$287,500
●
Mobile Manufactured -
Off Market
1556 Wesley Street
Banning, CA 92220
3 Beds
2 Baths
1,568 Ft²
$449,165
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
BRING THE HORSES! This 2.19+ acres of flat use-able horse
property is nestled up against the mountains with great riding
trails and plenty of room to grow. The land alone has so much
potential, from RV parking, room to build a guest home, storage
shed, and a concrete slab with RV hook ups. A TURNKEY home is ready
for you to relax in and enjoy. The layout of the kitchen and
living room creates a open space, great for entertaining. An
indoor laundry, spacious bedrooms, a master bath with walk in
shower and tub, and amazing views of the mountains surrounded this
home. This home is well maintained, and cared for. The
exterior of the home was just recently painted, bringing a fresh
look to the home. If you have been searching for use-able
land with a home, STOP you have found it!
Unit Size
1,568 Ft²
Days on Market
50 days
Land Size
2.19 acres
Price per sqft
$188
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
2002
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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: 4 months ago (CRMLS #EV18076920)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2018 | Sold | ||
| Sold | |||
| Apr 3, 2018 | Listed by COLDWELL BANKER KIVETT-TEETERS | $295,000 | |
| Listed by COLDWELL BANKER KIVETT-TEETERS | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Banning
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Listed by: TERI JENNEL OLDENDORF, COLDWELL BANKER KIVETT-TEETERS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV18076920
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV18076920
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