
980 Cookie Lane
Ctop 80%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: -$3,687/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 →
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
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
$4,616
Comp Average
$4,614
613 Carnation Lane
4bd / 3ba · 2,515 sqft · Single Family
$840K
Est. $4,741/mo
3950 Hellers Bend
4bd / 3ba · 2,497 sqft · Single Family
$850K
Est. $4,751/mo
5014 Lake Circle Road
4bd / 2.5ba · 2,462 sqft · Single Family
$785K
Est. $4,331/mo
445 Poets Square
4bd / 3ba · 2,414 sqft · Single Family
$859K
Est. $4,688/mo
3533 Sarah Ann Dr.
4bd / 2.5ba · 2,638 sqft · Single Family
$969K
Est. $4,557/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
14 leases of houses within 2 mi, size-adjusted · $4,387–$4,730
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,687/mo short at 20% down; 79% down or +$4,788/mo rent closes it.
- Break-even price
- $419,871
- Break-even rent
- $9,404/mo
- Cashflow at 35% down
- −$2,749/mo
- Down payment to break even
- 79%
- Rate to break even
- Not reachable
53% under asking
$4,788/mo above the estimate
$710,921 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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