$200,000
●
House -
Off Market
3062 Rainbow Lane
Banning, CA 92220
2 Beds
2 Baths
1,092 Ft²
$269,684
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
***HUD HOME***Price Reduced***** Serrano Del Vista Community for
55+ . This home has a flowing floorplan, from the entry there
is a large living room with fireplace and big windows, off to the
right is the Dining Room and Kitchen. The Dining Room is
nicely sized and is set right off the Kitchen which offers a large
countertop formeal preparations or serving. Down the hall is
a guest bedroom and main bath. The master bedroom has sliding
glass door to the rear yard, a large closet and master bath with
dual sink vanity and oversized shower. The rear of the home
has an enclosed patio, a nice place to enjoy cool spring mornings.
There is an area for planting along the fence and there is a
patio outside the Master bedroom and also the Living Room. 2
car attached garage. HOA offers pool and spa, tennis courts and
more.
Unit Size
1,092 Ft²
Days on Market
190 days
Land Size
0.10 acres
Price per sqft
$183
Property Type
House
Property Taxes
-
HOA Dues
$140
Year Built
1995
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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: 5 months ago (CRMLS #IV20041533)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2020 | Sold | ||
| Sold | |||
| Feb 25, 2020 | Listed by KELLER WILLIAMS REALTY | $199,500 | |
| Listed by KELLER WILLIAMS REALTY | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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 Banning
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Listed by: DUSTIN LUCE, KELLER WILLIAMS REALTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV20041533
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV20041533
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