1843 Canyon Heights Road
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1843 Canyon Heights Road

Btop 30%

Fallbrook, CA 92028

$574,900

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 →

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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

Mortgage Calculator

Est. Monthly Payment

$3,936

Principal & Interest$3,194
Property Tax$575
Insurance$168
%($114,980)
%
Loan Term

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.

Investment Score

39B
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

-$1,560
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,586

What would make this work?

$2,586/mo short at 20% down; 85% down or +$3,358/mo rent closes it.

Break-even price

59% under asking

$238,286
Break-even rent

$3,358/mo above the estimate

$5,735/mo
Cashflow at 35% down
−$1,987/mo
Down payment to break even

$488,665 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,194
Cap Rate
1.52%
Cash-on-Cash
-26.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$8,726
Price-to-Rent

Lower = better for investors

20.2

* 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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BCashflow−$2,586/mo