40276 Cape Charles Drive
About This Property
One bedroom is located downstairs and enjoys access to a full bath making it the perfect guest suite for when you have visitors. There are three bedrooms upstairs, including the master suite. A washer and dryer room complete the upstairs floor plan.
Downstairs, the open-plan living areas allow plenty of natural light to fill the home and create a bright, welcoming space the whole family can enjoy. The spacious kitchen features plenty of storage space, granite counter tops, stainless steel appliances and sliding doors that open out to the sunny patio.
This is a chance to live within walking distance of paddle boarding, paddle boats, community pool and spa, area for weddings and parties, fishing, picnic and walking areas. Within a short drive across the bridge you have Old Town Temecula that offers bars, fine dining, theater shows, farmers market, dancing and shopping. Enjoy a leisurely drive out to wine country where you can visit 40+ wineries, boasting live bands, tours, concerts and much more. June welcomes the annual Temecula Balloon and Wine Festival as well as the annual chocolate decadence & wine festival.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 10, 2021 | In contract | - | |
| In contract | |||
| Mar 13, 2021 | Listed | $575,000 | |
| Listed | |||
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WELCOME HOME TO HARVESTON!! Temecula's finest lake community is now offering one of the best 4-bedroom floor plans on beautifully manicured lot! This upgraded home is close to the lake, elementary school and parks with greenbelts! Upon entry you will find a wonderful first floor bedroom and full bathroom. The open floor plan offers a spacious and upgraded living and dining area featuring a fireplace. Upgraded kitchen boasts large granite island, stainless steel appliances, and includes the refrigerator! Upstairs you will find a total of 3 bedrooms and 2 bathrooms. Main bedroom is spacious with large windows giving it an airy feel along with a large attached bathroom and walk-in closet. The laundry room is conveniently located upstairs. This home has been well maintained and is turnkey for you! A glass slider leads into a serene backyard with pavers, and a patio area that would be perfect for entertaining guests. Attached 2-car garage. Conveniently located next to freeway, Promenade Mall, schools, parks, restaurants, golf, hiking and Pechanga Casino & Resort - everything the awesome city of Temecula has to offer!! The manager has listed the unit size as 2010 square feet.
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| Mar 20, 2018 | Sold | ||
| Sold | |||
| Feb 5, 2018 | Listed by United Realty & Loans, Inc. | $445,000 | |
| Listed by United Realty & Loans, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017