
40340 Sandia Creek Dr
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$7,119/mo full cashflow at 20% down, 7.36% rate.
Works at $493,494 (65% under asking), or at 93% down.
Rent $4,898/mo from 4 leases of 4-bed houses in 92028 ($4,313–$5,295).
Beds
4
Baths
4
Sqft
2,988
Year Built
1991
Days on Market
386
Property Type
Single Family
HOA/mo
N/A
MLS ID
SW25244355
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Welcome to 40340 Sandia Creek Drive, a timeless Victorian-style estate tucked within the prestigious DeLuz community, where Fallbrook's lush countryside meets Temecula's Deluz-country charm. Resting on 6.5 private, usable acres, this residence blends classic architecture, modern updates, and breathtaking mountain views. A long tree-lined driveway leads to the storybook facade--complete with a wraparound screened porch, vaulted peaks, and a brick chimney rising above manicured landscaping and white fencing. Step inside to find crown molding, tall ceilings, and a grand staircase with a whimsical Harry Potter closet beneath. Formal living and dining rooms glow under sparkling chandeliers, while expansive windows fill the home with natural light. The chef's kitchen impresses with white cabinetry, new appliances, a prep sink, and a breakfast nook overlooking rolling hills. Two inviting living areas feature brick fireplaces, ceiling fans, and open flow for effortless entertaining. Downstairs also hosts a guest suite with ensuite bath for ultimate convenience. Upstairs, the primary retreat offers panoramic views, dual vanities, a walk-in closet, and a spacious layout that radiates tranquility. Two additional bedrooms share a Jack-and-Jill bath, while a fourth bedroom offers versatility for guests, office, or studio. Above the three-car garage, discover a 510 sq ft guest apartment--complete with full bath, sink, microwave, ceiling fans, and a private view deck--perfect for extended family, guests, or an independent workspace. Outdoors, enjoy peaceful mornings or golden-hour gatherings from the screened wraparound porch, brick patio, or outdoor kitchen with grill, fridge, prep sink, and Alumawood cover. Beyond the immediate yard lies expansive, usable land--a rare find in DeLuz. Ideal for future development, the property offers flat and gently sloped areas perfect for a guest house, RV garage, sport court, pool, vineyard, or hobby farm. The land also features graded walking trails and a variety of fruit trees--apple, pear, plum, lemon, orange, and kumquat--adding to its serene countryside charm. With owned solar, ample parking, and proximity to Old Town Temecula, wineries, and freeway access, this property delivers the perfect blend of privacy, elegance, and convenience. 40340 Sandia Creek Drive captures the essence of Southern California living--timeless, tranquil, and truly extraordinary.
Mortgage Calculator
Est. Monthly Payment
$9,703
Location
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Zoned Schools
Elementary
William H. Frazier 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.
Comparable Properties
5 comps foundThis Property
$4,898
Comp Average
$4,929
3830 Lake Garden Drive
4bd / 3.5ba · 2,900 sqft · Single Family
$1.15M
Est. $4,863/mo
2890 Vista Del Rio
4bd / 3ba · 2,949 sqft · Single Family
$1.20M
Est. $4,882/mo
3144 Alta Verde Dr.
4bd / 4.5ba · 3,022 sqft · Single Family
$1.26M
Est. $4,911/mo

2043 Vista Valle Verde Drive
4bd / 2.5ba · 2,994 sqft · Single Family
$1.35M
Est. $4,900/mo
3336 Old Post Road
4bd / 3ba · 2,828 sqft · Single Family
$1.40M
Est. $5,088/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of 4-bed houses in 92028 · $4,313–$5,295
Blended 50/50 with the zip's market median ($5,102)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,119/mo short at 20% down; 93% down or +$9,246/mo rent closes it.
- Break-even price
- $493,494
- Break-even rent
- $14,144/mo
- Cashflow at 35% down
- −$5,645/mo
- Down payment to break even
- 93%
- Rate to break even
- Not reachable
65% under asking
$9,246/mo above the estimate
$1,325,250 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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