
4129 Cyprus Island Court
Atop 10%Fallbrook, CA 92028
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: -$1,933/mo full cashflow at 20% down, 7.43% rate.
Works at $217,383 (54% under asking), or at 80% down.
Rent $3,047/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
47
Property Type
Condo
HOA/mo
$677
MLS ID
NDP2608645
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
$10,000 SELLER CREDIT AVAILABLE! Seller to provide a $10,000 credit toward buyer’s closing costs or interest rate buydown. Seller will entertain offers between $449,000–$469,000. Check out these golf course views without the golf course maintenance? Yes, please. Tucked inside the Pala Mesa Resort community, this bottom level 2 bedroom, 2 bath home has one of those settings that instantly makes life feel a little more relaxed. The open living and dining space looks straight out to the fairway and surrounding greenery, giving you a front-row seat to the view without ever leaving the couch. Inside, warm plank flooring, tall baseboards and light paint keep things inviting, while the wood-paneled fireplace brings just the right amount of character. The kitchen offers plenty of counter space and storage, and both bathrooms have been thoughtfully updated with modern finishes. The primary bedroom is spacious, has its own en-suite bath and, arguably most importantly, wakes up to those golf course views. The second bedroom gives you flexibility for guests, an office, hobbies, or whatever fits your life. You’ll also find indoor laundry, newer A/C, a detached 2-car garage plus 2 additional parking spots, and access to the community pool and spa. Water, sewer and exterior maintenance are included through the community, so there’s less to worry about and more time to enjoy where you live. Quiet, green and tucked away, yet just minutes from the 76 and 15, this is the kind of Fallbrook spot that feels like a little escape without actually being far from anything.
Mortgage Calculator
Est. Monthly Payment
$3,888
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 foundThis Property
$3,047
Comp Average
$3,061
4115 Cyprus Island Court
2bd / 2ba · 1,308 sqft · Condo
$499K
Est. $3,047/mo
4123 Oak Island
2bd / 2ba · 1,308 sqft · Condo
$499K
Est. $3,051/mo
1759 Pala Lake Drive
2bd / 2ba · 1,426 sqft · Condo
$515K
Est. $3,081/mo
2542 Los Cerritos Lane
2bd / 2ba · 1,389 sqft · Condo
$530K
Est. $3,118/mo
4308 Los Padres Dr
2bd / 2ba · 1,196 sqft · Condo
$575K
Est. $3,010/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of condos & townhomes in 92028, size-adjusted · $2,967–$3,251
Blended 50/50 with the zip's market median ($2,987)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,933/mo short at 20% down; 80% down or +$2,511/mo rent closes it.
- Break-even price
- $217,383
- Break-even rent
- $5,558/mo
- Cashflow at 35% down
- −$1,445/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$2,511/mo above the estimate
$375,200 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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