33033 Powell Lane
About This Property
What really sets this home apart from the rest though is the PAID-Off SOLAR, Potential RV PARKING and NO HOA! This prime location is also part of an Unincorporated Area within the County of Riverside limits...so you have the ability to run a Short-Term (AirBnB) or Long-Term RENTAL, which makes this a solid INVESTMENT Opportunity! Conveniently located in the award-winning Temecula Unified School District and walking distance to several popular Charter Schools...Temecula Preparatory and the NEW Summit Academy (a 1st-7th STEAM school)...you are in the ideal spot for your children to have the best possible education in the area. Overall, the French Valley is an up-and-coming area that continues to grow and expand. With plenty of Restaurants and Shopping and more on the way, and easy access to the 215 freeway via the Clinton Keith corridor...this hidden gem offers the perfect combination of convenience, charm, and exceptional value in a thriving area of opportunity. Don't miss this one!
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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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | Listed by Allison James Estates & Homes | $609,000 | |
| Listed by Allison James Estates & Homes | |||
Property Highlights
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About Riverside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017