Days on Market
58
Property Type
Single Family
HOA/mo
N/A
MLS ID
PW26198626
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Secluded single-story log-style home featuring a stunning panoramic view. With 20.89 acres of picturesque rolling hills, this mini-ranch offers endless possibilities for enjoying the wonders of nature and for generating different sources of income. Currently, a portion of this mini-ranch is being developed as an exotic fruit farm featuring a number of exotic fruits such as guava, Australian custard apple, Israeli custard apple, banana, orange, peach, jujube, java, sapote, mango, longan, tangerine, berry, berry, rolia, lemon, and sakara flower. The rolling hillsides have great potential to nurture grapevines or avocados for personal enjoyment or additional income streams. The charming log style main house offers a peaceful country atmosphere paired with a beautiful panoramic view. With spacious 3 bedrooms, 2 bathrooms, and a side deck, it offers relaxing space away from city noise and traffic. This house is also currently rented as AirBnB providing another source of income stream.The property also features a detached 2-car garage, an existing mobile home structure included at no assigned value, and boundless space for the potential additional construction of AirBnb tiny homes. Please check with the city for any updated ordinances and/requirements. This huge parcel is also currently home to a number of farm animals, including chickens, peacocks, egg-laying geese, and dogs. Nevertheless, there is plenty of room on these extensive acres for animals like horses, goats, alpacas, and fish.
Mortgage Calculator
Est. Monthly Payment
$10,736
Location
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Zoned Schools
Elementary
Bonsall Elementary · grades K-5 · Bonsall Unified
Middle
Norman L. Sullivan Middle · grades 6-8 · Bonsall Unified
High
Bonsall High · grades 9-12 · Bonsall Unified
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
3 comps foundThis Property
$3,581
Comp Average
$4,038
1366 Via Feliz
3bd / 2ba · 1,930 sqft · Single Family
$975K
Est. $4,290/mo
3911 Alta Vista Drive
3bd / 3ba · 1,946 sqft · Single Family
$949K
Est. $4,032/mo
1221 Palomares Ct.
3bd / 2ba · 1,863 sqft · Single Family
$1.00M
Est. $3,791/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3-bed houses in 92028 · $3,407–$3,707
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$9,285/mo short at 20% down; +$12,059/mo rent closes it.
- Break-even price
- $358,974
- Break-even rent
- $15,640/mo
- Cashflow at 35% down
- −$7,652/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
77% under asking
$12,059/mo above the estimate
Negative even all-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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