445 Poets Square
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445 Poets Square

Btop 30%

Fallbrook, CA 92028

$859,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$3,143/mo full cashflow at 20% down, 7.43% rate.

Works at $449,840 (48% under asking), or at 73% down.

Rent $4,688/mo from 10 leases of 3–5 bed houses within 2 mi ($4,044–$4,504).

Beds

4

Baths

3

Sqft

2,414

Year Built

2003

Days on Market

148

Property Type

Single Family

HOA/mo

$155

MLS ID

NDP2605558

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

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About This Property

Homes in this private, gated community don't come on the market often! This home lives like a single story and offers the best flex solutions, with 2 bedrms/2 baths down and 2 bedrms/1 bath and bonus space upstairs. Whether seeking multi-generational living, private work from home options or separated living, such as room mates with varying work schedules, this home has a floor plan you're sure to appreciate! The primary bedroom suite, with separate soaking tub from shower and spacious walk in closet, is located on the main level. A second, generously sized bedroom and 3/4 bath is also on the main level, perfect for guests, a private office, anyone not wishing to navigate the stairs. On the second level, you'll find 2 addl bedrooms and Jack-n-Jill bath, plus loads of bonus space and a great office option. The spacious kitchen boasts granite counters, stainless appliances, gas oven, cozy eat-in breakfast nook and plenty of storage! Soaring ceiling in great room with fireplace and a full wall of windows to view the backyard, adjacent horse pasture and rolling hills. Backyard oasis packs a lot of punch with a private heated spa, deck, outdoor dining, cozy firepit lounge area, garden features and play zones. Solar fully owned. Escape to quiet country living while remaining community close. W/in 1 mile of Fallbrook Towne Centre and Ammunition Rd access to Camp Pendleton. Easy commute to SR 76, I-5, I-15 and all your favorites. Welcome home!

Mortgage Calculator

Est. Monthly Payment

$6,037

Principal & Interest$4,772
Property Tax$859
Insurance$251
HOA$155
%($171,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Live Oak 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

46B
Est. Monthly Rent
$4,688

10 leases of 3–5 bed houses within 2 mi · $4,044–$4,504

Blended 50/50 with the zip's market median ($5,086)

Monthly Cashflow

Rent − PITIA

-$1,349
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,143

What would make this work?

$3,143/mo short at 20% down; 73% down or +$4,082/mo rent closes it.

Break-even price

48% under asking

$449,840
Break-even rent

$4,082/mo above the estimate

$8,770/mo
Cashflow at 35% down
−$2,248/mo
Down payment to break even

$627,070 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,772
Cap Rate
2.60%
Cash-on-Cash
-21.95%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$22,360
Price-to-Rent

Lower = better for investors

15.3

* 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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BCashflow−$3,143/mo