29270 Morena Villa 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%.
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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 7, 2021 | No longer available | - | |
| No longer available | |||
| May 28, 2021 | In contract | - | |
| In contract | |||
| May 17, 2021 | Listed | $369,900 | |
| Listed | |||
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Welcome home to this immaculate RARE single-story home with attached two car garage, located in the desirable East Highlands Ranch area in the Club View Villas and is located within the Redlands School District. This beautiful home offers vaulted ceilings, two spacious bedrooms, two full bathrooms, laundry area, an open concept family room with fireplace, separate dining room, nice sized kitchen with lots of cabinets and counter space and breakfast bar area. In the back yard is an oversized partially covered, low-maintenance patio that is fenced in and offers lots of privacy which makes it great for entertaining. The master bedroom offers a walk-in closet, while the master bath offers dual vanities and tub and shower combo. The spacious guest bedroom offers a large closet, and the guest bath offers a tub and shower combo. There are newer light fixtures throughout, nice carpet and tile throughout, lots of windows, worry-free landscaping in the front, mountain views with the San Bernardino National Forest backdrop, and the property is just a quick drive to Lake Arrowhead and Big Bear Lake. The community amenities include club houses, pools and spas, kids’ pool, redone basketball courts, pickle ball courts, tennis courts, walking paths, hiking trails, picnic areas, catch and release lake, kids’ playground, sand volleyball, and orange groves where you can pick fresh oranges daily. Make your appointment today to view this beautiful turnkey home today, before it’s too late. The manager has listed the unit size as 1160 square feet.
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| Apr 29, 2019 | Sold | ||
| Sold | |||
| Mar 29, 2019 | Listed by RITA SHAW BROKER & ASSOCIATES | $295,000 | |
| Listed by RITA SHAW BROKER & ASSOCIATES | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017