29516 Westwind Drive
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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 |
|---|---|---|---|
| Jul 16, 2020 | Sold | ||
| Sold | |||
| May 24, 2020 | Listed by MOVOTO, INC. | $430,000 | |
| Listed by MOVOTO, INC. | |||
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Turnkey 4 bedroom, 2 bathroom single story home located in community of Northshore in Lake Elsinore. This home features 2000 square feet of living space and has an open feel to it. This home features beautiful hardwood flooring throughout, crown moulding, and wainscoting. Entering the home there is a formal room and a dining room that are both carpeted. As you enter the kitchen you will notice the open layout of the kitchen as it opens up to the living room. There is a fireplace in the living room. The kitchen features a large center island that can also double as an eating area, upgraded with granite counters with an elegant tile backsplash. The hallway bathroom has dual sinks. There is an individual laundry room. Each of the bedrooms has ample space, and are all carpeted. The master bathroom has dual sinks with an upgraded vanity that leads to the large walk in closet. The outdoor patio features a large Alumawood patio cover with ceiling fans that provides plenty of shade. The backyard is perfect for entertaining and there is a gas fire pit that is great for entertaining. The HVAC system for this home either was replaced less than a year ago. There is also an EV car charger in the garage perfect for those that drive electric cars. The property taxes are low, and best of all, there is no HOA. This home is located minutes away from the 15 freeway, and conveniently located to schools and nearby shopping. Make this great home yours today!
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| Feb 15, 2018 | Sold | ||
| Sold | |||
| Jan 9, 2018 | Listed by California Realty Experts | $394,900 | |
| Listed by California Realty Experts | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017