$309,000
●
House -
Off Market
1040 Indiangrass Drive
Hemet, CA 92545
5 Beds
3 Baths,
1
Half Bath
2,446 Ft²
$492,065
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model
About This Property
Exceptionally clean beautiful property, with solid wood
floors in most of the house. Good floor plan for a large family.
Very nice landscaping all the way around the house, designed for
low maintenance. Great covered patio, sidewalk in rear of house,
great location for shopping, or quick in and out of town.
Unit Size
2,446 Ft²
Days on Market
56 days
Land Size
0.18 acres
Price per sqft
$126
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #SW17161827)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Feb 22, 2025 | Listed by RE/MAX Connections | $520,000 | |
| Listed by RE/MAX Connections | |||
| | |||
|
Welcome to 1040 Indiangrass Dr,Hemet, CA 92544, a beautifully maintained single-story home offering 2,446 sq. ft. of spacious living. With 4 bedrooms, 3 bathrooms, and a 2 car garage, this home is perfect for families seeking comfort, style, and efficiency. Step inside to discover an inviting open floor plan, ideal for both entertaining and everyday living. The Kitchen boast modern appliances, ample counter space, and a seamless flow into the dining and living areas. The huge primary suite features a private en-suite bath, while the additional bedrooms and baths provide flexibility for guests, a home office, or a growing family. Enjoy outdoor living year-round under the misted Alumawood patio cover, perfect for relaxing or hosting gatherings. This home comes equipped with a highly-efficient solar system. The solar panel’s provide a low-maintenance, eco-friendly power source, increasing energy independence and significant long-term savings. A perfect home blended with modern comfort and smart investing, close to all schools(k-12), parks and shopping. Don't miss this incredible opportunity-schedule a tour today.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Feb 25, 2021 | Listed | $410,000 | |
| Listed | |||
| | |||
|
Beautiful single story 4 bedroom 3 bath home located on the west side of Hemet. The home has wood floors in the living room, formal dining, formal living, den, hallway, and 1 bedroom. The other 3 bedrooms have laminate flooring. Kitchen and bathrooms have beautiful tile. The only carpet in the home is located in both master bedroom closets. Kitchen features tiled counter tops, an island, and a pantry. Ceiling fans in living room, den, and the outside patio cover. Patio cover is alumawood. There are two hall closets. The home also has a finished two-car garage. Located near elementary, middle, and high schools. Near parks. The manager has listed the unit size as 2446 square feet.
| |||
| Sep 8, 2017 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Hemet
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Listed by: Ruth Pabst, Main Street Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17161827
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17161827
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