1551 Rice Canyon RdFallbrookCA92028
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.84% gross rental yield, 1551 Rice Canyon Rd, Fallbrook, CA, 92028 in Fallbrook is priced for capital growth, not immediate cash flow. The $649,999 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $179,583 by year five, with $5,987/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.08) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $191,195.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.3% |
| Monthly Cash Flow | $(859) | $450 |
City averages based on Fallbrook market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,162 |
| Total Monthly Debt Service | $3,762 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1933
3.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92028, Fallbrook, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,960 (100%) |
| Owner Occupied HU | 13,007 (68.6%) |
| Renter Occupied HU | 4,967 (26.2%) |
| Vacant Housing Units | 986 ( 5.2%) |
| Median Home Value | $873,069 |
| Average Home Value | $950,504 |
Housing Distribution
Address Breakdown
Residential
18,715
Single Family
16,522
Multi-Family
2,193
Businesses
798
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1933
3.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92028, Fallbrook, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,960 (100%) |
| Owner Occupied HU | 13,007 (68.6%) |
| Renter Occupied HU | 4,967 (26.2%) |
| Vacant Housing Units | 986 ( 5.2%) |
| Median Home Value | $873,069 |
| Average Home Value | $950,504 |
Housing Distribution
Address Breakdown
Residential
18,715
Single Family
16,522
Multi-Family
2,193
Businesses
798
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Wedmore • eXp Realty of Greater Los Angeles, Inc.
Mls Name: SDMLS
Mls Provider:
Mls ID: #SDC0000907
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