248 Dun Blazer Way
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248 Dun Blazer Way

Btop 30%

Fallbrook, CA 92028

$765,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$3,079/mo full cashflow at 20% down, 7.43% rate.

Works at $364,181 (52% under asking), or at 78% down.

Rent $3,992/mo from 4 leases of 4-bed houses in 92028 ($3,663–$4,497).

Beds

4

Baths

2.5

Sqft

2,156

Year Built

2018

Days on Market

62

Property Type

Single Family

HOA/mo

$277

MLS ID

NDP2608384

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

Virtual Tour

About This Property

** Price Improvement ** Welcome to this beautifully upgraded 4-bedroom home in the highly desirable Horse Creek Ridge community! With 2,156 square feet, 2.5 bathrooms, and a versatile bonus room featuring a stylish barn door, this home offers plenty of space to live, work, and enjoy. The kitchen is a standout with a beautiful backsplash and upgraded appliances, pull out drawers there and in the pantry, while the thoughtful entryway includes a convenient built-in bench and hanging area to help keep everyday life organized. Premium window shutters, upgraded flooring throughout the upstairs and downstairs, tile in the wet areas, and an epoxy-coated garage floor add both style and functionality. You'll also appreciate the whole-house fan, designed to help reduce air conditioning usage, along with a water softener and reverse osmosis drinking water system. The garage offers convenient overhead storage, giving you even more room to stay organized. Outside, the exterior trim, fascia, and garage doors have recently been painted and maintained in accordance with HOA standards. The spacious driveway is a wonderful bonus, providing extra parking that is hard to come by. Located near the BP pool, you'll enjoy easy access to one of Horse Creek Ridge's fantastic community amenities. The leased solar system is just $95 per month, helping provide an energy-efficient advantage to this already well-equipped home. With its thoughtful upgrades, flexible floor plan, great driveway space, and desirable location within the community, this home is one you won't want to miss!

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Est. Monthly Payment

$5,515

Principal & Interest$4,250
Property Tax$765
Insurance$223
HOA$277
%($153,000)
%
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.

Investment Score

41B
Est. Monthly Rent
$3,992

4 leases of 4-bed houses in 92028 · $3,663–$4,497

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,523
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,079

What would make this work?

$3,079/mo short at 20% down; 78% down or +$3,998/mo rent closes it.

Break-even price

52% under asking

$364,181
Break-even rent

$3,998/mo above the estimate

$7,990/mo
Cashflow at 35% down
−$2,282/mo
Down payment to break even

$596,700 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,250
Cap Rate
2.15%
Cash-on-Cash
-24.15%
DSCR

Need ≥ 1.25 for DSCR loan

0.72

NOI (Annual)
$16,451
Price-to-Rent

Lower = better for investors

16.0

* 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−$3,079/mo