6036 Rainbow Heights Road

6036 Rainbow Heights Road

Dbottom 20%

Fallbrook, CA 92028

$3,999,000

Pass at asking: -$27,211/mo full cashflow at 20% down, 7.36% rate.

Works at $438,371 (89% under asking); even all cash loses money at asking.

Rent $4,351/mo from 4 leases of 4-bed houses in 92028 ($3,998–$4,908).

Beds

4

Baths

3

Sqft

2,568

Year Built

1970

Days on Market

170

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605061

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

About This Property

Welcome to Rosa Sattoria, a beautiful Oasis located here in Southern California. This one of a kind 55-acre property inlcudes a residence, approx 30 acres of avocados & even has its own private 2 acre lake. The secluded park-like property includes a two-story private residence with separate maids/guest quarters, &  several garages. The lush grounds offer private picnic areas with guest bathrooms and outdoor showers nearby. Get ready for a summer to remember aside the nearly 16ft deep lake! Jet skis, rope swings and a jumping platform provide fun for all ages. The lake is contiguous on the south end to a park-like setting with granite picnic tables and stream-like water features. This property has multiple scenic walking trails, with waterfall features and paved access roads throughout. It also has 3 water meters and 1 operational well on site. Potential space for Horses or Horse facilities could easily be set up. Electric meter, with heavy duty power sources and 220 Volt hookups are located around the property. Several portions of the property have ocean views, which could offer additional development. The property boasts an arboretum with labeled species, genus, and origin, multiple variety of palm trees, in addition to macadamia nut, oranges, lemons, pear, and grapefruit trees. The property is already fenced and there are thousands of feet of paved pathways and trails. Only 8 minutes to the freeway and 35 minutes to the coast! This unique property is truly a once in a lifetime opportunity to own such a special piece of Real Estate! *All figures in this description are approx.

Mortgage Calculator

Est. Monthly Payment

$27,229

Principal & Interest$22,063
Property Tax$3,999
Insurance$1,166
%($799,800)
%
Loan Term

Location

Loading map...

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.

Investment Score

0D
Est. Monthly Rent
$4,351

4 leases of 4-bed houses in 92028 · $3,998–$4,908

Monthly Cashflow

Rent − PITIA

-$22,877
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,211

What would make this work?

$27,211/mo short at 20% down; +$35,338/mo rent closes it.

Break-even price

89% under asking

$438,371
Break-even rent

$35,338/mo above the estimate

$39,689/mo
Cashflow at 35% down
−$23,074/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$22,063
Cap Rate
-1.48%
Cash-on-Cash
-40.83%
DSCR

Need ≥ 1.25 for DSCR loan

0.16

NOI (Annual)
-$59,156
Price-to-Rent

Lower = better for investors

76.6

* Modelled at 20% down, 7.36% 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.

Open Full Calculator
DCashflow−$27,211/mo