26092 Redoak St
About This Property
Welcome to this beautiful single-story home located in the desirable Hidden Hills Community of Menifee. Boasting 9 PAID solar panels, a security doorbell, wifi thermostat, and a tankless water heater, this home is equipped with modern amenities for convenience and comfort.
Upon entering, you'll be greeted by an inviting open floorpan featuring a spacious living room and a stylish kitchen complete with quartz countertops, a center island, stainless steel appliances, and elegant white cabinetry.
Outside, the front yard is beautifully landscaped, while the backyard offers a concrete patio and an additional slab ideal for a potential spa or shed. The fairly new home allows you to design the backyard to suit your personal taste and lifestyle.
The Hidden Hills Community provides access to tennis courts, parks, playgrounds, and scenic walking trails, perfect for outdoor activities. Conveniently located near schools and shopping, this home offers both tranquility and accessibility in a vibrant neighborhood.
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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 |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jun 26, 2024 | Listed by Epique Realty | $585,000 | |
| Listed by Epique Realty | |||
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About Menifee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017