
2125 Puerto Del Mundo
Dbottom 20%Fallbrook, CA 92028
Pass at asking: -$5,721/mo full cashflow at 20% down, 7.43% rate.
Works at $254,059 (75% under asking); even all cash loses money at asking.
Rent $2,534/mo from 6 leases of studio–2 bed houses in 92028 ($2,601–$2,805).
Beds
1
Baths
1
Sqft
908
Year Built
2006
Days on Market
116
Property Type
Single Family
HOA/mo
N/A
MLS ID
ND26156506
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Major price drop to sell quickly, 1 Bed, 1 Bath, 906 SQFT with expandable unfinished basement, 22.68-acre Fallbrook view property offering privacy, panoramic mountain and valley views. Set behind a gated entry in a peaceful ridgetop setting, the property provides an opportunity to create a private estate, multigenerational retreat, residential rental, or future development project, subject to applicable County approvals. The fully permitted 1-bedroom, 1-bath view cottage, built in 2006, features an open living area, dual-sided propane fireplace, and a large wraparound deck designed to take advantage of the surrounding views. An unfinished walk-out basement below the residence provides additional value-add potential, with utilities and fire sprinklers already in place. A future owner may explore additional living space, bedrooms, bathrooms, storage, workshop space, or other improvement. The acreage includes a mature 1200 tree avocado grove that complements the property's rural character and setting. The property should be viewed primarily for its substantial acreage, privacy, residential improvements, views, infrastructure, and long-term possibilities. The existing cottage also provides potential for long-term or short term residential rental use. Previous engineering discussions have indicated potential subdivision opportunities based on the property's size, elevations, access, and configuration, subject to independent investigation and County approval. The property's A70 zoning may provide additional flexibility for future uses and improvements. Access is another notable feature, with multiple legal access points, including three legal entries serving the upper portion of the property and an additional legal gated entry from Green Street at the lower portion. A potential additional access point at the southeast corner may also be explored, subject to easement rights and County approval. The property is conveniently located near local vineyards, Palomar College, shopping, dining, and planned commercial development, with quick access to Interstate 15. Incredible opportunity to own 22.68 acres of private Fallbrook land with an existing permitted residence, established utilities and infrastructure, multiple access points, beautiful views, and a variety of potential residential and long-term development possibilities. Upcoming Spring Avocado Crop will be a negotiated part of the transaction.
Mortgage Calculator
Est. Monthly Payment
$6,840
Location
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Zoned Schools
Elementary
Live Oak Elementary · 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.
Renovation math
Flagged Fixer from the listing remarks — “value-add”, “unfinished”.
- Asking now
- $999K
- Worth finished
- $568K
- Already above finished value
- −$431,500
$1,100/sqft
$625/sqft × 908 sqft
$475/sqft over
Comparable finished homes nearby suggest this is worth about $568K — below the asking price. A renovation here has to be funded out of the purchase, not the spread.
Rent once renovated
- Rent at par
- $2,626/mo
- Cashflow at that rent
- −$5,650/mo
$2.89/sqft × 908 sqft, median of 5 comps
cap rate 0.04%, DSCR 0.38
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$2,534
Comp Average
$2,957
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
1686 Rice Canyon
1bd / 2.5ba · 1,200 sqft · Single Family
$749K
Est. $2,972/mo
5521 Rainbow Heights Road
1bd / 1ba · 888 sqft · Single Family
$749K
Est. $2,568/mo
2777 Kingridge Drive
2bd / 1.5ba · 1,020 sqft · Single Family
$1.10M
Est. $3,035/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
6 leases of studio–2 bed houses in 92028 · $2,601–$2,805
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,721/mo short at 20% down; +$7,430/mo rent closes it.
- Break-even price
- $254,059
- Break-even rent
- $9,964/mo
- Cashflow at 35% down
- −$4,681/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
75% under asking
$7,430/mo above the estimate
Negative even all-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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