$525,000
●
House -
Off Market
5799 Falcon Way
Banning, CA 92220
3 Beds
2 Baths
2,142 Ft²
$2,731
Est. Monthly
$202
HOA / Fees
5.38%
Cap Rate
About This Property
A stunning SINGLE-STORY home in the residential community of Atwell
homes - This is a 2142 Sq Ft modern living home complete with 3
bedrooms and 2 baths. When you walk in the home, you will be
greeted with multiple windows that lets in ample natural light into
the great room of living and dining area. The kitchen is
equipped with stainless steel appliances, a pantry, and extensive
cabinets. It also has a large island to fit seating for four.
Opposite the kitchen, there is a spacious room which can be
used as a formal dining room, an office, an additional family room,
or a den. Two bedrooms are conveniently located in the front
of the house with a full bathroom between them. The master
suite in the back has a spacious walk-in closet, a stand-alone
soaking tub, his-and-her sinks and a walk-in shower. The
house is equipped with fully PAID solar and a tankless water
heater. The backyard has an easy-maintenance landscape.
Schedule for an appointment today to make this your home.
Unit Size
2,142 Ft²
Days on Market
203 days
Land Size
0.13 acres
Price per sqft
$240
Property Type
House
Property Taxes
-
HOA Dues
$202
Year Built
-
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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 #IG25033273)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$515,000
↓ $30K
(5.5%) | |
| Price Decreased | |||
| Apr 29, 2025 | Price Decreased |
$545,000
↓ $35K
(6%) | |
| Price Decreased | |||
| Feb 14, 2025 | Listed by REAL ESTATE MASTERS GROUP | $579,900 | |
| Listed by REAL ESTATE MASTERS GROUP | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Banning
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Listed by: Grace Lee, REAL ESTATE MASTERS GROUP
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25033273
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25033273
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