28611 Milky Way
About This Property
You are embraced by a large, warm entryway with a view of the formal living room and lots of natural light. To the left, is the open concept kitchen and living room featuring an impressive custom travertine fireplace. The kitchen has been updated with beautiful granite countertops, stainless steel appliances, vaulted recessed lighting and fantastic walk-in pantry. Plantation shutters give you light or privacy. Over the kitchen sink you are able to see into the lovely formal dining room, which boasts full French doors for easy patio access. The hallway offers large built-in cabinetry for additional storage. Each large bedroom has new Berber carpet and updated door hardware and fans throughout. The master retreat has its own private patio access, large walk-in closet and custom marble bathroom with updated flooring and spacious walk-in frameless glass shower.
This enchanting home is bursting with character and must be seen in person to appreciate! It has been well cared for and is ready for you! Located close to the 215 and 15 freeways in the Menifee School District. No HOA! Low taxes! Act now as this home is priced to sell and located in a highly desirable neighborhood!
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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 |
|---|---|---|---|
| Dec 1, 2017 | Sold | ||
| Sold | |||
| Oct 29, 2017 | Listed by Allison James Estates & Homes | $329,900 | |
| Listed by Allison James Estates & Homes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017