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4115 Cyprus Island Court
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4115 Cyprus Island Court

Btop 30%

Fallbrook, CA 92028

$499,000
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: -$2,147/mo full cashflow at 20% down, 7.36% rate.

Works at $218,062 (56% under asking), or at 83% down.

Rent $3,044/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($2,967–$3,251).

Beds

2

Baths

2

Sqft

1,308

Year Built

1979

Days on Market

46

Property Type

Condo

HOA/mo

$677

MLS ID

NDP2608579

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

Virtual Tour

About This Property

Enjoy stunning Pala Mesa Golf Course and mountain views from living room, balcony and primary suite, with lovely sunsets. Monserrate mountain sunrises from kitchen. Relax and enjoy the freedom of resort style living with golf, restaurant, wineries, hiking. No more, "Sorry, I can't babe, I need to mow, weed, edge, water, clean pool and spa, touch up exterior, fix potholes, fix irrigation". Nope, it's all included with your HOA. Oh, and the largest two car garage available, plus all Water included, both interior and exterior. Next to pool and spa on the best cul-de-sac. Stainless Steel Refrigerator, Stackable Washer/Dryer included. Minutes from Fallbrook, Temecula, Bonsall.

Mortgage Calculator

Est. Monthly Payment

$4,075

Principal & Interest$2,753
Property Tax$499
Insurance$146
HOA$677
%($99,800)
%
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.

Comparable Properties

5 comps found

This Property

$3,044

vs

Comp Average

$3,041

4129 Cyprus Island Court

4129 Cyprus Island Court

2bd / 2ba · 1,308 sqft · Condo

$469K

Est. $3,044/mo

310 Ivy Ln

310 Ivy Ln

2bd / 2ba · 1,281 sqft · Condo

$530K

Est. $3,028/mo

4123 Oak Island

4123 Oak Island

2bd / 2ba · 1,308 sqft · Condo

$499K

Est. $3,003/mo

2542 Los Cerritos Lane

2542 Los Cerritos Lane

2bd / 2ba · 1,389 sqft · Condo

$530K

Est. $3,118/mo

1759 Pala Lake Drive

1759 Pala Lake Drive

2bd / 2ba · 1,426 sqft · Condo

$515K

Est. $3,014/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

47B
Est. Monthly Rent
$3,044

4 leases of condos & townhomes in 92028, size-adjusted · $2,967–$3,251

Blended 50/50 with the zip's market median ($2,981)

Monthly Cashflow

Rent − PITIA

-$1,031
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,147

What would make this work?

$2,147/mo short at 20% down; 83% down or +$2,788/mo rent closes it.

Break-even price

56% under asking

$218,062
Break-even rent

$2,788/mo above the estimate

$5,832/mo
Cashflow at 35% down
−$1,631/mo
Down payment to break even

$414,170 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$2,753
Cap Rate
1.82%
Cash-on-Cash
-25.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.75
NOI (Annual)
$9,099
Price-to-Rent

Lower = better for investors

13.7

* 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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BCashflow−$2,147/mo