
1843 Canyon Heights Road
Btop 30%Fallbrook, CA 92028
Pass at asking: -$2,586/mo full cashflow at 20% down, 7.43% rate.
Works at $238,286 (59% under asking), or at 85% down.
Rent $2,377/mo: zip market median for this bed count.
Beds
2
Baths
2
Sqft
850
Year Built
1980
Days on Market
82
Property Type
Manufactured
HOA/mo
N/A
MLS ID
NDP2607875
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
A picture-perfect 2-bedroom, 2-bath mobile home on 2.75 usable acres, offering an incredible opportunity to create your dream property. Tastefully remodeled and move-in ready, this property is an ideal place to live comfortably while you plan and build your future dream home. The home features new interior and exterior paint, new flooring, new appliances, updated fixtures, and dual-pane windows, along with a solid composition shingle roof. The property is equipped with water, power, and a septic pump-chamber system designed to accommodate up to a 4-bedroom home. Enjoy dual access from paved roads, nearby fire hydrants, and a mostly fenced, highly usable parcel with tremendous panoramic views. An approximately 10’ x 8’ storage shed provides additional storage space. Ideally located just minutes from the I-15 freeway, downtown Fallbrook, downtown Temecula, Temecula wine country, casinos, and the Southern California coast. Enjoy the privacy and space of country living while remaining close to shopping, dining, entertainment, wineries, and the beach. A rare opportunity to get a head start on creating your own private homestead, ranch, or dream estate—with a move-in-ready home already in place. No HOA no CC&RS
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Est. Monthly Payment
$3,936
Location
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Zoned Schools
Elementary
Vallecitos Elementary · grades K-8 · Vallecitos Elementary
Middle
Vallecitos Elementary · grades K-8 · Vallecitos 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.
Comparable Properties
5 comps foundThis Property
$2,377
Comp Average
$3,039

38942 Jubilee Way
3bd / 2ba · 1,175 sqft · Manufactured
$499K
Est. $3,060/mo
604 Porter Street
3bd / 2ba · 1,196 sqft · Single Family
$699K
Est. $3,357/mo
1061 Old Stage Road
3bd / 2ba · 1,080 sqft · Single Family
$670K
Est. $3,136/mo
860 Magarian Rd
3bd / 2ba · 1,112 sqft · Single Family
$695K
Est. $3,073/mo
5521 Rainbow Heights Road
1bd / 1ba · 888 sqft · Single Family
$749K
Est. $2,568/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,586/mo short at 20% down; 85% down or +$3,358/mo rent closes it.
- Break-even price
- $238,286
- Break-even rent
- $5,735/mo
- Cashflow at 35% down
- −$1,987/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
59% under asking
$3,358/mo above the estimate
$488,665 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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