29875 Proud Land Drive
About This Property
Welcome to 29875 Proud Land Drive - Resort-Style Living in One of Menifee's Most Desirable Communities!
In today's rate environment, this home offers a rare opportunity: a 2.625% assumable interest rate*. Combine that with a fully paid-off solar system, and this home offers meaningful potential savings on monthly housing costs.
This beautifully upgraded 4-bedroom, 3-bathroom home offers approximately 2,461 sq ft of living space in the master-planned community of Audie Murphy Ranch, named Menifee's 2019 Master-Planned Community of the Year.
The Big Wins:
Assumable 2.625% interest rate* - subject to lender approval and buyer qualification
Owned solar system, paid in full - no lease, no lien
Low-maintenance turf backyard - a large, private outdoor space that stays green year-round
Audie Murphy Ranch location - established community with extensive amenities
Beyond the Headlines:
A main-floor bedroom and full bathroom add flexibility for guests, extended family, or a home office, with no stairs required. Upstairs, a spacious loft offers additional living space - suited to a media room, playroom, or second family room - along with three additional bedrooms, two bathrooms, and the laundry room.
Additional upgrades include:
Tankless water heater - endless hot water and improved energy efficiency
Alumawood-style patio cover with built-in fans - a shaded, comfortable space for entertaining or relaxing
Community Amenities
Audie Murphy Ranch includes two community clubhouses - The Ranch House and The Plunge - featuring multiple swimming pools, a tot lot, game area, fire pit, and BBQ/picnic spaces. The community also includes Spirit Park, the 11-acre Sports Park, and the 3.4-acre Silver Star Park, with lighted tennis courts, basketball courts, soccer and baseball fields, walking trails, a skate park, and a playground. The property is located within the [insert actual school district name] and is a short drive from shopping, dining, and freeway access.
An assumable sub-3% rate, paid-off solar, and a low-maintenance backyard - schedule your showing today!
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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 5, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jul 6, 2026 | Listed by Reliable Realty Inc. | $659,000 | |
| Listed by Reliable Realty Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017