$573,000
●
House -
Off Market
29981 Pacific Channel Way
Menifee, CA 92586
3 Beds
2 Baths
1,666 Ft²
$2,814
Est. Monthly
About This Property
Lovely single-story home in desirable Menifee-a hidden treasure.
This home has great curb appeal, a formal living and dining area,
cozy family room and kitchen with a breakfast bar and nook area.
The master bedroom has a shower/tub and dual sinks. There are two
additional spacious bedrooms and space allocated for the washer/
dryer. There is a finished 2-car attached garage and ample storage
space. This home is located on a substantial level pool-size + lot.
The backyard has vinyl fencing and a brick wall. NO HOA. Located on
a quiet street within walking distance of City Hall, police
station, fire station, Evans Ranch Elementary (.05 miles) and
Paloma High School (1.5 miles). Easy access to shopping and
freeways. One of Menifee's Best Locations.
Unit Size
1,666 Ft²
Days on Market
95 days
Land Size
0.23 acres
Price per sqft
$344
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997
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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: 3 years ago (CRMLS #TR24124153)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Price Decreased |
$572,999
↓ $2K
(0.4%) | |
| Price Decreased | |||
| Jun 1, 2024 | Listed by McLeod & Associates | $575,000 | |
| Listed by McLeod & Associates | |||
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sun City
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Listed by: Rhea Aguirre, McLeod & Associates
Last Updated: 3 years ago
Data Source: CRMLS, MLS# TR24124153
Last Updated: 3 years ago
Data Source: CRMLS, MLS# TR24124153
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