40286 Raymer Road
About This Property
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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 |
|---|---|---|---|
| Dec 27, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $289,000 | |
| Listed | |||
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Horse property! Agricultural and live stock animals okay! Over one half acre lot. Near Diamond Valley Lake, Diamond Valley Golf Course and wine country! 3 bedrooms and 2 bathrooms with covered patio are in back. House was originally custom built by a owner-builder. Private fenced house with large trees surrounding for extra privacy. Long driveway with plenty of land for horses, boats, RV, toys or a second small house/ADU. The property lot extends from the house all the way to the street to Raymer Rd. Brand new roof, brand new heating and air conditioning unit, all new high quality laminate wood flooring, new shower in master bathroom, new toilets, new light fixtures, fresh paint inside and out with new trim. New septic system with 5 year extended warranty. Just outside of main Hemet city so close enough for all your needs but still have your getaway privacy retreat. Hard to find a property with a large lot that is close to the city and zoned agriculture with animals. 2 blocks of dirt road to the property. You can spend your time horseback riding, golfing, fishing, and enjoying that country living while living right outside the city! Close to Domenigoni Expressway and 215 Freeway. The manager has listed the unit size as 1368 square feet.
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| Jul 22, 2019 | Listed by Smart Realty Group | $279,000 | |
| Listed by Smart Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017