
3838 Foxglove
Dbottom 20%Fallbrook, CA 92028
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
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
- Worth finished
- $2.77M
- Already above finished value
- −$172,685
$478/sqft
$450/sqft × 6,145 sqft
$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
- Cashflow at that rent
- −$16,261/mo
$1.34/sqft × 6,145 sqft, median of 4 comps
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.
Comparable Properties
4 comps foundThis Property
$7,199
Comp Average
$6,235
2258 Gird Rd
5bd / 4.5ba · 5,104 sqft · Single Family
$2.20M
Est. $6,781/mo
5148 Minneola Drive
5bd / 4.5ba · 4,357 sqft · Single Family
$1.99M
Est. $5,850/mo
3026 Via Loma
5bd / 5.5ba · 4,315 sqft · Single Family
$2.00M
Est. $5,822/mo
4216 Bridlewood Road
6bd / 7ba · 5,390 sqft · Single Family
$2.40M
Est. $6,488/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
28 leases of houses in 92028, size-adjusted · $6,674–$7,376
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$17,037/mo short at 20% down; +$22,126/mo rent closes it.
- Break-even price
- $721,714
- Break-even rent
- $29,325/mo
- Cashflow at 35% down
- −$13,974/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
75% under asking
$22,126/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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