1120 Mission Rd #65
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1120 Mission Rd #65

Atop 10%

Fallbrook, CA 92028

$254,000

Pass at asking: -$120/mo full cashflow at 20% down, 7.43% rate.

Works at $238,286 (6% under asking), or at 27% down.

Rent $2,377/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,536

Year Built

1969

Days on Market

89

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2607651

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

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About This Property

Move-In Ready! This beautifully updated, spacious 2-bedroom, 2-bath manufactured home offers approximately 1,536 sq. ft. of comfortable living. Upgrades include new drywall, windows, blinds, interior and closet doors, cabinetry, baseboards, light fixtures, appliances, washer and dryer, updated bathrooms, fresh interior and exterior paint, vinyl fencing, and landscaping. Enjoy a generous floor plan, covered carport, and exterior storage shed. Community amenities include a pool, spa, clubhouse, dog park, and BBQ area—all conveniently located near town, shopping, and everyday essentials. With the work already completed, all that’s left to do is move in and enjoy!

Mortgage Calculator

Est. Monthly Payment

$1,739

Principal & Interest$1,411
Property Tax$254
Insurance$74
%($50,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Fallbrook STEM Academy · 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

91A
Est. Monthly Rent
$2,377

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$638
Full Cashflow

Incl. vacancy, PM, maint, capex

-$120

What would make this work?

$120/mo short at 20% down; 27% down or +$156/mo rent closes it.

Break-even price

6% under asking

$238,286
Break-even rent

$156/mo above the estimate

$2,533/mo
Cashflow at 35% down
+$144/mo
Down payment to break even

$68,580 cash

27%
Rate to break even

at 20% down

6.55%

Mortgage (P+I)
$1,411
Cap Rate
6.66%
Cash-on-Cash
-2.85%
DSCR
1.37

NOI (Annual)
$16,914
Price-to-Rent

Lower = better for investors

8.9

* 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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ACashflow−$120/mo