1120 Mission Road #22
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1120 Mission Road #22

Atop 10%

Fallbrook, CA 92028

$249,000

Works at asking: +$443/mo full cashflow at 20% down, 7.43% rate.

Still breaks even up to $306,845 (23% above asking).

Rent $3,060/mo: zip market median for this bed count.

Beds

3

Baths

2

Sqft

1,210

Year Built

2025

Days on Market

77

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

OC26185544

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

About This Property

BRAND-NEW Skyline home in an excellent quiet location on a great lot featuring stainless steel appliances, wood look vinyl plank flooring, central AC and Heat, and upgraded finishes throughout. Enjoy easy, comfortable living in Crestview Hills Estates, one of Fallbrook's most peaceful 55+ communities. Outside, you'll find a full-length carport awning, new concrete driveway and walkways, and a spacious backyard perfect for gardening, entertaining, or relaxing. The front planter box is auto-irrigated for low-maintenance curb appeal. Crestview Hills offers resort-style amenities, including a renovated clubhouse with streaming TV and billiards, a private fitness room, a heated pool, and a Jacuzzi-all designed for an active, social lifestyle. The community hosts regular events, so it's easy to meet neighbors and join in. Just minutes from downtown Fallbrook, the area offers shopping, dining, and local services, with the charm of rolling hills and avocado groves. Temecula, Murrieta, and San Diego are also within easy reach. Enjoy 50% off space rent for the first 12 months! That's a generous $10,500 toward the new buyer's space rent. No HOA fee.

Mortgage Calculator

Est. Monthly Payment

$1,705

Principal & Interest$1,383
Property Tax$249
Insurance$73
%($49,800)
%
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

100A
Est. Monthly Rent
$3,060

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$1,355
Full Cashflow

Incl. vacancy, PM, maint, capex

+$443

What would make this work?

Cashflows +$443/mo at 20% down with every reserve funded.

Break-even price

23% above asking

$306,845
Break-even rent

Estimated rent already clears it

$2,484/mo
Cashflow at 35% down
+$703/mo
Down payment to break even

$2,490 cash

1%
Rate to break even

at 20% down

10.53%

Mortgage (P+I)
$1,383
Cap Rate
9.54%
Cash-on-Cash
10.68%
DSCR
1.79

NOI (Annual)
$23,756
Price-to-Rent

Lower = better for investors

6.8

* 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+$443/mo