4650 Dulin Road #SPC 45
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4650 Dulin Road #SPC 45

Btop 30%

Fallbrook, CA 92028

$555,000
STR: check · park rules decide · TOT 8%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$2,289/mo full cashflow at 20% down, 7.43% rate.

Works at $257,039 (54% under asking), or at 80% down.

Rent $3,060/mo: zip market median for this bed count.

Beds

3

Baths

2

Sqft

1,600

Year Built

2024

Days on Market

89

Property Type

Mfd/Mobile Home

HOA/mo

$382

MLS ID

NDP2607632

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

About This Property

Amazing value on this newer & beautiful 3-bedroom, 2-bath home at Rancho Monserate Country Club! Modern, bright, and thoughtfully upgraded, this home offers the best of resort-style living—with you owning the land and no monthly space rent. Step inside to 9-foot flat ceilings, dual-pane windows, luxury vinyl plank flooring, recessed lighting, and an open-concept floor plan designed for comfortable everyday living and effortless entertaining. The stylish kitchen features stainless steel appliances, solid-surface countertops, tile backsplash, built-in microwave, glass vent hood, farmhouse sink, deep pots-and-pans drawers, a large island with pendant lighting, coffered ceiling, and a spacious walk-in pantry. All three bedrooms are generously sized and pre-wired for ceiling fans. The spacious primary suite adds even more character with its coffered ceiling and recessed lighting. Step outside to your custom covered wraparound composite deck, the perfect place to relax, entertain, and enjoy the refreshing ocean breezes that flow through the valley. Situated on a desirable corner lot with attractive curb appeal, the home is conveniently close to guest parking and just a short stroll from the beautiful clubhouse. Resort-Style Amenities Your $354/month HOA fee includes access to an incredible 96 acres of amenities, including: Free golf on the lush, beautifully maintained golf course Tennis and pickleball Bocce ball Heated year-round pool and spa Putting green Billiards and table tennis Banquet facilities and card room Library Dog park Community garden Free RV parking Walking and biking trails Historic Mission Chapel Community pond And so much more! Conventional, FHA, and VA financing available. Two pets are allowed with approval. If you've been looking for a new, upgraded home where you own the land, with exceptional amenities and a welcoming resort-style community, this one deserves a look. Come see your new dream home at Rancho Monserate Country Club today!

Mortgage Calculator

Est. Monthly Payment

$4,182

Principal & Interest$3,083
Property Tax$555
Insurance$162
HOA$382
%($111,000)
%
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

48B
Est. Monthly Rent
$3,060

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$1,122
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,289

What would make this work?

$2,289/mo short at 20% down; 80% down or +$2,972/mo rent closes it.

Break-even price

54% under asking

$257,039
Break-even rent

$2,972/mo above the estimate

$6,032/mo
Cashflow at 35% down
−$1,710/mo
Down payment to break even

$444,000 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,083
Cap Rate
2.05%
Cash-on-Cash
-24.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$11,372
Price-to-Rent

Lower = better for investors

15.1

* 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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BCashflow−$2,289/mo