Listed by: Paul Jensen, Paul Jensen, Broker
$460,000
●
House -
Off Market
28905 Raintree Drive
Menifee, CA 92584
3 Beds
2 Baths
1,560 Ft²
$2,618
Est. Monthly
$310
HOA / Fees
6.61%
Cap Rate
About This Property
BACK ON THE MARKET!! UNBEATABLE PRICE!
This beautiful home will give resort-style living to clients looking for the best in retirement lifestyle at the Oasis, Menifee's preeminent 55+ community. Just re-painted and new carpet installed--looks fabulous! Surrounded by Menifee Lakes County Club where the seller hit not one but two holes-in-one! The good-sized third bedroom is being used today as a den. Loads of natural light stream through the plantation shutters making the home especially pleasant. The backyard has a fantastic built in patio to keep you dry in the rain. The beautiful lawn in the front is watered and maintained by the HOA, who also provides trash service. New shopping and dining opportunities are constantly being added to this growing area, freeway close to San Diego and Orange County with unlimited recreation opportunities. Ceiling fans in every room. Fireplace in living room.
This beautiful home will give resort-style living to clients looking for the best in retirement lifestyle at the Oasis, Menifee's preeminent 55+ community. Just re-painted and new carpet installed--looks fabulous! Surrounded by Menifee Lakes County Club where the seller hit not one but two holes-in-one! The good-sized third bedroom is being used today as a den. Loads of natural light stream through the plantation shutters making the home especially pleasant. The backyard has a fantastic built in patio to keep you dry in the rain. The beautiful lawn in the front is watered and maintained by the HOA, who also provides trash service. New shopping and dining opportunities are constantly being added to this growing area, freeway close to San Diego and Orange County with unlimited recreation opportunities. Ceiling fans in every room. Fireplace in living room.
Unit Size
1,560 Ft²
Days on Market
172 days
Land Size
0.14 acres
Price per sqft
$301
Property Type
House
Property Taxes
-
HOA Dues
$310
Year Built
1999
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #NP24226062)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Nov 1, 2024 | Listed by Paul Jensen, Broker | $469,900 | |
| Listed by Paul Jensen, Broker | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Menifee Lakes Coutry Club
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Listed by: Paul Jensen, Paul Jensen, Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NP24226062
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NP24226062
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