28480 Merridy
About This Property
Down the hall, you'll find two spacious bedrooms and a full bath, while the primary suite is tucked away for privacy with its own bath and ample closet space. Don't miss the bonus room, perfect for a home office, kids' playroom, or optional fourth bedroom. There is no HOA, low tax rate, walking distance to Highland Grove Elementary and Beattie Middle schools within the highly sought after Redlands School district. With easy access to shopping, the new Costco, 10 /210 freeway's, and great local dining spots, this home truly has it all-comfort, charm, and convenience.
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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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2025 | Listed by Berkshire Hathaway Homeservices California Realty | $509,900 | |
| Listed by Berkshire Hathaway Homeservices California Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017