2851 Blue Spruce 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 |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | Listed by Regency Real Estate Brokers | $299,990 | |
| Listed by Regency Real Estate Brokers | |||
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Welcome to Seven Hills, a vibrant 55-plus community nestled in Hemet, CA. This beautifully maintained manufactured home sits proudly on a permanent 433 foundation, featuring an open floor plan that showcases breathtaking views of the surrounding hills. Built by Pacific Living Systems, it’s designed with entertainment in mind. The home boasts newer dual pane windows, newer paint, newer blinds with an attached two-car garage and a separate workshop, perfect for hobbies and extra storage. Inside, you'll discover two cozy bedrooms and two bathrooms, a spacious laundry room, a warm den with a fireplace, and a well-equipped kitchen complete with a charming dining booth. The living room offers stunning panoramic views, while the master bedroom includes a generous walk-in closet and an ensuite bathroom with both a luxurious tub and a convenient step-in shower. This home radiates comfort and hospitality—you’re sure to fall in love!
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| Apr 17, 2020 | Sold | ||
| Sold | |||
| Feb 21, 2020 | Listed by Century 21 McDaniel & Assoc. | $218,750 | |
| Listed by Century 21 McDaniel & Assoc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017