10402 Lorraine Ln
About This Property
This home has Central Air & Heating with Smart Home Nest System Controls, Whole House Fan plus 6 Ceiling Fans Inside to keep you cool. Almost all windows are Double Pane. Includes Ring Door Bell & Securty System. The home also features Solar Panels that have been paid-off and are owned not leased. You will have NO electricity bill!
Inside, you'll find newly painted walls. Tile flooring throughout with modern baseboards and crown molding. Kitchen is light & bright and has a Pantry Closet. New Stove/Oven Stainless Steel Range! Stainless Steel Refrigerator and Washer & Dryer will remain with the home.
Outside, the generous 6,000 square foot lot boasts a spacious yard. The backyard is perfect for entertaining with an in Ground Pool, Covered Patio, and Water Fountain offering a private oasis to enjoy the outdoors. Attached 2 car garage with shelving and door going directly into the home.
Cypress, located in Orange County, California, is a great area to buy a home due to its strong community vibe and excellent schools. The Cypress School District and Anaheim Union High School District are noted for their academic excellence, with schools like Oxford Academy ranking highly statewide. Less than 2 miles from Cypress College. Beyond education, Cypress offers abundant parks, summer concerts and recreational facilities, making it perfect for families. Its welcoming environment adds to its appeal, making Cypress a desirable place for homebuyers.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Aug 12, 2025 | Price Decreased |
$945,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed by First Team Real Estate | $965,000 | |
| Listed by First Team Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017