
4880 San Jacinto Circle East
Ctop 80%Fallbrook, CA 92028
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 →
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
Location
Loading map...
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.
Comparable Properties
5 comps foundThis Property
$4,286
Comp Average
$4,207

514 Live Oak Park
3bd / 2ba · 2,406 sqft · Single Family
$825K
Est. $4,199/mo
5012 Sleeping Indian
3bd / 2.5ba · 2,200 sqft · Single Family
$980K
Est. $4,474/mo
1019 Riverview Drive
3bd / 3ba · 2,081 sqft · Single Family
$949K
Est. $4,094/mo

3001 Lakemont Drive
3bd / 3ba · 2,318 sqft · Single Family
$949K
Est. $4,075/mo
1549 Sleeping Indian Rd
3bd / 2ba · 2,200 sqft · Single Family
$1.45M
Est. $4,191/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3-bed houses in 92028 · $4,147–$4,512
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,916/mo short at 20% down; 91% down or +$7,683/mo rent closes it.
- Break-even price
- $429,737
- Break-even rent
- $11,969/mo
- Cashflow at 35% down
- −$4,666/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
64% under asking
$7,683/mo above the estimate
$1,092,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
Open Full Calculator