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29588 Cambridge Drive
About This Property
Inside, you'll find vaulted ceilings and large picture windows that bring in plenty of natural light while maintaining a private feel. Custom ceramic tile flooring runs throughout, and the open, easy-flow layout is perfect for both everyday living and casual entertaining.
2 car garage and side door to the exterior of the home with security screen doors on both access doors.
The open-concept kitchen is equipped with upgraded stainless steel appliances, a gas range, double oven, tile countertops, and a center island. It flows seamlessly into the inviting family room with a cozy fireplace, creating a warm and connected space.
Step outside to a garden-inspired backyard with colorful landscaping-perfect for relaxing in your own private outdoor retreat. The side yard offers approximately 12 feet of space, providing excellent potential for RV access. New vinyl fencing has been installed on the side of the property including side gate.
Additional highlights include NO HOA, and low property taxes.
Conveniently located near shopping, dining, this home is ideal in the heart of Menifee.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Sold | ||
| Sold | |||
| Sep 28, 2026 | In contract | - | |
| In contract | |||
| Sep 21, 2026 | Price Decreased |
$540,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Sep 12, 2026 | Price Decreased |
$550,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Aug 8, 2026 | Relisted | $555,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017