1
Map
$346,000
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House -
Off Market
29790 Painted Desert Drive
Menifee, CA 92584
3 Beds
2 Baths
1,488 Ft²
$494,511
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
Welcome to this Charming Single Story 3 Bedroom, 2 Bathroom home in
Menifee. As you enter the home you are met with an open floor plan,
tile flooring, neutral paint throughout, high vaulted ceilings,
tons of natural lighting and more. The spacious kitchen offers tons
of countertop and cabinet space, bar seating and is open to the
great/family room which offers a cozy fireplace. The breakfast nook
has direct access to the beautiful well manicured backyard, which
offers covered patio, lush green garden and tons of room for play.
The spacious master bedroom and bathroom offers a large walk-in
closet, dual vanity sink and tub shower combo. This beautiful home
has Low taxes and low HOA Fees! Close to the freeway, shopping,
restaurants, parks & schools! Great home for first time home
buyers!
Unit Size
1,488 Ft²
Days on Market
38 days
Land Size
0.12 acres
Price per sqft
$235
Property Type
House
Property Taxes
-
HOA Dues
$20
Year Built
1998
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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 #SW20075726)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2020 | Sold | ||
| Sold | |||
| Apr 20, 2020 | Listed by Performance Estates & Homes | $349,900 | |
| Listed by Performance Estates & Homes | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Menifee Lakes Coutry Club
Similar Homes for Sale
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Listed by: Jim Holbrook, Performance Estates & Homes
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20075726
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20075726
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