$400,000
●
House -
Off Market
29219 Falling Water Drive
Menifee, CA 92585
3 Beds
2 Baths
2,466 Ft²
$579,450
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
Welcome Home!! CHECK OUT OUR VIRTUAL TOUR!! This beautiful 3
bedroom 2 bath home with the option to have a 4th bedroom has
everything you need. Extra Large kitchen with tons of cabinets and
a huge island perfect for entertaining or simply eating! . Giant
open concept living room perfect for any size family. Separate
office and formal dining room for your entertaining. A Third
car garage that has been converted into enclosed storage room. Not
to mention the built in patio cover with fans perfect for outdoor
entertaining. This home is the perfect family house!! Did I
mention, Heritage Lakes features a lot of amenities such as
fishing in the lake, paddle boats,Enclosed clubhouse, swimming
pool, slash park endless walking trails and multiple parks. For
those families with young scholars, you'll be happy to know this
home is centrally located within walking distance from excellent
schools such as Heritage HS, Hans Christensen MS, and Mesa View ES.
So, there you have it folks...come experience this truly one of a
kind home in one of the best communities in Menifee. You won't be
disappointed.
Unit Size
2,466 Ft²
Days on Market
68 days
Land Size
0.17 acres
Price per sqft
$166
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
2007
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Cap Rate
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: 4 months ago (CRMLS #IV20043895)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2020 | Sold | ||
| Sold | |||
| Feb 28, 2020 | Listed by WINDERMERE R.E. TOWER PROP. | $410,000 | |
| Listed by WINDERMERE R.E. TOWER PROP. | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Menifee
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Listed by: RHONDA SMITH, WINDERMERE R.E. TOWER PROP.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV20043895
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV20043895
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