$296,200
●
House -
Off Market
27836 Hillpointe Drive
Menifee, CA 92585
3 Beds
2 Baths
1,207 Ft²
$437,666
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Charming single story 3 bedroom, 2 bath home located in the
established community of Hillpointe in Menifee. The
open-concept floor plan offers over 1200 sqft of living space with
carpeted family room with fireplace that opens to the tiled kitchen
and family dining area. Vaulted ceilings in the family room
which also gives access to the rear yard with covered patio- great
for entertaining. Kitchen pass-through could also be used as
a breakfast counter/bar, has tiled counters, gas cooking and plenty
of cabinet and counter space plus a separate exit to side yard from
kitchen. Master bedroom with ceiling fan and vaulted ceilings
plus shower-in tub master bath. Sizeable guest rooms and
indoor laundry. Attached 2-car garage. Recently
upgraded with new windows, new furnace, new water heater, new
exterior paint. Low HOA and community amenities include
pool/spa, clubhouse, sport court with basketball hoop, picnic
tables/area and playground. Leased Solar. Low taxes!!! Hero lien
will be paid off by the seller.
Unit Size
1,207 Ft²
Days on Market
44 days
Land Size
0.11 acres
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
$65
Year Built
1988
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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 #SW19228933)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2019 | Sold | ||
| Sold | |||
| Sep 30, 2019 | Listed by Allison James Estates & Homes | $299,000 | |
| Listed by Allison James Estates & Homes | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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Sold On
Sold On
HOA + Taxes
About Menifee
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Listed by: Mike Brisson, Allison James Estates & Homes
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19228933
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19228933
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