619 Elm Tree Lane
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$5,469/mo full cashflow at 20% down, 7.36% rate.
Works at $434,212 (62% under asking), or at 89% down.
Rent $4,310/mo from 16 leases of 3-bed houses in 92028 ($4,296–$4,675).
Beds
3
Baths
3
Sqft
2,443
Year Built
1987
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
260027062SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Welcome to this beautifully refreshed Fallbrook home, tucked away on a quiet, private cul-de-sac street just minutes from town and nearby schools! Interior updates include luxury vinyl plank flooring, new carpet and baseboards, fresh paint, updated ceiling lights, two new bathroom vanities, modern kitchen and bath fixtures, and new ceiling fans. Additional windows in the family room bring in natural light. Step outside to your own private backyard retreat, featuring a solar-heated pool and spa, perfect for enjoying sunny Fallbrook days and relaxing evenings. With remodeled pool features and upgraded equipment, this outdoor setting is ideal for entertaining, unwinding, and making the most of Southern California living. Enjoy the new paver patio and upgraded pergola, along with updated fencing, rain gutters, drainage, and irrigation improvements. For those who love gardening and the outdoors, enjoy eight mature, producing avocado trees, raised garden beds, and a tool shed. The spacious lot also offers room to explore the possibility of adding an ADU. Additional features include a newer water heater, smart irrigation timer, and spacious attic storage. With thoughtful updates, inviting outdoor spaces, and room to enjoy the best of Fallbrook living, this home is a wonderful place to call your own!
Mortgage Calculator
Est. Monthly Payment
$7,830
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.
Comparable Properties
5 comps foundThis Property
$4,310
Comp Average
$4,361
514 Live Oak Park
3bd / 2ba · 2,406 sqft · Single Family
$800K
Est. $4,232/mo
2645 Daisy Ln
3bd / 2.5ba · 2,483 sqft · Single Family
$1.10M
Est. $4,412/mo
1474 Via Encinos
3bd / 2.5ba · 2,588 sqft · Single Family
$1.15M
Est. $4,522/mo
3712 Evergreen Ct.
3bd / 2ba · 2,388 sqft · Single Family
$1.13M
Est. $4,284/mo
40789 Rock Mountain
3bd / 2ba · 2,540 sqft · Single Family
$1.40M
Est. $4,354/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3-bed houses in 92028 · $4,296–$4,675
Blended 50/50 with the zip's market median ($4,127)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,469/mo short at 20% down; 89% down or +$7,103/mo rent closes it.
- Break-even price
- $434,212
- Break-even rent
- $11,413/mo
- Cashflow at 35% down
- −$4,280/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$7,103/mo above the estimate
$1,023,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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