4650 Dulin Road #SPC 120
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4650 Dulin Road #SPC 120

Atop 10%

Fallbrook, CA 92028

$375,000

Pass at asking: -$1,415/mo full cashflow at 20% down, 7.43% rate.

Works at $190,599 (49% under asking), or at 75% down.

Rent $2,377/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,440

Year Built

1977

Days on Market

96

Property Type

Manufactured

HOA/mo

$366

MLS ID

NDP2607389

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

Virtual Tour

About This Property

Welcome to this beautifully maintained home in a desirable 55+ active adult community where you own the land. Offering a comfortable floor plan and a peaceful setting, this home provides an excellent opportunity to enjoy the best of the Southern California lifestyle with the added benefit of land ownership. The community offers an impressive selection of resort style amenities, including a championship golf course, pool and spa, sauna, fitness center, tennis and pickleball courts, bocce ball, billiards room, card room, clubhouse, barbecue and outdoor cooking areas, and common RV parking. Residents can also enjoy a variety of social activities and community events throughout the year. Pets are welcome, and the HOA includes trash service. With an active yet relaxed atmosphere and an outstanding selection of amenities, this is a wonderful place to enjoy your next chapter. Best of all, this is an owned land community, so you own both the home and the property it sits on.

Mortgage Calculator

Est. Monthly Payment

$2,934

Principal & Interest$2,083
Property Tax$375
Insurance$109
HOA$366
%($75,000)
%
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

62A
Est. Monthly Rent
$2,377

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$556
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,415

What would make this work?

$1,415/mo short at 20% down; 75% down or +$1,838/mo rent closes it.

Break-even price

49% under asking

$190,599
Break-even rent

$1,838/mo above the estimate

$4,215/mo
Cashflow at 35% down
−$1,025/mo
Down payment to break even

$281,250 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,083
Cap Rate
2.52%
Cash-on-Cash
-22.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.81

NOI (Annual)
$9,440
Price-to-Rent

Lower = better for investors

13.1

* 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−$1,415/mo