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5461 Rainbow Creek

Atop 10%

Fallbrook, CA 92028

$799,000

STR-eligible · unincorporated county · TOT 8%

Pass at asking: -$2,700/mo full cashflow at 20% down, 7.43% rate.

Works at $447,429 (44% under asking), or at 69% down.

Rent $4,463/mo from 4 leases of 4-bed houses in 92028 ($3,528–$4,332).

Beds

Baths

Sqft

2,000

Year Built

1950

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

260018939SD

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

Virtual Tour

About This Property

A Rare flat 3-acre property minutes from the I-15 Corridor: This unique property offers exceptional flexibility. Ideally located, it provides convenient access while maintaining privacy and space for all your recreational toys or work vehicles. The property is zoned residential; the residence was used as an office and could be converted back to residential use. Seeing is believing call for information.

Mortgage Calculator

Est. Monthly Payment

$5,471

Principal & Interest$4,439

Property Tax$799

Insurance$233

Down Payment

%($159,800)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Vallecitos Elementary · grades K-8 · Vallecitos Elementary
Middle
Vallecitos Elementary · grades K-8 · Vallecitos 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 found

This Property

$4,463

Comp Average

$4,126

131 Brandon Road

4bd / 2ba · 1,753 sqft · Single Family

$650K

Est. $3,675/mo

1611 Hillcrest

4bd / 3ba · 1,970 sqft · Single Family

$849K

Est. $4,606/mo

2829 Golfview Drive

4bd / 3ba · 2,205 sqft · Single Family

$799K

Est. $4,143/mo

472 Kalmia Street

4bd / 2ba · 2,074 sqft · Single Family

$799K

Est. $4,124/mo

1631 Ranchwood Lane

4bd / 3ba · 2,040 sqft · Single Family

$940K

Est. $4,084/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

55A

Est. Monthly Rent

$4,463

4 leases of 4-bed houses in 92028 · $3,528–$4,332

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

Monthly Cashflow

Rent − PITIA

-$1,008

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,700

What would make this work?

$2,700/mo short at 20% down; 69% down or +$3,507/mo rent closes it.

Break-even price: $447,429
Break-even rent: $7,970/mo
Cashflow at 35% down: −$1,868/mo
Down payment to break even: 69%
Rate to break even: Not reachable

Mortgage (P+I)

$4,439

Cap Rate

2.95%

Cash-on-Cash

-20.28%

DSCR

Need ≥ 1.25 for DSCR loan

0.82

NOI (Annual)

$23,542

Price-to-Rent

Lower = better for investors

14.9

* 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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ACashflow−$2,700/mo