23711 Lake Drive
About This Property
Charming & Affordable Menifee Home!
Discover this inviting single-story home in the heart of Menifee-perfectly located near schools, shopping centers, and easy freeway access. Officially listed as a 2-bedroom, 1-bath home, it features an additional bedroom, offering 3 bedrooms total for added space and flexibility. Step inside to find an updated kitchen with beautiful granite countertops, modern cabinetry, and tile flooring throughout the main living areas. The vaulted ceiling in the living room creates an open, airy feel that makes this home both comfortable and stylish. Whether you're looking to move in, fix up, or invest as a rental, this stick-built home offers endless potential-all at an unbeatable price. Don't miss your chance to own a piece of Menifee at exceptional value!
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Cap Rate Calculator
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 22, 2025 | Sold | ||
| Sold | |||
| Jul 20, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Relisted | $343,000 | |
| Relisted | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by Century 21 Masters | $343,000 | |
| Listed by Century 21 Masters | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017