$253,000
●
House -
Off Market
23635 Norma Drive
Menifee, CA 92587
2 Beds
1 Bath,
1
Half Bath
1,166 Ft²
$356,125
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Prime opportunity in this quiet Menifee neighborhood, just outside
Canyon Lake in the Quail Valley area. This two story home is
fronted by chain link fencing that opens to a large driveway with
rolling gate. Inside, the approx. 1166 sqft offers an open
floor plan with cozy kitchen that includes a gas stove,
refrigerator, microwave and dishwasher with the kitchen opening to
the dining area and family room. Downstairs features tiled
flooring throughout, a half bath for guests and access to the rear
yard enclosed with wood fencing, large backyard patio, mature trees
on the property and spacious yard ready for a garden or ??.
Upstairs are the two large bedrooms with oversized closets
with sliding doors plus lots of upstairs storage and a covered
balcony off of the upstairs bedroom with views of the mountains and
hills beyond. Attached 2-car garage, no HOA and low tax area.
Tons of potential and opportunity to customize this home for
yourself and/or your family!
Unit Size
1,166 Ft²
Days on Market
56 days
Land Size
0.12 acres
Price per sqft
$218
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986
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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 #SW20076763)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2020 | Sold | ||
| Sold | |||
| Apr 22, 2020 | Listed by Allison James Estates & Homes | $254,000 | |
| Listed by Allison James Estates & Homes | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
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 Quail Valley
Similar Homes for Sale
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Listed by: Brenda Brisson, Allison James Estates & Homes
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20076763
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20076763
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