32831 Fermo Court
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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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | Listed by PHA Realty Group | $678,888 | |
| Listed by PHA Realty Group | |||
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Centrally situated in the charming Paseo Del Sol neighborhood of Temecula lies this delightful residence. Boasting a 3-bedroom layout with an additional 4th bedroom on the main floor, complete with a closet, this home offers a versatile floor plan. The main floor seamlessly connects the dining area to the kitchen, creating an inviting ambiance. With a total of 4 bedrooms, 3 bathrooms, lofty ceilings, and a cozy fireplace in the family room, comfort and style abound. Throughout the house, you'll find a harmonious blend of tile and wood flooring.
Outside, the welcoming backyard provides a serene retreat with no rear neighbors in sight. The home benefits from solar ownership through SunRun, ensuring minimal electricity costs at just $115 with no leases or liens attached. Conveniently located near the 15 freeway, this residence offers easy access to Abby Reinke Elementary School and Temecula Middle School within the esteemed Temecula Unified School District.
Paseo Del Sol is renowned for its amenities, including 3 pools (including a children's pool, adult pool, and a 2 spacious all-ages pool), 2 gyms, a clubhouse, parks, extensive walking paths, tennis and basketball courts, playgrounds, and vibrant community events. Furthermore, this prime location is just a short drive from Temecula Wine Country, Old Town Temecula, shopping centers, restaurants, entertainment options, and top-rated schools. Additionally, residents have the luxury of being close to the excitement of Pechanga Casino and other entertainment venues, adding to the area's allure and offering a diverse range of recreational opportunities. Temecula truly offers an exceptional quality of life, perfectly positioned between the vibrant cities of San Diego and Los Angeles.
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| Sep 9, 2020 | Sold | ||
| Sold | |||
| Jul 22, 2020 | Listed by Big Block Realty | $450,000 | |
| Listed by Big Block Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017