570 Farmstead
About This Property
Welcome to this beautiful nearly new home located at 570 Farmstead Street in Hemet, built in 2021 and offering the perfect blend of modern comfort and functionality. This well-maintained residence features 3 bedrooms, 2 bathrooms, with a extra room / office which was converted into a room area and sits on an expansive 7,841 sq. ft. lot, one of the largest lots currently available in the area.
The open-concept floor plan showcases a spacious kitchen with a large granite island, granite countertops, upgraded appliances, and abundant cabinet storage, making it ideal for both everyday living and entertaining. The primary suite offers comfort and privacy, while the additional bedrooms provide flexibility for family, guests, or a home office. RV PARKING is allowed.
The oversized front and backyard offer endless possibilities for outdoor enjoyment, gardening, play areas, or future customization. Energy-efficient solar panels help reduce utility costs and add long-term value.
Residents enjoy access to community amenities including a clubhouse and swimming pool, perfect for weekend recreation and family gatherings. Conveniently located just minutes from shopping centers, restaurants, schools, and major commuter routes, this home combines modern living with everyday convenience. 10 mins away from Diamond Valley Lake & water park, and parks amazing for family summer times.
Don't miss this opportunity to own a move-in-ready home with an exceptional lot size in a desirable Hemet community. Schedule your private showing today!
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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 12, 2026 | Price Decreased |
$480,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Aug 26, 2026 | Price Decreased |
$494,999
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$510,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jun 13, 2026 | Listed by eXp Realty of Greater Los Angeles | $520,000 | |
| Listed by eXp Realty of Greater Los Angeles | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017