$370,500
●
House -
Off Market
1885 Silver Drop Lane
Hemet, CA 92545
5 Beds
3 Baths
3,082 Ft²
$557,561
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
This beautiful 2 story, turn key home offers you, 5 bedroom, and 3
full bathrooms with RV parking!!! The house is completely upgraded
with dark wood
floors throughout the entire downstairs and master bedroom. It also features high vaulted ceiling with large living and family
room to provide ample space for entertaining. The Kitchen is open with an abundant cupboard space, cabinets that are dark wood,
granite counter tops, stainless steel appliances and a large island. This house offers one bedroom and bathroom downstairs. Upstairs
you will find a large bonus room, and 4 more spacious bedrooms including the master bedroom. The master bath has a separate bathtub
and shower, two walk-in closets, and dual sinks.
***House also has paid off solar!!!
floors throughout the entire downstairs and master bedroom. It also features high vaulted ceiling with large living and family
room to provide ample space for entertaining. The Kitchen is open with an abundant cupboard space, cabinets that are dark wood,
granite counter tops, stainless steel appliances and a large island. This house offers one bedroom and bathroom downstairs. Upstairs
you will find a large bonus room, and 4 more spacious bedrooms including the master bedroom. The master bath has a separate bathtub
and shower, two walk-in closets, and dual sinks.
***House also has paid off solar!!!
Unit Size
3,082 Ft²
Days on Market
67 days
Land Size
0.16 acres
Price per sqft
$127
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006
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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 #SW20009713)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2020 | Sold | ||
| Sold | |||
| Jan 17, 2020 | Listed by Big Block Realty | $389,900 | |
| Listed by Big Block Realty | |||
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
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hemet
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Listed by: Nicole Giulitto, Big Block Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20009713
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20009713
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