$240,000
●
House -
Off Market
2942 Rainbow Lane
Banning, CA 92220
3 Beds
2 Baths
1,289 Ft²
$366,480
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
BEAUTIFUL SERRANO DEL VISTA HOME IN 55+ GATED COMMUNITY. HOME
FEATURES 3 BDRM, 2 FULL BA @ 1289 SF. LIVING ROOM ENTRY WITH
SEPARATE DINING IN KITCHEN. WHITE TILE COUNTER TOPS WITH
PLENTY OF CUPBOARDS. BUILT-IN DISHWASHER (VERY RARELY USED)
AND MICROWAVE. GAS FIREPLACE LOCATED IN LIVING ROOM (STILL
BRAND NEW - NEVER USED). CARPETED FLOORING THROUGHOUT WITH
LINOLEUM FLOORS IN KITCHEN/DINING AREA AND BOTH BATHROOMS.
OUTSIDE OF HOME WAS PAINTED IN FEBRUARY 2017, NEW GARAGE DOOR
IN 2017 AND A NEW PATIO COVER WAS ADDED IN 2017. DESERT ROCK
LANDSCAPING IN FRONT AND BACK. OWNER HAD CEMENT WORK WITH
WALKWAY ON BOTH SIDES OF THE HOME. CLOSE TO FREEWAY AND
SHOPPING. MORONGO CASINO AND CABAZON DESERT HILLS SHOPPING IS
JUST MINUTES AWAY.
Unit Size
1,289 Ft²
Days on Market
113 days
Land Size
0.10 acres
Price per sqft
$190
Property Type
House
Property Taxes
-
HOA Dues
$140
Year Built
2004
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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 #EV18272084)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 4, 2019 | Sold | ||
| Sold | |||
| Nov 11, 2018 | Listed by SUN LAKES REALTY, INC | $245,000 | |
| Listed by SUN LAKES REALTY, INC | |||
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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Sold On
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HOA + Taxes
About Banning
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Listed by: CAROLYN BURTON, SUN LAKES REALTY, INC
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV18272084
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV18272084
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