$470,000
●
House -
Off Market
16311 Ringbit Court
Riverside, CA 92506
4 Beds
2 Baths
1,898 Ft²
$710,831
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
ONE OWNER SINGLE STORY HOME IN WOODCREST. GATED DRIVEWAY TO
THIS BEAUTIFUL 4 BEDROOM, DINING ROOM AND FAMILY ROOM HOME WITH
MANY UPDATES INCLUDING DUAL PANED WINDOWS, KITCHEN REMODEL WITH
GRANITE COUNTERTOPS, BOTH BATHROOMS REMODELED AND REDECORATED WITH
VESSEL SINKS, TILE, ETC. OVER ONE ACRE WITH COVERED PATIO,
SPA, AND SEPARATE GAZEBO. BEAUTIFULLY WOODED LOT WITH ROOM TO
REAR WHICH COULD BE USED FOR HORSES OR ANIMALS. MANY UNIQUE
PLANTINGS INCLUDING PEAR, APRICOT, APPLE, ORANGE, PEACH AND LEMON
TREES. THE 1.2 ACRE LOT IS COMPLETELY FENCED WITH CHAIN LINK
AND VNYL FENCING AND GATES ACROSS THE FRONT OF THE PROPERTY.
THERE IS ADEQUATE RV PARKING TO THE RIGHT OF THE DRIVEWAY AND
A TURNAROUND TO THE LEFT OF THE DRIVEWAY.
THE LUSH PLANTINGS AND SEPARATE PATIO AREAS MAKE IT AN ENTERTAINER'S DELIGHT WITH PRIVACY FOR YOUR GUESTS.
THE LUSH PLANTINGS AND SEPARATE PATIO AREAS MAKE IT AN ENTERTAINER'S DELIGHT WITH PRIVACY FOR YOUR GUESTS.
Unit Size
1,898 Ft²
Days on Market
46 days
Land Size
1.20 acres
Price per sqft
$256
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986
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Cap Rate Calculator
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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 #IV19185254)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2019 | Sold | ||
| Sold | |||
| Aug 4, 2019 | Listed by RE/MAX HORIZON | $485,000 | |
| Listed by RE/MAX HORIZON | |||
Property Highlights
Garage
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Woodcrest
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: DOROTHY PATAKY, RE/MAX HORIZON
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19185254
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19185254
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