Listed by: Kimberly Ingram, Allison James Estates & Homes- Kimberly Ingram
$340,000
●
House -
Off Market
28360 Corte Magdalena
Menifee, CA 92586
2 Beds
2 Baths
1,077 Ft²
$1,723
Est. Monthly
$9
HOA / Fees
7.53%
Cap Rate
About This Property
Welcome to this beautiful single-story home situated in a quiet and
sought-after 55+ community. This home features 2 bedrooms and 2
bathrooms. Upon entering you're greeted with an inviting open
living room with tons of natural light, creating a warm and
welcoming ambiance. The kitchen boasts a delightful garden window
overlooking the lush surroundings, and with ample counter space and
storage, meal prep is a breeze. The spacious bedrooms provide ample
space for relaxing. Outside, enjoy your covered backyard patio and
pool-sized yard, perfect for our beautiful Southern California
weather. The low-maintenance front and back yards ensure easy
upkeep. A newer HVAC system has been recently installed.
Conveniently located near shopping, dining, and freeway access, and
medical center. This is a perfect property to retire in or even use
as a rental.
Unit Size
1,077 Ft²
Days on Market
33 days
Land Size
0.15 acres
Price per sqft
$324
Property Type
House
Property Taxes
-
HOA Dues
$9
Year Built
1989
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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 #SW24175499)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Sep 1, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by Allison James Estates & Homes- Kimberly Ingram | $349,000 | |
| Listed by Allison James Estates & Homes- Kimberly Ingram | |||
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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Type
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Baths
ft²
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Sold On
Sold On
HOA + Taxes
About Menifee
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Listed by: Kimberly Ingram, Allison James Estates & Homes- Kimberly Ingram
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SW24175499
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SW24175499
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