32663 Favara Drive
About This Property
Step inside to discover an open-concept floor plan featuring high ceilings, recessed lighting, and a seamless flow between living spaces. The gourmet kitchen boasts Corian countertops, a large island, stainless steel appliances, and ample cabinetry, making it perfect for both everyday living and entertaining.
The expansive master suite offers a private retreat with double sinks, an upgraded bathroom, and ample closet space. Three additional bedrooms provide flexibility for family, guests, or a home office.
The true highlight of this property is the newly added custom-built pool and fully landscaped backyard. Designed for relaxation and entertainment, the outdoor space features a covered patio, seating areas, firepit and a grapevine arbor, creating a private oasis for you and your guests.
Additional amenities include a three-car attached garage, individual laundry room, central heating and cooling, and access to Paseo del Sol's community features such as pools, tennis courts, and clubhouses. Conveniently located near top-rated schools, shopping, dining, and Temecula's renowned wine country, this home offers the perfect blend of luxury and lifestyle.
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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 |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Mar 1, 2025 | Listed by Team Forss Realty Group | $1,375,000 | |
| Listed by Team Forss Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017