
929 Pepper Tree Ln
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$4,384/mo full cashflow at 20% down, 7.36% rate.
Works at $425,297 (57% under asking), or at 84% down.
Rent $4,221/mo from 8 leases of 3-bed houses within 2 mi ($4,172–$4,468).
Beds
3
Baths
2
Sqft
2,280
Year Built
1978
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026832SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Tucked behind mature pepper trees on a Fallbrook lane with no through traffic, this single-story home has the kind of backyard you’ll want to spend the whole afternoon in. Take a dip in the private saltwater pool, pick a lemon or blood orange from your own trees, and linger over dinner on the patio. Set on approximately 0.65 acres, the home offers 3 bedrooms, 2 bathrooms, and approximately 2,280 sq ft of living space. Inside, you’ll find a remodeled kitchen, updated flooring, and a living room fireplace with a glass insert. The primary suite features two closets and dual sinks. The pool was converted to saltwater in 2025 with a new pump. Additional features include low-maintenance landscaping, a detached shed with electricity, driveway RV parking, an attached two-car garage with a 220V outlet for EV charging, solar, and no HOA.
Mortgage Calculator
Est. Monthly Payment
$6,802
Location
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Zoned Schools
Elementary
Live Oak 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
$4,221
Comp Average
$4,305

514 Live Oak Park
3bd / 2ba · 2,406 sqft · Single Family
$825K
Est. $4,232/mo
915 Cookie
3bd / 2.5ba · 2,275 sqft · Single Family
$850K
Est. $4,460/mo
5012 Sleeping Indian
3bd / 2.5ba · 2,200 sqft · Single Family
$980K
Est. $4,474/mo

3001 Lakemont Drive
3bd / 3ba · 2,318 sqft · Single Family
$949K
Est. $4,075/mo

4880 San Jacinto Circle East
3bd / 2.5ba · 2,276 sqft · Single Family
$1.20M
Est. $4,286/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 3-bed houses within 2 mi · $4,172–$4,468
Blended 50/50 with the zip's market median ($4,127)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,384/mo short at 20% down; 84% down or +$5,694/mo rent closes it.
- Break-even price
- $425,297
- Break-even rent
- $9,915/mo
- Cashflow at 35% down
- −$3,351/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$5,694/mo above the estimate
$839,160 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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