4129 Cyprus Island Court
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4129 Cyprus Island Court

Atop 10%

Fallbrook, CA 92028

$469,000
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: -$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 →

Virtual Tour

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

Principal & Interest$2,605
Property Tax$469
Insurance$137
HOA$677
%($93,800)
%
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.

Investment Score

52A
Est. Monthly Rent
$3,047

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

Blended 50/50 with the zip's market median ($2,987)

Monthly Cashflow

Rent − PITIA

-$841
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,933

What would make this work?

$1,933/mo short at 20% down; 80% down or +$2,511/mo rent closes it.

Break-even price

54% under asking

$217,383
Break-even rent

$2,511/mo above the estimate

$5,558/mo
Cashflow at 35% down
−$1,445/mo
Down payment to break even

$375,200 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,605
Cap Rate
2.11%
Cash-on-Cash
-24.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$9,896
Price-to-Rent

Lower = better for investors

12.8

* 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−$1,933/mo