40461 Rock Mountain
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40461 Rock Mountain

Ctop 80%

Fallbrook, CA 92028

$1,225,000

Pass at asking: -$4,450/mo full cashflow at 20% down, 7.43% rate.

Works at $645,580 (47% under asking), or at 73% down.

Rent $6,439/mo from 6 leases of 4–6 bed houses in 92028 ($5,499–$6,155).

Beds

5

Baths

6.5

Sqft

4,532

Year Built

1984

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

ND26210247

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

Virtual Tour

About This Property

Gorgeous Private Multi Generation Home - Paid Off Solar! 4,532 sq. ft. of flexible living space on 1.14 acres. The main residence features 5 bedrooms, 6.5 bathrooms, 2 full kitchens, multiple living areas, 3 laundry locations, an oversized 3-car garage, massive workshop and an office/potential 6th bedroom with a closet behind the garage. Ideal for multigenerational living, extended family, guests, work-from-home needs or potential rental income. One of the home's most unique features is how easily it can function as one large residence or two separate living spaces. Upstairs are 4 bedrooms and 4 bathrooms, plus a kitchen and living area, while downstairs features the primary suite, main kitchen, family room, breakfast area and additional living spaces. An existing interior locking door is all that separates an approximately 1,000 sq. ft private living area with 2 bedrooms, 2 bathrooms, full kitchen, living room, balcony and two separate entry points. Simply lock the connecting door for a private ADU-style living arrangement, or unlock it and the space flows seamlessly back into the main residence. An incredibly easy and versatile setup for extended family, adult children, guests or potential rental use. The downstairs primary suite features a large walk-in closet, private deck with beautiful views, separate his-and-hers toilet areas and an outdoor-inspired shower surrounded by natural rock and greenery. The main kitchen opens to the family room and breakfast area and includes two pantries. French doors open to outdoor living areas and views. A formal dining area, sitting/living room and guest half bath complete the main living areas. Behind the garage, the large woodworking workshop offers multiple private access points. An additional room with a small closet is currently used as an office but offers potential as a 6th bedroom, studio, gym or hobby room (see virtual photo). This spacious home has dual AC systems, newer roof and oversized garage. Large separate storage room, multiple laundry areas including a large inside laundry room with sink, has an additional shower and toilet with direct access to the patios and workshop area! Views, and private yard offers avocado, citrus, pomegranate, persimmon, loquat, peach and macadamia trees, plus irrigated raised garden beds. Enjoy peaceful Fallbrook living, with minutes to local winery, Rock Mountain and Santa Margarita River trails, 10 minutes to down town Fallbrook!

Mortgage Calculator

Est. Monthly Payment

$8,388

Principal & Interest$6,805
Property Tax$1,225
Insurance$357
%($245,000)
%
Loan Term

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.

Investment Score

34C
Est. Monthly Rent
$6,439

6 leases of 4–6 bed houses in 92028 · $5,499–$6,155

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,948
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,450

What would make this work?

$4,450/mo short at 20% down; 73% down or +$5,779/mo rent closes it.

Break-even price

47% under asking

$645,580
Break-even rent

$5,779/mo above the estimate

$12,218/mo
Cashflow at 35% down
−$3,174/mo
Down payment to break even

$894,250 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,805
Cap Rate
2.62%
Cash-on-Cash
-21.80%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$32,126
Price-to-Rent

Lower = better for investors

15.9

* 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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CCashflow−$4,450/mo