28664 Bridge Water Lane
About This Property
The main floor includes a convenient bedroom, half bath, and indoor laundry room. Upstairs, unwind in the spacious primary suite with an en-suite bath, dual sinks, soaking tub, and walk-in closet. Sip your morning coffee on the private balcony overlooking the lake. Two additional bedrooms share a well-appointed full bath.
Menifee Lakes offers the ultimate lakeside lifestyle, with a 2.3-mile scenic path, fishing, paddle boating, and exclusive access to the Beach Club's pool, water slide, sandy shores, and more. This well-maintained home includes a newer furnace and AC unit, ensuring year-round comfort.
With LOW TAXES, NO MELLO ROOS, and a LOW HOA, plus easy access to the 215 freeway, schools, dining, entertainment, and Temecula's renowned wineries, this is lakeside living at its finest. Don't miss this rare opportunity-schedule your viewing today!
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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 |
|---|---|---|---|
| Jan 26, 2025 | Price Increased |
$565,000
↑ $15K
(2.7%) | |
| Price Increased | |||
| Jan 22, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2024 | No longer available | - | |
| No longer available | |||
| Oct 21, 2024 | Listed by eXp Realty of Southern California, Inc. | $559,000 | |
| Listed by eXp Realty of Southern California, Inc. | |||
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About Menifee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017