3911 Alta Vista Drive
1 / 20

3911 Alta Vista Drive

Ctop 80%

Fallbrook, CA 92028

$949,000

Pass at asking: -$4,184/mo full cashflow at 20% down, 7.43% rate.

Works at $404,214 (57% under asking), or at 84% down.

Rent $4,032/mo from 16 leases of 3-bed houses in 92028 ($3,834–$4,172).

Beds

3

Baths

3

Sqft

1,946

Year Built

1988

Days on Market

63

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608414

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

Virtual Tour

About This Property

Tucked behind a private gated entrance on one fully fenced acre, this single-level Fallbrook home offers privacy, space and a peaceful setting with no HOA. Featuring 1,946 square feet with three bedrooms and three bathrooms, the home has a spacious, comfortable floor plan with plenty of natural light. The living room features beautiful wood-beamed ceilings and a fireplace, while a second fireplace adds warmth to the family room. The large kitchen offers an abundance of cabinetry and counter space and opens to the surrounding living areas. The primary suite includes a spacious bath with a separate walk-in shower and soaking tub. One of the highlights of the property is the expansive rear deck that extends nearly the entire length of the home, complete with a Jacuzzi and plenty of space for outdoor dining, entertaining or simply relaxing and enjoying the surroundings. The acre of outdoor space features mature landscaping along with avocado, lemon, orange and mango trees, plus rainwater collection and storage containers used for landscape watering. A gated entrance, long private driveway, three-car garage with generous storage and workbench space, plus ample additional parking add to the versatility of the property. Additional features include a newer A/C condenser and water heater, along with an unfinished basement area with separate exterior access and workbench, providing additional space for storage, tools, hobbies or projects. Well maintained and thoughtfully cared for, this is a wonderful opportunity to enjoy single-level living, privacy and a full acre in a beautiful Fallbrook setting.

Mortgage Calculator

Est. Monthly Payment

$6,498

Principal & Interest$5,272
Property Tax$949
Insurance$277
%($189,800)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    La Paloma 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.

Renovation math

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

Asking now
$949K

$488/sqft

Worth finished
$973K

$500/sqft × 1,946 sqft

Budget to renovate
$24,000

$12/sqft to spend

Comparable finished homes nearby suggest this is worth $973K once it's brought to par — about $24,000 above the asking price. That spread is your renovation budget before the deal stops working.

Rent once renovated

Rent at par
$4,020/mo

$2.07/sqft × 1,946 sqft, median of 5 comps

Cashflow at that rent
−$4,194/mo

cap rate 1.62%, DSCR 0.62

Heads up: the rent estimate elsewhere on this page ($4,032/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $4,020/mo as the ceiling.

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 5 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

24C
Est. Monthly Rent
$4,032

16 leases of 3-bed houses in 92028 · $3,834–$4,172

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,466
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,184

What would make this work?

$4,184/mo short at 20% down; 84% down or +$5,434/mo rent closes it.

Break-even price

57% under asking

$404,214
Break-even rent

$5,434/mo above the estimate

$9,466/mo
Cashflow at 35% down
−$3,196/mo
Down payment to break even

$797,160 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,272
Cap Rate
1.63%
Cash-on-Cash
-26.45%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$15,473
Price-to-Rent

Lower = better for investors

19.6

* 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.

Open Full Calculator
CCashflow−$4,184/mo