$180,000
●
Mobile Manufactured -
Off Market
1278 Sorrel Drive
Hemet, CA 92545
2 Beds
2 Baths,
1
Half Bath
1,940 Ft²
$262,175
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
Eastlake is an age restricted 55+ retirement community located in
Hemet, Ca. This manufactured home is on its own land in the
gated community of Eastlake which is adjacent to Seven Hills public
golf course. This quality built home has a three car garage
that has a half bath in it. The home is a quality built
Silvercrest Sherwood Manor with extra insulation and drywall
interior. there are two bedrooms and two baths plus an office
area next to the living room. Facing the interior and
convenient access to walking on the greenbelt. There is a
clubhouse, pool and other amenities. The common areas are
watered and landscaped by the association which also provides trash
service. Might be the best home in Eastlake so if you want
top-of-the-line, this is it!
Unit Size
1,940 Ft²
Days on Market
54 days
Land Size
0.12 acres
Price per sqft
$92
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
$180
Year Built
1988
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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: 5 months ago (CRMLS #SW19213542)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2019 | Sold | ||
| Sold | |||
| Sep 6, 2019 | Listed by Century 21 McDaniel & Assoc. | $179,000 | |
| Listed by Century 21 McDaniel & Assoc. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hemet
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Listed by: Ian Davidson, Century 21 McDaniel & Assoc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19213542
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19213542
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