24042 Morella Circle
About This Property
A close commute to the 15 and 215 fwys. Another bonus is the large backyard area and new AC unit! There is so much to love about this Murrieta home. Must see to fully appreciate!
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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 19, 2018 | Sold | ||
| Sold | |||
| Sep 13, 2018 | Listed by Signature Real Estate Group | $365,000 | |
| Listed by Signature Real Estate Group | |||
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About Murrieta Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017