$395,000
●
House -
Off Market
29363 Carmel Road
Menifee, CA 92586
2 Beds
2 Baths
1,298 Ft²
$1,876
Est. Monthly
$34
HOA / Fees
7.07%
Cap Rate
About This Property
Turnkey and UPDATED Menifee home in a beautiful 55+ community!
Lots of EXPENSIVE improvements have been completed on the
home. NEW HVAC installed in 2018, NEW roof installed in 2022,
NEW energy efficient windows installed in 2019! New vinyl plank
flooring and baseboards in 2019. New interior paint in 2019.
NEW exterior paint 2024. New front yard rock installed 2024.
Excellent floorplan with a spacious family room, a cozy kitchen with refreshed kitchen cabinets, updated countertops, and updated appliances!
There are 2 spacious bedrooms, the primary bedroom has a slider to the backyard and the second bedroom is great in size! The primary bathroom was just remodeled with a brand new custom step in tiled shower, updated vanity, toilet, and fixtures. The hall bathroom was recently updated with new vanity, lighting, toilet and fixtures. There is an excellent sunroom located off the back of home that flows perfectly, could be used as an office or secondary living space. There is an attached 1 car garage, plus an indoor laundry room. Excellent backyard with a covered patio, block wall fencing for privacy and all nicely landscaped!
Excellent floorplan with a spacious family room, a cozy kitchen with refreshed kitchen cabinets, updated countertops, and updated appliances!
There are 2 spacious bedrooms, the primary bedroom has a slider to the backyard and the second bedroom is great in size! The primary bathroom was just remodeled with a brand new custom step in tiled shower, updated vanity, toilet, and fixtures. The hall bathroom was recently updated with new vanity, lighting, toilet and fixtures. There is an excellent sunroom located off the back of home that flows perfectly, could be used as an office or secondary living space. There is an attached 1 car garage, plus an indoor laundry room. Excellent backyard with a covered patio, block wall fencing for privacy and all nicely landscaped!
Unit Size
1,298 Ft²
Days on Market
24 days
Land Size
0.17 acres
Price per sqft
$289
Property Type
House
Property Taxes
-
HOA Dues
$34
Year Built
1963
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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: 3 years ago (CRMLS #SW24154193)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | Listed by Home Huntress Real Estate | $374,990 | |
| Listed by Home Huntress Real Estate | |||
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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Type
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Baths
ft²
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HOA + Taxes
About Sun City
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Listed by: Raejean Belsaguy, Home Huntress Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SW24154193
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SW24154193
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