
971 Ridge Heights
Btop 30%Fallbrook, CA 92028
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
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
$3,456
Comp Average
$3,721
130 Alva
3bd / 2ba · 1,620 sqft · Single Family
$749K
Est. $3,787/mo
157 Mercedes Road
3bd / 2ba · 1,620 sqft · Single Family
$775K
Est. $3,939/mo
4933 Lake Shore Court
3bd / 2ba · 1,535 sqft · Single Family
$685K
Est. $3,506/mo
39339 De Luz Road
3bd / 2ba · 1,623 sqft · Single Family
$850K
Est. $3,894/mo
1066 Ridge Heights Drive
2bd / 2ba · 1,839 sqft · Single Family
$725K
Est. $3,479/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,021/mo short at 20% down; 83% down or +$3,923/mo rent closes it.
- Break-even price
- $303,667
- Break-even rent
- $7,379/mo
- Cashflow at 35% down
- −$2,298/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
57% under asking
$3,923/mo above the estimate
$580,170 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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