29212 Summerset Drive
About This Property
Spanning 1,523 sq ft on a spacious 7,405 sq ft lot, the property features three bedrooms, two bathrooms, a separate living room for relaxation, and a dining area ideal for gatherings. The kitchen awaits your personal touch, offering a canvas for culinary creativity.
Outside, the backyard is a private retreat, complete with a covered patio for enjoying the outdoors in any weather, an assortment of fruit trees for a touch of nature, and RV access for your travel convenience. This home combines the opportunity for personal customization with the benefits of living in a community-focused, age-restricted environment.
Located in the heart of Menifee, this residence is more than just a house-it's a potential forever home where comfort meets compliance with community standards, ensuring a lifestyle of peace and quietude. Don't miss out on this unique opportunity to be part of a special neighborhood designed with mature living in mind.
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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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | Listed by Windermere Tower Properties | $445,000 | |
| Listed by Windermere Tower Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017