4747 Oak Crest Road 28

4747 Oak Crest Road 28

Atop 10%

Fallbrook, CA 92028

$275,000

Pass at asking: -$250/mo full cashflow at 20% down, 7.43% rate.

Works at $242,422 (12% under asking), or at 34% down.

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

Beds

3

Baths

2

Sqft

1,320

Year Built

1971

Days on Market

193

Property Type

Manufactured

HOA/mo

$494

MLS ID

SW26087270

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

About This Property

**PRICE IMPROVEMENT** WELCOME TO the peaceful setting of Oak Crest Estates! COME live in this delightful 3-bedroom, 2-bath manufactured home, which combines comfort, simplicity, and a strong sense of community. Offering approximately 1,200 square feet of living space, the home is located in a 55+ co-op, land-owned neighborhood--an ideal option for those seeking an affordable lifestyle surrounded by the natural beauty of Fallbrook. Inside, a bright and welcoming interior features an open layout that connects the living room and dining area, creating an easy flow for both everyday living and entertaining. The kitchen is thoughtfully designed with generous cabinet space and a practical layout to make meal preparation effortless. The primary bedroom includes its own private bathroom, while the second bathroom has been tastefully updated and includes a tub and shower combination. Additional features include updated flooring, dual-pane windows, central heating and air conditioning, and the convenience of an in-home washer and dryer. Outside, the covered carport provides parking for two vehicles, and a storage shed offers extra space for tools or seasonal belongings. The low-maintenance yard showcases native landscaping that blends beautifully with the surrounding environment. Oak Crest Estates offers a unique lifestyle centered around relaxation and connection. Set across more than 8.5 acres of scenic, oak-filled grounds, this welcoming 55+ community is known for its friendly atmosphere and pride of ownership. Monthly HOA dues of $494 include essential utilities such as water, sewer, and trash, helping simplify day-to-day living. Residents have access to a variety of amenities designed to enhance both leisure and activity. The clubhouse serves as a central gathering place with spaces for recreation, games, and reading. A heated pool and spa provide the perfect setting to unwind, while walking trails meander through the community, showcasing mature oak trees and natural landscape features. A community garden offers space for those who enjoy growing their own plants, and additional conveniences include RV parking and a car wash area. Call Today!!

Mortgage Calculator

Est. Monthly Payment

$2,377

Principal & Interest$1,528
Property Tax$275
Insurance$80
HOA$494
%($55,000)
%
Loan Term

Investment Score

89A
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

+$683
Full Cashflow

Incl. vacancy, PM, maint, capex

-$250

What would make this work?

$250/mo short at 20% down; 34% down or +$324/mo rent closes it.

Break-even price

12% under asking

$242,422
Break-even rent

$324/mo above the estimate

$3,384/mo
Cashflow at 35% down
+$37/mo
Down payment to break even

$93,500 cash

34%
Rate to break even

at 20% down

5.71%

Mortgage (P+I)
$1,528
Cap Rate
6.24%
Cash-on-Cash
-5.45%
DSCR
1.29

NOI (Annual)
$17,172
Price-to-Rent

Lower = better for investors

7.5

* 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−$250/mo