929 Pepper Tree Ln
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929 Pepper Tree Ln

Ctop 80%

Fallbrook, CA 92028

$999,000
NEW — 1d

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

Principal & Interest$5,512
Property Tax$999
Insurance$291
%($199,800)
%
Loan Term

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.

Investment Score

22C
Est. Monthly Rent
$4,221

8 leases of 3-bed houses within 2 mi · $4,172–$4,468

Blended 50/50 with the zip's market median ($4,127)

Monthly Cashflow

Rent − PITIA

-$2,581
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,384

What would make this work?

$4,384/mo short at 20% down; 84% down or +$5,694/mo rent closes it.

Break-even price

57% under asking

$425,297
Break-even rent

$5,694/mo above the estimate

$9,915/mo
Cashflow at 35% down
−$3,351/mo
Down payment to break even

$839,160 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,512
Cap Rate
1.61%
Cash-on-Cash
-26.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$16,065
Price-to-Rent

Lower = better for investors

19.7

* 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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CCashflow−$4,384/mo