5741 Rainbow Heights Road
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$4,026/mo full cashflow at 20% down, 7.43% rate.
Works at $354,857 (60% under asking), or at 86% down.
Rent $3,539/mo from 16 leases of 3-bed houses in 92028 ($3,373–$3,670).
Beds
3
Baths
2
Sqft
1,506
Year Built
1974
Days on Market
82
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2607870
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Welcome to this peaceful paradise just a few minutes from the freeway. Recently remodeled, this home also has a newer roof, paid for solar with a generator, a well, and newer heating and air! 3.09 acres of basically flat land. Horses welcome. This three-bedroom, two-bath VIEW property offers so much more. With the remodel completed, there’s little to do inside, so let the fun begin on this acreage. Currently, the landscape consists of citrus, nut and fruit trees, and as a bonus has been developed as a FLOWER farm for the current owner’s floral business. With an amazing outside office/creative space, the vibes are amazing. Excellent areas for future guest house, corrals, a barn, literally whatever you dream of having. There is no HOA. Not far from 15 freeway as the property is not far up Rainbow Heights Rd. This home ticks all the boxes, hurry to come see it. Animal designator of L very flexible.
Mortgage Calculator
Est. Monthly Payment
$6,019
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 foundThis Property
$3,539
Comp Average
$3,669
4933 Lake Shore Court
3bd / 2ba · 1,535 sqft · Single Family
$685K
Est. $3,506/mo
130 Alva
3bd / 2ba · 1,620 sqft · Single Family
$749K
Est. $3,737/mo
1020 La Solana
3bd / 2ba · 1,400 sqft · Single Family
$699K
Est. $3,365/mo
1840 Davis
3bd / 2ba · 1,466 sqft · Single Family
$800K
Est. $3,848/mo
39339 De Luz Road
3bd / 2ba · 1,623 sqft · Single Family
$850K
Est. $3,890/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3-bed houses in 92028 · $3,373–$3,670
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,026/mo short at 20% down; 86% down or +$5,228/mo rent closes it.
- Break-even price
- $354,857
- Break-even rent
- $8,767/mo
- Cashflow at 35% down
- −$3,110/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
60% under asking
$5,228/mo above the estimate
$755,940 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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