Welcome to East Lake – a beautifully maintained 55+ gated community
in the heart of Hemet. This spacious 2-bedroom, 2-bathroom
manufactured home with bonus craft room/office sits on its own lot
(you own the land and do not pay space rent), offering 1,248 sq ft
of comfortable living space designed with functionality and peace
of mind with the handicap ramp to the back door. Step inside to
discover an open floor plan featuring a large living area flowing
into a spacious dining room, laminate and carpet flooring
throughout. The light-filled kitchen has laminate countertops, a
breakfast bar, lots of cabinet space, nice appliances and a double
sink. The primary bedroom has a walk-in closet with dual mirrored
doors. The primary en-suite includes a walk-in shower, and dual
vanities. A secondary bedroom, guest bath, and an indoor laundry
area add convenience and thoughtful design. The bonus covered patio
extends your living area, ideal for outside relaxation and fresh
air The attached 2-car garage provides extra storage, and the
low-maintenance landscaping has access to the walking path. Located
on a 5,227sq ft lot with a tankless water heater, composition roof
and central HVAC, this home is ideal for those seeking peaceful,
secure, and low-maintenance living. The HOA dues cover water, trash
and sewer, plus a well-maintained clubhouse, pool, tennis and a lot
of activities. Whether you're looking to downsize or settle into a
tranquil lifestyle, 1237 Yellowood Drive delivers comfort,
community, and California sunshine.
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.
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