4880 San Jacinto Circle East
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4880 San Jacinto Circle East

Ctop 80%

Fallbrook, CA 92028

$1,200,000

Pass at asking: -$5,916/mo full cashflow at 20% down, 7.43% rate.

Works at $429,737 (64% under asking), or at 91% down.

Rent $4,286/mo from 16 leases of 3-bed houses in 92028 ($4,147–$4,512).

Beds

3

Baths

2.5

Sqft

2,276

Year Built

1962

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608949

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

Virtual Tour

About This Property

Enjoy sweeping panoramic views from South Fallbrook's desirable Morro Hills. Privately gated on 4.28 acres (2 APNs), this unique property includes an approved SB 9 tentative parcel map for a potential split into two approximately 2.14-acre lots. The second parcel features an approved tentative map, a 1-inch water meter, and a passed perc test. The single-story ranch home offers 3BR/2.5BA, 2,276 SF, hardwood floors, granite counters, beamed ceilings, a marble fireplace, a bonus room with a wood-burning stove, and spacious outdoor living areas. A detached structure with power, water, and AC offers potential as an ADU, artist studio, or workshop. Recent improvements totaling over $193,000 include a new standing-seam metal roof, PEX plumbing, 200-amp electrical service, a furnace, insulation, and interior/exterior paint. Mature avocado, citrus, pomegranate, and guava trees enhance the property's agricultural appeal, with room for additional orchard, equestrian, RV, or recreational use. Minutes to downtown Fallbrook, wineries, schools, and freeway access, with beaches and Oceanside Harbor just a short drive away. Rare combination of privacy, views, flexibility, and long-term potential. Buyer to verify all permits, zoning, development potential, and school assignments.

Mortgage Calculator

Est. Monthly Payment

$8,217

Principal & Interest$6,667
Property Tax$1,200
Insurance$350
%($240,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Fallbrook STEM Academy · 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

10C
Est. Monthly Rent
$4,286

16 leases of 3-bed houses in 92028 · $4,147–$4,512

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,931
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,916

What would make this work?

$5,916/mo short at 20% down; 91% down or +$7,683/mo rent closes it.

Break-even price

64% under asking

$429,737
Break-even rent

$7,683/mo above the estimate

$11,969/mo
Cashflow at 35% down
−$4,666/mo
Down payment to break even

$1,092,000 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,667
Cap Rate
0.96%
Cash-on-Cash
-29.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$11,574
Price-to-Rent

Lower = better for investors

23.3

* 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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CCashflow−$5,916/mo