980 Cookie Lane
1 / 20

980 Cookie Lane

Ctop 80%

Fallbrook, CA 92028

$899,900
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: -$3,687/mo full cashflow at 20% down, 7.43% rate.

Works at $419,871 (53% under asking), or at 79% down.

Rent $4,616/mo from 14 leases of houses within 2 mi, size-adjusted ($4,387–$4,730).

Beds

5

Baths

3

Sqft

2,544

Year Built

1992

Days on Market

48

Property Type

Single Family

HOA/mo

$330

MLS ID

NDP2608913

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

Virtual Tour

About This Property

Opportunity awaits in the Village Crest of Fallbrook community! Situated across from a neighborhood park, this spacious 5 bedroom, 3 bathroom home offers approximately 2,544 square feet of living space on a generous 0.36 acre lot. The two story floor plan features a dramatic entry with vaulted ceilings, abundant natural light, a spacious living room, dining area, and large kitchen with ample cabinetry and center island. The primary suite offers a private retreat with vaulted ceilings, generous closet space, and access to an outdoor balcony overlooking the surrounding neighborhood. Additional bedrooms provide plenty of space for guests, an office, or flexible living arrangements. The home also features owned solar for added energy efficiency. While the interior is ready for updating, the size, floor plan, lot, and location provide an excellent opportunity to remodel and create a home that reflects your own style. Located within the Village Crest of Fallbrook community and directly across from a neighborhood park, this is a chance to bring your vision to an established Fallbrook neighborhood.

Mortgage Calculator

Est. Monthly Payment

$6,492

Principal & Interest$4,999
Property Tax$900
Insurance$262
HOA$330
%($179,980)
%
Loan Term

Location

Loading map...

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

34C
Est. Monthly Rent
$4,616

14 leases of houses within 2 mi, size-adjusted · $4,387–$4,730

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,875
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,687

What would make this work?

$3,687/mo short at 20% down; 79% down or +$4,788/mo rent closes it.

Break-even price

53% under asking

$419,871
Break-even rent

$4,788/mo above the estimate

$9,404/mo
Cashflow at 35% down
−$2,749/mo
Down payment to break even

$710,921 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,999
Cap Rate
2.06%
Cash-on-Cash
-24.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.71

NOI (Annual)
$18,520
Price-to-Rent

Lower = better for investors

16.2

* 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.

Open Full Calculator
CCashflow−$3,687/mo