609 Elbrook Drive
About This Property
Welcome to this cozy, 1,242 sq. ft. single-story 3-bedroom, 3-bath home nestled in the heart of beautiful Fallbrook. This family-friendly property is an ideal starter home or a wonderful opportunity for a multigenerational family. Featuring an open kitchen, a spacious family room, and generously sized bedrooms. It home offers a comfortable and welcoming atmosphere for everyday living. The backyard is perfect for kids to play or to build your dream pool, offering plenty of space for outdoor activities and gatherings. A standout feature is the converted 2-car garage, now a fully-equipped Junior Accessory Dwelling Unit (JADU) with its own kitchen, bathroom, and private entrance-ideal for rental income or extended family. Home has low lease payment for Solar that buyer will need to take over.
Located in a great school district, this home provides convenience and opportunity in one of Fallbrook's most desirable neighborhoods. Whether you're looking to settle down or seeking a property with rental potential, this home offers it all!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Listed by KW Temecula | $660,000 | |
| Listed by KW Temecula | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017