$378,000
●
House -
Off Market
5074 Savannah Drive
Banning, CA 92220
3 Beds
2 Baths
1,505 Ft²
$2,226
Est. Monthly
$365
HOA / Fees
7.87%
Cap Rate
About This Property
Sun Lakes Country Club is a Resort Golfing Community with guarded
entrance. There must be a qualifying person age of 55 or older.
This home is located on the Golf Course with a very beautiful view
of the course and the mountains. You will fall in love. The home is
a 3-bedroom with middle bedroom as master retreat, 2-bathroom with
formal dining, formal living and you still have the family room and
gas fireplace to relax. The kitchen is open to the family room for
entertainment made easy. Sun Lakes Country Club is located near
shopping, entertainment and restaurants with Morongo Casino and
Desert Hills Premium Shopping Mall 15 minutes east on highway 10.
Travel another 15 minutes and you can enjoy lunch in Palm Springs.
Some of the amenities in Sun Lakes are: Championship Golf Course,
18-hole Executive Golf Course, 3 Club Houses, Restaurant & Lounge,
Tennis, Swimming (inside & outside), Bocce Ball, Pickle Ball /
Paddle Ball and 3 Gyms. You can be active and join some of the many
clubs such as gardening, sewing, golfing, cards, crafts and
singing. So much to pick fr
Unit Size
1,505 Ft²
Days on Market
132 days
Land Size
0.11 acres
Price per sqft
$252
Property Type
House
Property Taxes
-
HOA Dues
$365
Year Built
1991
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #EV24133708)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
| Sep 16, 2024 | Price Decreased |
$379,000
↓ $20K
(5%) | |
| Price Decreased | |||
| Jun 28, 2024 | Listed by CENTURY 21 LOIS LAUER REALTY | $399,000 | |
| Listed by CENTURY 21 LOIS LAUER REALTY | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Banning
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Listed by: CINDY SNOW, CENTURY 21 LOIS LAUER REALTY
Last Updated: 2 years ago
Data Source: CRMLS, MLS# EV24133708
Last Updated: 2 years ago
Data Source: CRMLS, MLS# EV24133708
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