$407,000
●
House -
Off Market
27153 Rainbow Creek Drive
Temecula, CA 92591
3 Beds
2 Baths
1,143 Ft²
$546,525
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
You know what they say when opportunity knocks? Within minutes from
the Promenade Mall and walking distance to Chaparral High School
this home is ready for someone who doesn't mind putting in a work
to make this diamond in the rough sparkle. Desirable floor plan
includes fireplace and lots of windows for a bright airy feel. Just
off the kitchen you will find a patio and rose garden. Rear yard
offers large tree for the perfect amount of shade for your backyard
BBQ parties. Owner just replaced the dishwasher and A/C unit.
Great opportunity for first time home buyers, smart investors, and
anyone wanting to earn a profit with the increase in equity.
Potential Pool sized back yard. Low taxes and no HOA.
Images have been digitally enhanced to show potential. Priced to
sell fast.
Unit Size
1,143 Ft²
Days on Market
35 days
Land Size
0.13 acres
Price per sqft
$349
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986
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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: 5 months ago (CRMLS #SW20096041)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2020 | Sold | ||
| Sold | |||
| May 21, 2020 | Listed by Reliable Realty Inc. | $399,000 | |
| Listed by Reliable Realty Inc. | |||
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 Temecula
Similar Homes for Sale
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Listed by: Kellee Spillman-Malone, Reliable Realty Inc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW20096041
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW20096041
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