971 Ridge Heights
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971 Ridge Heights

Btop 30%

Fallbrook, CA 92028

$699,000
NEW — 1d
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$3,021/mo full cashflow at 20% down, 7.36% rate.

Works at $303,667 (57% under asking), or at 83% down.

Rent $3,456/mo from 11 leases of 1–3 bed houses within 2 mi ($3,489–$3,772).

Beds

2

Baths

2

Sqft

1,600

Year Built

1990

Days on Market

1

Property Type

Single Family

HOA/mo

$340

MLS ID

ND26242047

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

About This Property

Peaceful Resort-Style Living in East Ridge – Fallbrook's Gated 55+ Community! Welcome to East Ridge, a beautiful, gated 55+ community nestled among the rolling hills of Fallbrook, offering peaceful surroundings, breathtaking mountain views, and an exceptional resort-style lifestyle! This charming 2-bedroom, 2-bath home with an additional office and PAID-OFF SOLAR offers comfort, convenience, and energy efficiency. The inviting living room features a cozy fireplace, while the separate office provides flexible space for working from home, hobbies, or a quiet retreat. Enjoy your morning coffee in the peaceful private courtyard, or relax on the covered patio while taking in stunning views of the surrounding mountains, sparkling community pool, tennis courts, expansive green lawns of the community recreation center area. The beautiful open scenery creates a tranquil setting that feels like a private retreat. One of this home's special features is its convenient stairway access directly to the community pool and tennis courts, making it easy to enjoy the neighborhood's recreational amenities just steps from your door. Although the home shares a wall with a neighboring residence, it enjoys a wonderfully quiet and peaceful setting. East Ridge offers an exceptional lifestyle, with scenic walking trails winding throughout the entire gated neighborhood, perfect for morning strolls, exercise, and enjoying Fallbrook's natural beauty. Just across the front driveway, a spacious multi-acre community park provides additional walking paths, dog-walking areas, community gardens, and complimentary RV parking. Residents enjoy an impressive collection of amenities, including a swimming pool, clubhouse, tennis courts, pickleball, bocce ball, putting green, dog park, community gardens, and beautifully maintained greenbelts and recreational areas. Trash service is also included. Additional highlights include fully paid-off solar panels and an included refrigerator, washer, and dryer, providing added value and convenience for the next owner. Discover the beauty of East Ridge, where peaceful mountain views, scenic walking trails, welcoming surroundings, and resort-style amenities create the perfect place to call home!

Mortgage Calculator

Est. Monthly Payment

$5,099

Principal & Interest$3,857
Property Tax$699
Insurance$204
HOA$340
%($139,800)
%
Loan Term

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.

Investment Score

37B
Est. Monthly Rent
$3,456

11 leases of 1–3 bed houses within 2 mi · $3,489–$3,772

Blended 50/50 with the zip's market median ($3,194)

Monthly Cashflow

Rent − PITIA

-$1,644
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,021

What would make this work?

$3,021/mo short at 20% down; 83% down or +$3,923/mo rent closes it.

Break-even price

57% under asking

$303,667
Break-even rent

$3,923/mo above the estimate

$7,379/mo
Cashflow at 35% down
−$2,298/mo
Down payment to break even

$580,170 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,857
Cap Rate
1.73%
Cash-on-Cash
-25.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)
$12,101
Price-to-Rent

Lower = better for investors

16.9

* 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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BCashflow−$3,021/mo