5012 Sleeping Indian
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5012 Sleeping Indian

Ctop 80%

Fallbrook, CA 92028

$980,000

Pass at asking: -$4,082/mo full cashflow at 20% down, 7.43% rate.

Works at $448,517 (54% under asking), or at 80% down.

Rent $4,474/mo from 16 leases of 3-bed houses in 92028 ($4,077–$4,436).

Beds

3

Baths

2.5

Sqft

2,200

Year Built

1978

Days on Market

81

Property Type

Single Family

HOA/mo

N/A

MLS ID

ND26183507

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

About This Property

Fallbrook charm, beautiful views, mature fruit trees, solar and a private pool create a truly special Southern California lifestyle. Located in a serene setting with refreshing afternoon breezes and the charm of rural living, this home captures so much of what buyers love about Fallbrook—space, tranquility, character, and an easy connection to the outdoors. NEW LVP flooring in living room, bedrooms and officeThis single-story home features 3 bedrooms plus an office, 2.5 bathrooms and offers character and warmth with high ceilings, a fireplace, built-ins, and an updated kitchen. The primary suite provides everyday convenience, while the home's thoughtful layout offers comfortable spaces for both relaxing and entertaining.The outdoor spaces are where this property truly comes to life. Enjoy your coffee while taking in the amazing views from the deck, relax in the pool and spa, and harvest fresh fruit from the mature fruit trees. Whether you're hosting friends, enjoying a quiet afternoon by the pool, or simply soaking in the peaceful surroundings, the property offers the kind of indoor-outdoor living that makes Fallbrook so desirable. Potential RV parking and additional storage add even more flexibility.This home even comes with 19 SOLAR panels.Conveniently located near the best of Fallbrook and Bonsall, with access to local restaurants, shopping, schools, parks, wineries, and the surrounding North County lifestyle.**If you've been searching for a Fallbrook home with a pool, views, fruit trees, and room to enjoy the Southern California lifestyle, this is one to see.**

Mortgage Calculator

Est. Monthly Payment

$6,710

Principal & Interest$5,444
Property Tax$980
Insurance$286
%($196,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Fallbrook STEM Academy · 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

29C
Est. Monthly Rent
$4,474

16 leases of 3-bed houses in 92028 · $4,077–$4,436

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,236
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,082

What would make this work?

$4,082/mo short at 20% down; 80% down or +$5,301/mo rent closes it.

Break-even price

54% under asking

$448,517
Break-even rent

$5,301/mo above the estimate

$9,775/mo
Cashflow at 35% down
−$3,061/mo
Down payment to break even

$784,000 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,444
Cap Rate
1.94%
Cash-on-Cash
-24.99%
DSCR

Need ≥ 1.25 for DSCR loan

0.67

NOI (Annual)
$19,032
Price-to-Rent

Lower = better for investors

18.3

* 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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CCashflow−$4,082/mo