
40461 Rock Mountain
Ctop 80%Fallbrook, CA 92028
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 →
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
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
$6,439
Comp Average
$6,096
1745 Dorothea Avenue
5bd / 5ba · 5,151 sqft · Single Family
$1.20M
Est. $6,282/mo
3006 Skycrest Drive
4bd / 3.5ba · 4,854 sqft · Single Family
$1.45M
Est. $5,982/mo
4709 Briana Court
5bd / 5.5ba · 4,225 sqft · Single Family
$1.95M
Est. $6,883/mo
3642 Alta Vista Drive
4bd / 3ba · 4,583 sqft · Single Family
$1.80M
Est. $5,951/mo

4462 Fallsbrae Rd
4bd / 4ba · 3,930 sqft · Single Family
$1.60M
Est. $5,382/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
6 leases of 4–6 bed houses in 92028 · $5,499–$6,155
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,450/mo short at 20% down; 73% down or +$5,779/mo rent closes it.
- Break-even price
- $645,580
- Break-even rent
- $12,218/mo
- Cashflow at 35% down
- −$3,174/mo
- Down payment to break even
- 73%
- Rate to break even
- Not reachable
47% under asking
$5,779/mo above the estimate
$894,250 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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