
3911 Alta Vista Drive
Ctop 80%Fallbrook, CA 92028
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 →
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
Location
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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
- Worth finished
- $973K
- Budget to renovate
- $24,000
$488/sqft
$500/sqft × 1,946 sqft
$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
- Cashflow at that rent
- −$4,194/mo
$2.07/sqft × 1,946 sqft, median of 5 comps
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.
Comparable Properties
5 comps foundThis Property
$4,032
Comp Average
$4,044
749 De Luz
3bd / 2ba · 1,932 sqft · Single Family
$720K
Est. $3,991/mo
1256 Olive
3bd / 2.5ba · 1,824 sqft · Single Family
$849K
Est. $4,055/mo
1366 Via Feliz
3bd / 2ba · 1,930 sqft · Single Family
$975K
Est. $4,290/mo
1826 Via Monserate
3bd / 3ba · 2,000 sqft · Single Family
$1.00M
Est. $4,092/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 · $3,834–$4,172
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,184/mo short at 20% down; 84% down or +$5,434/mo rent closes it.
- Break-even price
- $404,214
- Break-even rent
- $9,466/mo
- Cashflow at 35% down
- −$3,196/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$5,434/mo above the estimate
$797,160 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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