26869 Merced Street
About This Property
Upon entry, you are greeted by an inviting living space, where natural light pours in through large windows, creating a warm and airy atmosphere. The floor plan seamlessly connects the living room to the dining area and kitchen, ideal for both daily living and entertaining guests.
The kitchen features ample cabinetry, a cozy dining area and direct access to the backyard. This kitchen is perfect for enjoying meals with family and friends.
This home includes three well-appointed bedrooms, each offering comfort and privacy. The master suite is a peaceful retreat, complete with a private en-suite bathroom and generous closet space. The remaining bedrooms are versatile, ideal for children, guests, or as a home office.
Outside, the backyard provides a serene escape with a patio area, perfect for outdoor dining and relaxation. The yard offers space for gardening or play, making it an excellent place for both solitude and social gatherings.
Located in Menifee, residents enjoy a suburban lifestyle with easy access to local amenities, schools, and parks. With its desirable single-story layout, functional design, and serene surroundings, this home offers a wonderful opportunity to embrace comfortable living in a coveted Southern California community.
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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 17, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 1, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Relisted | $540,000 | |
| Relisted | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017