
38942 Jubilee Way
Atop 10%Fallbrook, CA 92028
Pass at asking: -$1,454/mo full cashflow at 20% down, 7.36% rate.
Works at $308,827 (38% under asking), or at 63% down.
Rent $3,065/mo: zip market median for this bed count.
Beds
3
Baths
2
Sqft
1,175
Year Built
1976
Days on Market
210
Property Type
Manufactured
HOA/mo
N/A
MLS ID
SW26083112
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Views! Views! Views! Located in the scenic hills of Fallbrook near Rainbow, this exceptional property offers a rare opportunity to own over 6 acres of usable Southern California countryside. With approximately 6.12 acres, this versatile parcel combines privacy, natural beauty, and incredible potential. Surrounded by rolling hills, mature trees, and picturesque mountain and valley views, the property provides a peaceful rural setting while still being within convenient reach of local shops, dining, and major roadways. Ideal for those seeking space, serenity, and flexibility. The existing 3-bedroom, 2-bath manufactured home features a deck and covered patio, offering a comfortable place to enjoy the surrounding landscape. Whether used as a primary residence, rental, or temporary living space while you build, it adds immediate value and functionality. The land is the true highlight, offering citrus trees and expansive flat, usable areas perfect for a custom estate, agricultural use, or multi-purpose living. Utilities are already in place, including electricity, water, private well, propane, and septic system--providing a strong foundation for future development. Enjoy open space, privacy, and the charm that makes Fallbrook one of North County's most desirable hidden gems. With increasing demand for land and lifestyle properties, opportunities like this are becoming increasingly rare. Don't miss your chance to create your vision and own a piece of Fallbrook's tranquil lifestyle.
Mortgage Calculator
Est. Monthly Payment
$3,398
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.
Comparable Properties
5 comps foundThis Property
$3,065
Comp Average
$3,196
4747 Oak Crest Road
3bd / 2ba · 1,368 sqft · Mfd/Mobile Home
$439K
Est. $3,065/mo
604 Porter Street
3bd / 2ba · 1,196 sqft · Single Family
$699K
Est. $3,389/mo
1734 Adalane Place
3bd / 2ba · 1,346 sqft · Single Family
$695K
Est. $3,390/mo
860 Magarian Rd
3bd / 2ba · 1,112 sqft · Single Family
$695K
Est. $3,073/mo
39018 Jubilee
3bd / 2ba · 1,444 sqft · Manufactured
$750K
Est. $3,065/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,454/mo short at 20% down; 63% down or +$1,888/mo rent closes it.
- Break-even price
- $308,827
- Break-even rent
- $4,953/mo
- Cashflow at 35% down
- −$938/mo
- Down payment to break even
- 63%
- Rate to break even
- 1.08%
38% under asking
$1,888/mo above the estimate
$314,370 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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