40706 Melrose
About This Property
Inside, the home features laminate flooring and a beautiful kitchen with white shaker cabinets, granite countertops, and an extended kitchen island offering plenty of room for meal preparation and gathering with family and friends. The kitchen's generous counter space makes it ideal for everyday cooking and entertaining. Upstairs, you will find all three bedrooms, including the primary suite featuring a walk-in closet and a private bathroom with a walk-in shower. The additional bedrooms offer space for guests or a home office, while the upstairs laundry room adds convenience to your daily routine.
Heirloom Farms residents enjoy a community pool and spa, parks, playgrounds, and picnic and barbecue areas, providing wonderful spaces to relax and spend time outdoors. Located within the Temecula Valley Unified School District and conveniently close to shopping, restaurants, and freeway access, this home also puts Temecula's renowned wineries within easy reach. Whether you are enjoying an afternoon at the pool or hosting friends at home, there is plenty to appreciate about this property and its community. Come see it and make this beautiful home your own!
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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 14, 2026 | Listed by Acevedo Real Estate Professionals | $659,900 | |
| Listed by Acevedo Real Estate Professionals | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017