21965 Carnation Lane
About This Property
As you arrive, you are greeted by mature landscaping, excellent curb appeal, and an expansive driveway with ample room for guests, or additional parking needs. The oversized RV parking area is perfect for storing all your toys while still maintaining a spacious backyard area. The huge 4 car garage provides excellent storage, workshop space, or additional parking options. Step inside and you are immediately welcomed by beautiful wood flooring that flows throughout most of the home, creating warmth and character from the moment you enter. The formal living room offers a cozy fireplace and abundant natural light, while the large family room flows nicely into the kitchen area. The kitchen features tiled countertops, abundant cabinet storage, and a large kitchen window overlooking the expansive backyard. The kitchen dining area is conveniently located next to the kitchen creating a practical layout for everyday meals and entertaining. The sliding glass door opens directly to the massive backyard, seamlessly blending indoor and outdoor living spaces. Downstairs also features a convenient half bathroom along with a spacious laundry room complete with storage space and direct access to the oversized 4 car garage. Upstairs, the primary suite is large in scale and features its own private retreat area perfect for a home office, reading nook, workout area, or sitting room. The primary bathroom includes dual sinks, a separate soaking tub and shower, and a spacious walk-in closet. The three additional upstairs bedrooms are generously sized and share a hallway bathroom with dual sinks and a shower tub combo. One secondary bedroom includes direct bathroom access creating a desirable pseudo-ensuite setup. Outside, the side patio cover creates a great outdoor sitting area while the large yard offers ample room to customize and create your dream outdoor space. With no rear or front neighbors, this property offers a rare level of privacy while still being close to all the conveniences Wildomar has to offer.
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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 |
|---|---|---|---|
| Aug 17, 2026 | Sold | ||
| Sold | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Relisted | $624,900 | |
| Relisted | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Listed by Performance Estates & Homes | $624,900 | |
| Listed by Performance Estates & Homes | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017