27229 Hideout Court
About This Property
The main home showcases 4 bedrooms upstairs, including a large guest bathroom with a double sink vanity, separate tub/shower room, and a dedicated space for the toilet. A giant loft area adds additional living or entertainment space. The luxurious main bedroom features an oversized bathroom with a separate garden tub, shower, dual sink vanity, and a dropped makeup vanity. The bedroom itself is also oversized, complete with an attached suite that can serve as a study, exercise room, or auxiliary bedroom.
Custom lighting and ceiling fans are installed throughout the entire home, along with plantation shutters for a polished finish. The home also includes a whole-house fire sprinkler system for added safety, as well as energy-efficient solar panels.
Downstairs, the open-concept living space impresses with luxury vinyl flooring and vaulted ceilings. The formal dining room, private office, and spacious great room are complemented by a gourmet kitchen with granite countertops, upgraded stainless steel appliances, double ovens, and a large walk-in pantry. Perfect for entertaining, this kitchen provides plenty of space for gatherings.
This energy-efficient home comes equipped with PAID OFF Solar, two tankless water heaters, recessed lighting, low-flow toilets and showers, and smart home technology, including an invisible smart lock, smart garage controls, and a smart thermostat. Outside, the fully custom backyard features a massive pool, jacuzzi, and a decorative tile wall with waterfall features. With no HOA and close proximity to schools, shopping, and dining, this home offers luxury, convenience, and space in a prime Menifee location.
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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 |
|---|---|---|---|
| Jan 24, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | Price Decreased |
$949,700
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | Listed by RE/MAX Empire Properties | $975,000 | |
| Listed by RE/MAX Empire Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017