31047 Camino Verde
About This Property
This single-family detached home is ideal for a new family, first-time homebuyer, or investor. Featuring 3 bedrooms, 1 ¾ bathrooms, and 1,120 square feet of comfortable living space, this well-maintained single-story home offers everything you need. The property includes a spacious 2-car attached garage.
As you enter through the front door, you're greeted by a welcoming living room that seamlessly connects to the dining area and kitchen. The open-concept design extends to the patio through sliding glass doors, leading to a fully fenced backyard-perfect for outdoor activities and entertaining.The home is equipped with a newer roof, central air and heating, and ceiling fans in every room for added comfort.
Located in an established master-planned community, this home has a low monthly HOA fee of just $70. The community also features a low tax rate with no Mello Roos. You'll enjoy being close to award-winning schools, shopping, restaurants, and Temecula's famous wineries.
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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 |
|---|---|---|---|
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Aug 20, 2024 | Listed by Century 21 Masters | $545,000 | |
| Listed by Century 21 Masters | |||
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About Temecula
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017