$580,000
●
House -
Off Market
29983 Penn St
Menifee, CA 92585
4 Beds
3 Baths
2,208 Ft²
$3,022
Est. Monthly
$75
HOA / Fees
6.35%
Cap Rate
About This Property
MENIFEE GEM! You are going to love the Heritage Lake community!
Everything on you bucket list. This home seats on a nice size
lot, located on a cul-de-sac, it has a big yard, an open layout,
tall ceilings, a modern kitchen, solar panels, an electric car
charger, Ring security system etc. Downstairs has a full
bedroom and bathroom, and the upstairs has three bedrooms, two
bathrooms and a large bonus room. Equipped with an elegant
open concept the family room is connected to a gourmet kitchen. The
kitchen has granite countertops, island with storage and bar
seating and a walk-in pantry. Outside you will find a large
stomped concreate open patio and nice size yard. Heritage
lake provides a resort lifestyle centered around the private lake
and club facility. It offers two Jr. Olympic size pools, a
Splash Park, a wading pool, three tot-lots and the lake club
equipped with paddle boats. Congratulations you found the
one.
Unit Size
2,208 Ft²
Days on Market
51 days
Land Size
-
Price per sqft
$272
Property Type
House
Property Taxes
-
HOA Dues
$75
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (CRMLS #240027927SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 24, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2024 | Listed by Realty Source Incorporated | $599,999 | |
| Listed by Realty Source Incorporated | |||
Property Highlights
Garage
Air Conditioning
Comparables
Unit
Status
Status
Type
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Baths
ft²
Price/ft²
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Menifee
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Listed by: Jose Cabarcas Guerra, Realty Source Incorporated
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240027927SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240027927SD
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