1485 Cordova
About This Property
This 2 bedroom, 2 bathroom home offers approximately 1,248 square feet of comfortable single story living and has been freshly updated with new interior paint, brand new carpet, a brand new 5 burner stove, and dual ovens. The functional floor plan offers spacious living areas, plenty of natural light, and a great opportunity to move in and make the home your own.
Additional features include central heating and air conditioning, covered carport parking, and two storage sheds providing extra room for tools, hobbies, and seasonal storage.
Sierra Dawn North offers a relaxed 55+ lifestyle with the benefit of land ownership and very low ongoing community costs. Conveniently located near shopping, restaurants, medical facilities, and everyday necessities, this home is a great option for anyone looking to downsize, retire, or simply enjoy affordable homeownership without the burden of monthly space rent.
Freshly updated, move in ready, and priced to offer an excellent opportunity in one of Hemet's established 55+ communities.
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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 |
|---|---|---|---|
| Oct 12, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Listed by Abundance Real Estate | $199,000 | |
| Listed by Abundance Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017