$345,000
●
House -
Off Market
29297 Riptide Drive
Menifee, CA 92585
3 Beds
2 Baths
1,662 Ft²
$528,687
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model
About This Property
Welcome to the beautiful community of Heritage Lake. This single
story home features 3 bedrooms, 2 bathrooms, 1,662 sqft. Sits on a
corner lot. As you enter the home you will find 2 large bedrooms
with new laminate floors, new paint, and ceiling fans in both
rooms. There is also a full bath conveniently located down the hall
for the guest. Further down the hall you will find a large inside
laundry room complete with new floors, and new paint as well as
access to the 2 car garage. The best part of the home is the very
large open concept kitchen that features granite counter tops, new
appliances, new floors, new paint, and access to the fireplace and
private backyard. Off the family room, you will find the large
master bedroom, complete with new floors, new paint and a new
en-suite with a separate bath and shower, 2 sinks and a large walk
in closet. This home sits on a quiet street that is walking
distance from the elementary school, the lake and the HOA
amenities. It is close to shopping, and freeway. Low HOA. SELLER IS
WILLING TO HELP WITH CLOSING COST.
Unit Size
1,662 Ft²
Days on Market
84 days
Land Size
0.16 acres
Price per sqft
$209
Property Type
House
Property Taxes
-
HOA Dues
$80
Year Built
2011
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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 #SW18235760)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2022 | No longer available | - | |
| No longer available | |||
| Feb 10, 2022 | In contract | - | |
| In contract | |||
| Dec 16, 2021 | Price Decreased |
$550,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
| Nov 20, 2021 | Price Decreased |
$554,000
↓ $11K
(2%) | |
| Price Decreased | |||
| Oct 12, 2021 | Listed by OPENDOOR BROKERAGE INC. | $565,000 | |
| Listed by OPENDOOR BROKERAGE INC. | |||
| | |||
|
Built in 2011, this Menifee one-story corner home offers a patio, and a two-car garage. The manager has listed the unit size as 1662 square feet.
| |||
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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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ft²
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About Menifee
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Listed by: Jennypher Moore, Coldwell Banker Assoc Brkr-SC
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW18235760
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW18235760
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