$321,000
●
House -
Off Market
26409 Ridgemoor Rd
Menifee, CA 92586
2 Beds
1 Bath
945 Ft²
$1,557
Est. Monthly
$34
HOA / Fees
8.58%
Cap Rate
About This Property
Cute 2 bedroom/1 Bath Senior Home in Sun City area of Menifee. The
Kitchen was updated with upgraded Quartz counters, farm house sink,
new cabinets and French doors to the back patio. With newer vinyl
planks flooring throughout home (except bedrooms are carpeted) the
home has a modern feel. The windows throughout were replaced a few
years ago. No Popcorn Ceilings!! For the hobby enthusiast there is
an extra room behind the garage or simply use it for storage. The
backyard is large with plenty of room for entertaining or backyard
activities. The Sun City Civic Association has plenty of activities
and amenities for the Senior who wants that active lifestyle. This
would also be a nice home for an investor with a current tenant who
pays rent on time and will consider staying.
Unit Size
945 Ft²
Days on Market
62 days
Land Size
0.16 acres
Price per sqft
$328
Property Type
House
Property Taxes
-
HOA Dues
$34
Year Built
1964
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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: 2 years ago (CRMLS #SW25023781)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | Listed by HomeSmart Realty West | $310,000 | |
| Listed by HomeSmart Realty West | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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 Sun City
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Listed by: Terri Parker, HomeSmart Realty West
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW25023781
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW25023781
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