29138 Derby 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 |
|---|---|---|---|
| Apr 1, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Relisted | $680,000 | |
| Relisted | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by Full Value Property Management | $699,900 | |
| Listed by Full Value Property Management | |||
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Big Price Improvement! Don’t miss this opportunity to own a well-maintained home in the heart of Murrieta. This property features an attached 2-car garage plus a convenient drive-thru gate offering additional parking and storage space for a car, boat, or RV (buyer to verify permitted uses with the city).
The kitchen is designed for both function and style, showcasing granite countertops, stainless steel appliances, and generous cabinet and counter space. Inside, hard-surface flooring throughout provides durability and easy maintenance.
The primary bedroom offers peaceful views of the surrounding hills, while a spacious upstairs bonus room provides flexible living space; perfect for a media room, home office, playroom, or second living area.
Thoughtfully designed, the home includes one bedroom on the main level, ideal for guests or multigenerational living, while the remaining bedrooms are located upstairs. A convenient half bathroom is also located on the main floor.
Step outside to a private backyard with scenic hill views and space to relax or entertain.
Ideally located near schools, parks, shopping centers, and walking trails, this home offers both comfort and convenience.
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About Murrieta
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017