$369,000
●
House -
Off Market
29347 Riptide Drive
Menifee, CA 92585
3 Beds
2 Baths
1,662 Ft²
$540,461
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
This gorgeous move-in-ready Single-Story home is located in the
desirable community of Heritage Lake, City of Menifee! It features
3 Bedrooms, 2 Bathrooms with living area of 1662 sqft. Custom
Kitchen with Upgraded Granite Counter Tops, Center Island,
Stainless Steel Appliances, Crown Molding, Custom Tiles, Ceiling
Fans, Gas Fireplace, Beautiful Landscaping Front & Back Yard.
Heritage Lake amenities include several Large Parks, Playgrounds,
Baseball & Basket Ball Courts, Walking Trails, Community Clubhouse
& Community Pool with Splash Pad. The Lake allows Paddle Boating
and Catch & Release Fishing for residents. Nearby Shopping
Centers, 215 freeway, restaurants etc. This beautiful home will not
last for too long. Must see it!
Unit Size
1,662 Ft²
Days on Market
53 days
Land Size
0.14 acres
Price per sqft
$222
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
2009
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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: 5 months ago (CRMLS #AR19200521)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2019 | Sold | ||
| Sold | |||
| Aug 21, 2019 | Listed by IRN Realty | $369,000 | |
| Listed by IRN Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Sold On
HOA + Taxes
About Menifee
Similar Homes for Sale
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Listed by: Karen Wu, IRN Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# AR19200521
Last Updated: 5 months ago
Data Source: CRMLS, MLS# AR19200521
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