2125 Puerto Del Mundo
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2125 Puerto Del Mundo

Dbottom 20%

Fallbrook, CA 92028

$999,000

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 →

Virtual Tour

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

Principal & Interest$5,550
Property Tax$999
Insurance$291
%($199,800)
%
Loan Term

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

$1,100/sqft

Worth finished
$568K

$625/sqft × 908 sqft

Already above finished value
−$431,500

$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

$2.89/sqft × 908 sqft, median of 5 comps

Cashflow at that rent
−$5,650/mo

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.

Investment Score

0D
Est. Monthly Rent
$2,534

6 leases of studio–2 bed houses in 92028 · $2,601–$2,805

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$4,306
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,721

What would make this work?

$5,721/mo short at 20% down; +$7,430/mo rent closes it.

Break-even price

75% under asking

$254,059
Break-even rent

$7,430/mo above the estimate

$9,964/mo
Cashflow at 35% down
−$4,681/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,550
Cap Rate
-0.05%
Cash-on-Cash
-34.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.37

NOI (Annual)
-$535
Price-to-Rent

Lower = better for investors

32.9

* 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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DCashflow−$5,721/mo