$320,000
●
House -
Off Market
27467 Potomac Drive
Menifee, CA 92586
2 Beds
2 Baths
1,370 Ft²
$462,116
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
Very nice single-story 55+ senior home located in the
highly-desired Serenade Community of Menifee. RV parking, no
neighbors behind & views of Salt Creek! New interior paint &
carpet! Great two bedrooms, two baths and 2 car garage Plan 2
floorplan with form. dining room & nice living area including
fireplace. Very nice landscaped backyard with grass and hardscape.
Indoor laundry room is conveniently located next to the large,
cabinet-filled eat-in kitchen. Space to park 3 vehicles in
driveway. Home is located near the Cherry Hills Shopping Center
with dining, banking, retail, library and medical facilities, &
benefits from the close proximity to the Menifee Global Medical
Center and coming Menifee Town Center. Minutes to the I215 fwy &
Cherry Hills Golf Course. No HOA fee and very low taxes!
"Please follow all guidelines pertaining to Cov19 regulations."
Unit Size
1,370 Ft²
Days on Market
69 days
Land Size
0.19 acres
Price per sqft
$237
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1991
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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: 4 months ago (CRMLS #SW20033664)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2020 | Sold | ||
| Sold | |||
| Feb 14, 2020 | Listed by Rancon Real Estate-Murrieta | $325,000 | |
| Listed by Rancon Real Estate-Murrieta | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Sun City
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Listed by: Glenn Kean, Rancon Real Estate-Murrieta
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20033664
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20033664
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