860 Magarian Rd
Btop 30%Fallbrook, CA 92028
Pass at asking: -$2,972/mo full cashflow at 20% down, 7.43% rate.
Works at $308,064 (56% under asking), or at 82% down.
Rent $3,073/mo from 9 leases of 3-bed houses within 2 mi ($2,919–$3,131).
Beds
3
Baths
2
Sqft
1,112
Year Built
1960
Days on Market
85
Property Type
Single Family
HOA/mo
N/A
MLS ID
260020185SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Welcome to 860 Magarian Rd in the heart of Fallbrook — a charming single-story home offering comfort, privacy, and convenience on a quiet corner lot. This 3-bedroom, 2-bath residence features approximately 1,112 square feet of living space with timeless original hardwood flooring, dual-pane windows, cherry cabinetry, and updated quartz countertops. The bright, functional layout creates a warm and inviting atmosphere throughout. Step outside to enjoy the spacious backyard, perfect for entertaining, gardening, or simply relaxing in your own private outdoor retreat. A detached shed with electricity provides excellent flexibility for storage, a workshop, or creative space. The attached two-car garage and extended driveway offer ample parking. Ideally located just minutes from the Village of Fallbrook, local dining and shopping, and a short drive to Camp Pendleton, this property combines small-town charm with everyday convenience. With no HOA or Mello-Roos, this home is an exceptional opportunity to enjoy Southern California living at its best.
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Est. Monthly Payment
$4,759
Location
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Zoned Schools
Elementary
La Paloma Elementary · 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
$3,073
Comp Average
$3,275
1734 Adalane Place
3bd / 2ba · 1,346 sqft · Single Family
$695K
Est. $3,390/mo
604 Porter Street
3bd / 2ba · 1,196 sqft · Single Family
$699K
Est. $3,357/mo
1061 Old Stage Road
3bd / 2ba · 1,080 sqft · Single Family
$670K
Est. $3,136/mo
3252 Via Altamira
2bd / 2ba · 1,270 sqft · Single Family
$679K
Est. $3,185/mo
1340 Via Feliz
3bd / 2ba · 1,200 sqft · Single Family
$799K
Est. $3,308/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3-bed houses within 2 mi · $2,919–$3,131
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,972/mo short at 20% down; 82% down or +$3,860/mo rent closes it.
- Break-even price
- $308,064
- Break-even rent
- $6,933/mo
- Cashflow at 35% down
- −$2,248/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$3,860/mo above the estimate
$569,900 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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