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2347 Diamond Edge Road
About This Property
Silverstone is a brand-new collection bringing new single-family homes to the Green Valley Ranch masterplan, now selling in Perris, CA. Residents will enjoy access to fantastic onsite amenities and spacious, two-story home designs. Local attractions including Lake Perris, the Railway Museum and the Perris Speedway offer ample recreation and entertainment options. Proximity to the 215 and 74 freeways helps to simplify everyday commutes and travel, and the community is serviced by schools in the Romoland and Perris Unified School Districts.
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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 6, 2026 | Sold | ||
| Sold | |||
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Century 21 Masters | $596,005 | |
| Listed by Century 21 Masters | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017