3838 Foxglove
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3838 Foxglove

Dbottom 20%

Fallbrook, CA 92028

$2,940,000

Pass at asking: -$17,037/mo full cashflow at 20% down, 7.43% rate.

Works at $721,714 (75% under asking); even all cash loses money at asking.

Rent $7,199/mo from 28 leases of houses in 92028, size-adjusted ($6,674–$7,376).

Beds

6

Baths

6.5

Sqft

6,145

Year Built

1980

Days on Market

50

Property Type

Single Family

HOA/mo

N/A

MLS ID

NP26149044

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

About This Property

Rare opportunity to own 14 acres across two legal parcels in the rolling hills of Fallbrook, offering endless possibilities for multigenerational living, investment, or future development. Set atop a scenic hillside with breathtaking panoramic sunrise, sunset, mountain, and city light views, this custom Spanish Hacienda combines timeless character with exceptional flexibility.The main residence features classic Spanish architecture with beautiful tile flooring, granite countertops, Cherry Alder cabinetry, and a spacious central courtyard designed for entertaining or enjoying Fallbrook's peaceful surroundings. The detached garage was engineered to support a future second-story addition, while the owned solar system helps offset energy costs.Beyond the main home, the property includes a finished ADU, an additional unfinished ADU ready for your vision, a large 20' x 30' storage building, and productive agricultural acreage with mature avocado trees. A farmer currently maintains the grove and may continue with the property, providing a seamless transition for the next owner.The property is grandfathered to allow an additional residence, creating even more opportunity for expanded living, rental income, or future estate planning. Whether you're looking to create a private family compound, explore development potential, or simply enjoy over 14 acres of privacy and incredible views, this one-of-a-kind Fallbrook estate offers an opportunity that's increasingly hard to find.

Mortgage Calculator

Est. Monthly Payment

$20,130

Principal & Interest$16,333
Property Tax$2,940
Insurance$857
%($588,000)
%
Loan Term

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.

Renovation math

Flagged Light Value-Add from the listing remarks — “unfinished”.

Asking now
$2.94M

$478/sqft

Worth finished
$2.77M

$450/sqft × 6,145 sqft

Already above finished value
−$172,685

$28/sqft over

Comparable finished homes nearby suggest this is worth about $2.77M — below the asking price. A renovation here has to be funded out of the purchase, not the spread.

Rent once renovated

Rent at par
$8,207/mo

$1.34/sqft × 6,145 sqft, median of 4 comps

Cashflow at that rent
−$16,261/mo

cap rate 0.20%, DSCR 0.41

Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.

Based on 4 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.

Investment Score

0D
Est. Monthly Rent
$7,199

28 leases of houses in 92028, size-adjusted · $6,674–$7,376

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$12,931
Full Cashflow

Incl. vacancy, PM, maint, capex

-$17,037

What would make this work?

$17,037/mo short at 20% down; +$22,126/mo rent closes it.

Break-even price

75% under asking

$721,714
Break-even rent

$22,126/mo above the estimate

$29,325/mo
Cashflow at 35% down
−$13,974/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$16,333
Cap Rate
-0.14%
Cash-on-Cash
-34.77%
DSCR

Need ≥ 1.25 for DSCR loan

0.36

NOI (Annual)
-$4,126
Price-to-Rent

Lower = better for investors

34.0

* 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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DCashflow−$17,037/mo