27986 Moonridge Drive
About This Property
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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 |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Listed by Trillion Real Estate | $489,000 | |
| Listed by Trillion Real Estate | |||
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Welcome to 27986 Moonridge Drive, a beautifully updated home in the desirable Hillpointe Community of Menifee, California. This charming 3-bedroom, 2-bathroom residence spans 1,207 sq ft on a low-maintenance 4,356 sq ft lot. As you enter, you’ll be greeted by a bright open-concept living area with vaulted ceilings and a cozy fireplace. The updated kitchen features white cabinetry, stainless steel appliances, and upgraded countertops, perfect for culinary endeavors. The master suite offers a private retreat with an en-suite bathroom, while two additional bedrooms provide ample space for family, guests, or a home office. Sliding glass doors lead to a private backyard, creating a seamless indoor-outdoor living experience. Residents of the Hillpointe Community enjoy amenities such as a sparkling pool, spa, playground, and sports court, all for a reasonable HOA fee per month. With low taxes and a convenient location near shopping, dining, and major commuter routes, this home is an excellent opportunity for comfortable and affordable living in Menifee. Don’t miss the chance to make this delightful property your own!
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| Dec 12, 2017 | Sold | ||
| Sold | |||
| Sep 27, 2017 | Listed by REMAX Estate Properties | $269,900 | |
| Listed by REMAX Estate Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017