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14765 Toft Drive
About This Property
porcelain flooring. Formal dining & living rooms, and a family room complete with a bar & cozy fireplace. The master suite has a fireplace dual closets and a huge bathroom with a spa tub. There are lake views throughout the property. The patio area has a built in bar-b-q and outdoor fireplace. The entire property features beautiful landscaping including walkways, dry streams, grass lawns, gardens, drainage and irrigation systems that were designed by a landscape architect. Lots of room for RV parking. The 2,400 Sq Ft fully insulated shop has inside offices, restroom with a shower, a "clean room" and storage loft. Lake Elsinore is in the top 5 fastest growing cities in California and home to the largest natural lake in So Ca. Known for its extreme sports including sky-diving, moto cross riding, hang gliding, horseback riding, water skiing, wake boarding, and more. The city also has a minor league baseball stadium and an 18-hole golf course. Centrally located in Southwest Riverside Co, it's just minutes away to Orange Co beaches, the famous Temecula wineries, Pechanga Casino and less than an hour drive to San Diego.
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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 |
|---|---|---|---|
| Nov 1, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2018 | Listed by Help-U-Sell Inland Valley | $679,000 | |
| Listed by Help-U-Sell Inland Valley | |||
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About Lake View
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017