29787 Berea Road
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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%.
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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 |
|---|---|---|---|
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Listed by Realty ONE Group Southwest | $510,000 | |
| Listed by Realty ONE Group Southwest | |||
| | |||
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Beautifully updated single-story 3 bedroom, 2 bath home nestled on a quiet street in Menifee. Offering 1,188 sq. ft. of living space on a spacious 7,405 sq. ft. lot, this home combines charm, comfort, and modern upgrades.
Step inside to find a beautifully updated kitchen with stylish finishes, Quartze countertops, custom cedar backsplash and plenty of cabinet space. The open-concept living room features a cozy stone-faced fireplace, matching the garage’s stone accents for seamless curb appeal. Sliding glass doors lead to the large backyard with a covered patio, mature shade tree, and no rear neighbors, providing privacy and space for outdoor enjoyment.
The primary suite boasts high windows that fill the room with natural light, while both bathrooms are generously sized. A new HVAC system ensures year-round comfort, while solar helps keep energy costs low.
Located within a short walk to Audie Murphy Ranch’s Spirit Park Sports Park, and close to the 215 Freeway, Menifee Town Center, local dining, and shopping, this home offers both serenity and convenience.
Don’t miss this rare opportunity to own a move-in ready, updated home with a private backyard retreat in a desirable neighborhood at a price that can't be beat! Solar Contract available for review upon request.
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| Jul 13, 2023 | No longer available | - | |
| No longer available | |||
| Jun 25, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017