3404 Oak Cliff Drive #3
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3404 Oak Cliff Drive #3

Atop 10%

Fallbrook, CA 92028

$537,500
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: -$1,631/mo full cashflow at 20% down, 7.43% rate.

Works at $325,151 (40% under asking), or at 64% down.

Rent $3,698/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($3,359–$3,681).

Beds

2

Baths

2.5

Sqft

1,677

Year Built

1975

Days on Market

95

Property Type

Condo

HOA/mo

$350

MLS ID

SW26173101

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

About This Property

Beautiful home in rural setting just blocks from award winning Monserate Winery. No neighbors above or below, and with views of country land, trees and vineyards with a 2 car attached garage and lots of upgrades, this home is a dream come true at a price that won't break your budget. Enter past your own yard and garden space into the family room and dining rooms, with soaring 20 foot vaulted ceilings. Upgraded kitchen with granite counters has plenty of cabinet and counter space and leads to a hallway with guest bath, desk area, naturally lit laundry room and the garage. Family room has fireplace, built-in shelves and hard surface flooring. Stairway leads to bridge/overlook and 2 spacious bedrooms, each with their own bathrooms. Small community tucked away in this warm rural setting away from the hustle and bustle, but a short walk to the winery, and with quick easy access to freeways make for an easy commute. Lives like a secluded single level home.

Mortgage Calculator

Est. Monthly Payment

$4,030

Principal & Interest$2,986
Property Tax$538
Insurance$157
HOA$350
%($107,500)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bonsall Elementary · grades K-5 · Bonsall Unified

  • Middle

    Norman L. Sullivan Middle · grades 6-8 · Bonsall Unified

  • High

    Bonsall High · grades 9-12 · Bonsall Unified

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

68A
Est. Monthly Rent
$3,698

4 leases of condos & townhomes in 92028, size-adjusted · $3,359–$3,681

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$333
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,631

What would make this work?

$1,631/mo short at 20% down; 64% down or +$2,118/mo rent closes it.

Break-even price

40% under asking

$325,151
Break-even rent

$2,118/mo above the estimate

$5,816/mo
Cashflow at 35% down
−$1,071/mo
Down payment to break even

$344,000 cash

64%
Rate to break even

at 20% down

0.86%

Mortgage (P+I)
$2,986
Cap Rate
3.44%
Cash-on-Cash
-18.21%
DSCR

Need ≥ 1.25 for DSCR loan

0.92

NOI (Annual)
$18,479
Price-to-Rent

Lower = better for investors

12.1

* 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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ACashflow−$1,631/mo