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27964 Lemonwood
About This Property
Step inside to a bright and spacious living room is centered around a warm fireplace with a built-in media niche and sliding glass doors leading to the backyard, creating the perfect space for relaxing or entertaining. The formal dining area flows seamlessly into the well-appointed kitchen, complete with stone tile countertops, abundant cabinet space, and a charming breakfast nook.
The oversized primary suite offers a peaceful retreat with high ceilings, private sliding door access to the backyard, a large walk-in closet, and an en-suite bathroom featuring dual sinks and plenty of storage. Outside, the expansive side yard is beautifully landscaped and meticulously maintained, offering extra outdoor space rarely found in the community. Conveniently located near shopping, dining, golf courses, and medical facilities, this home is a fantastic opportunity to enjoy comfortable and convenient 55+ living in the heart of Menifee.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Sold | ||
| Sold | |||
| Jun 7, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Price Decreased |
$435,000
↓ $15K
(3.3%) | |
| Price Decreased | |||
| May 9, 2026 | Listed by Team Forss Realty Group | $450,000 | |
| Listed by Team Forss Realty Group | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017