With ever growing demand for higher capacity in data transmission, a solution has been proposed for analog Radio over Fiber transmission, combining several data channels over the optical carrier in the access network using Sub-Carrier Multiplexing (SCM). Furthermore, this access network is often branched in the form of a passive optical network (PON). Monitoring such fiber links is thus increasingly important. Current optical time domain reflectometry (OTDR) technology used for monitoring operates at a separate optical wavelength and has wide bandwidth detection, making it relatively costly. The pursuit of a low cost, high precision monitoring alternative is of paramount importance for cost effective quality of service (QoS) improvement. In this work employment of SCM for data multiplexing is exploited embedding a low frequency tone sweep monitoring technique into data transmission. A mathematical model for the frequency response of the link was derived and the fault location and intensity is estimated through comparison with acquired amplitude and phase of the backscattered light for the varying frequency by applying a simple least mean squared (LMS) algorithm. The modeling suggested requires that measurement of the link prior to the occurrence of a fault is known. A single new fault can then be accurately detected and its position and intensity estimated in the way described.