26665 Cortrite Avenue
About This Property
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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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Listed by Keller Williams, The Lakes | $249,900 | |
| Listed by Keller Williams, The Lakes | |||
| Jan 21, 2025 | Listed | $319,900 | |
| Listed | |||
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This property has an address on Cortrite, but sits behind homes on a private road. It features a mobile home with one bedroom, a full bath with a separate shower and a separate tub; a living room with access to back porch; the kitchen has a pantry, eat in space and access to front porch. Sits on a slight hill with privacy and view of the hills and city lights. The laundry facility is on the covered back porch, along with a fire pit and a sauna. There is a newer tankless water heater that has been installed. Fencing is chain link and vinyl fencing around most of the exterior of the property. There is a single detached garage with overhead storage, a storage shed, a workshop and a greenhouse. All are usable spaces. The tax bill addresses assessment details for $36.76, that are included in the tax bill. Per the property profile, Perris Union is the school district. Plenty of space for the extras that need to be stored on the lot. Easy access to Highway 74 to go into Hemet or to the 215 freeway ramps. Location and price, it's all here! The second group of attached pictures are those of the travel trailer that is on the property and connected to all utilites. Most importantly, neither unit is on a permanent foundation.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017