28775 Bridge Water Lane
About This Property
Freshly updated with NEW interior paint and NEW carpet, the home is move-in ready and waiting for its new owners. Tile flooring in the kitchen and bathrooms provides easy-care durability, while the comfortable floor plan offers plenty of space for everyday living and entertaining.
Enjoy the lifestyle that makes Menifee Lakes such a special place to call home! Community amenities include a sparkling pool with sandy beach entry, beautiful lake with scenic walking and biking paths, catch-and-release fishing, parks, clubhouse and more.
The location is hard to beat! Conveniently situated near the 215 Freeway, shopping, restaurants, schools and major commuter routes, with the Menifee Library and Mt. San Jacinto College just a short walk away. And when you're ready for a weekend getaway, Temecula Wine Country is only a short drive from home.
Corner lot. Fresh updates. Fantastic Menifee Lakes location. Don't miss your opportunity to see this wonderful home!
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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 |
|---|---|---|---|
| Oct 14, 2026 | In contract | - | |
| In contract | |||
| Oct 2, 2026 | Price Decreased |
$524,900
↓ $24K
(4.4%) | |
| Price Decreased | |||
| Aug 12, 2026 | Listed by Menifee Real Estate Group | $549,000 | |
| Listed by Menifee Real Estate Group | |||
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About Menifee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017