223 Orchard Avenue
About This Property
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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 7, 2021 | No longer available | - | |
| No longer available | |||
| Sep 14, 2021 | In contract | - | |
| In contract | |||
| Sep 12, 2021 | Price Increased |
$460,000
↑ $10K
(2.2%) | |
| Price Increased | |||
| Sep 3, 2021 | Listed by eXp Realty of California Inc | $450,000 | |
| Listed by eXp Realty of California Inc | |||
| | |||
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Welcome Home to this beautiful single-story home! It features an oversized lot and 4 bedrooms, 2.5 bath. It's located in a highly desirable northeast Hemet neighborhood, at the end of a quiet cul-de-sac. The home has an open and spacious floorplan with vaulted ceilings and neutral paint and beautiful wood laminate plank flooring. This floorplan offers living room, dining room, kitchen off the family room and a dining area in the kitchen area. The open family room offers a gorgeous fireplace. Kitchen features ceramic tile counter tops, stainless steel appliances, a walk-in pantry and plenty of cabinet space. There is a convenient indoor laundry room with a deep sink and cupboard space. The master bedroom offers a walk-in closet and a master bathroom with dual sinks and a separate soaking tub and stall shower. Step outside to a wonderful Alumawood covered patio and a backyard large enough for a swimming pool or whatever you can imagine! Close to parks, schools, shopping and dining. No HOA and an extremely low tax rate of 1.1% with no special assessments or Mello-Roo’s. Home also has an acre lot with large paved and gated RV access. You will fall in love with this home with spectacular views of the surrounding San Jacinto Mountains. Come and see this home now! The manager has listed the unit size as 2036 square feet.
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| Jul 31, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017