28187 Meadowsweet Drive
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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%.
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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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Jul 23, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Price Decreased |
$459,900
↓ $20K
(4.2%) | |
| Price Decreased | |||
| May 27, 2025 | Listed by KW Temecula | $479,900 | |
| Listed by KW Temecula | |||
| | |||
|
PRICE REDUCED on this smartly upgraded and well cared for Ibiza model in The Oasis 55+ active adult community of Menifee. With 2 bedrooms & 2 full bathrooms, this 1297 sq ft home reflects pride of ownership throughout with features including tile flooring, new carpet, new interior paint and a recent upgrade to the vanity and sink of the 2nd bathroom. As you enter, you are greeted by the spacious main living area which in turn is adjacent and open to the dining area and open kitchen featuring granite countertops. Glass sliders lead from the dining area to the covered patio and a neatly landscaped, private backyard. The large primary bedroom also has glass sliding doors that open to the quiet back yard and covered patio. The primary bathroom features dual sinks, a separate tub and shower and a spacious walk in closet. The second bedroom is on the opposite side of the home, just off the entry area, with full a bathroom adjacent. The indoor laundry room leads to the 2 car garage for easy access. The Oasis accommodates any lifestyle, whether you prefer quiet and peaceful or active and highly social, the community has a full slate of activities and amenities including pool, spa, pickle ball courts, clubhouse, fitness room and more. See this home conveniently located in the center of this highly desirable community, close to shopping, services and major transportation.
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| Apr 27, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017