$375,000
●
House -
Off Market
28170 Bavaria Drive
Menifee, CA 92585
2 Beds
2 Baths
974 Ft²
$1,912
Est. Monthly
$70
HOA / Fees
6.98%
Cap Rate
About This Property
SELLER HAS MADE AN AMAZING **PRICE ADJUSTMENT** OF $20,000 ON THIS
CHARMING RETIREMENT HOME IN THE SOUGHT-AFTER 55+ COMMUNITY OF
**CASA BLANCA VILLAS!!.** GREAT CURB APPEAL AND EASY TO
MAINTAIN LANDSCAPING. LIGHT AND BRIGHT KITCHEN THAT HAS BEEN
UPGRADED WITH QUARTZ COUNTERS, NEW STAINLESS SINK, NEW MICROWAVE,
NEW PAINT, NEW TILE BACKSPLASH AND NEW RECESSED LIGHTING.
NEWLY INSTALLED LUXURY VINYL LAMINATE FLOORING THROUGHOUT THE
HOME!! THERE IS A NEW FAN IN THE DINING AREA OFF OF KITCHEN. THE
BACKYARD IS A RELAXING SPACE WITH ROOM TO ENTERTAIN.
BEAUTIFUL COVERED PATIO! SLIDING GLASS DOOR TO PATIO
FROM EACH BEDROOM. CASA BLANCA VILLAS HAS A BEAUTIFUL
CLUBHOUSE AND THE AMENITIES ARE NUMEROUS....POTLUCKS, BINGO, BUNKO,
CARD GAMES, LOTS OF HOLIDAY ACTIVITIES AND AN **OLYMPIC SIZE POOL**
WITH SPA!! ALSO AVAILABLE FOR YOUR ENJOYMENT ARE TENNIS COURTS, BBQ
AREAS, BILLIARD ROOM, EXERCISE ROOM, SHUFFLEBOARD AND MORE! DON'T
MISS THIS GREAT OPPORTUNITY!!
Unit Size
974 Ft²
Days on Market
119 days
Land Size
0.08 acres
Price per sqft
$385
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
1990
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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: 3 years ago (CRMLS #SW24071968)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | Listed by Coldwell Banker Assoc.Brkr-Mur | $375,000 | |
| Listed by Coldwell Banker Assoc.Brkr-Mur | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Menifee
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Listed by: Shirley Woods, Coldwell Banker Assoc.Brkr-Mur
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SW24071968
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SW24071968
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