4747 Oak Crest Road #76
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4747 Oak Crest Road #76

Atop 10%

Fallbrook, CA 92028

$439,000
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: -$1,509/mo full cashflow at 20% down, 7.43% rate.

Works at $242,422 (45% under asking), or at 70% down.

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

Beds

3

Baths

2

Sqft

1,368

Year Built

1987

Days on Market

88

Property Type

Mfd/Mobile Home

HOA/mo

$494

MLS ID

NDP2607684

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

Virtual Tour

About This Property

MAJOR PRICE IMPROVEMENT! NOW $439,000 — DOWN $16,000!** Discover exceptional value in this upgraded 3-bedroom, 2-bath home in Oak Crest Estates, a desirable 55+ resident-owned cooperative community in Fallbrook. Originally offered at $455,000, this home is now priced at $439,000, presenting a new opportunity to enjoy an inviting home, flexible living spaces, and the benefits of resident ownership with **NO SPACE RENT!** With 1,368 sq. ft. of Living Space, plus 3 additional side-room areas offering approx 1,700 sq. ft. of total usable space, there's room to relax, entertain or work from home. **ENJOY THE BENEFITS OF RESIDENT OWNERSHIP!** The monthly HOA of $494 includes Water, Sewer, and Trash. Community Amenities include a Pool, Spa, and Recreational facilities. RV parking is also available for a nominal fee. Inside, the Updated Kitchen features Quartz Countertops and a KitchenAid Double Oven, Refrigerator, Dishwasher, and Stove. Both bathrooms have been Updated. Additional improvements include New Windows, Copper Plumbing, Reverse-Osmosis kitchen Water filtration, and a New Furnace and Central Air Conditioning installed in 2025. The Roof and Water Heater were replaced in 2023. The welcoming interior offers attractive Flooring and comfortable living and dining areas. Three additional Side-room spaces provide versatility for a hobby room or exercise area, Outside, enjoy mature Oak trees, colorful gardens, established landscaping, and covered Patio areas that create an inviting setting for outdoor enjoyment. An Automated Irrigation system and three Covered Parking spaces. **NOW $439,000!** With a $16,000 price reduction, extensive improvements, flexible living spaces, and the advantages of a 55+ resident-owned community with NO Space Rent, this is great opportunity. Schedule your showing and discover the value and lifestyle awaiting you at Oak Crest Estates!

Mortgage Calculator

Est. Monthly Payment

$3,500

Principal & Interest$2,439
Property Tax$439
Insurance$128
HOA$494
%($87,800)
%
Loan Term

Location

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Investment Score

67A
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

-$440
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,509

What would make this work?

$1,509/mo short at 20% down; 70% down or +$1,960/mo rent closes it.

Break-even price

45% under asking

$242,422
Break-even rent

$1,960/mo above the estimate

$5,020/mo
Cashflow at 35% down
−$1,052/mo
Down payment to break even

$307,300 cash

70%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,439
Cap Rate
2.96%
Cash-on-Cash
-20.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.87

NOI (Annual)
$12,988
Price-to-Rent

Lower = better for investors

12.0

* 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−$1,509/mo