$405,000
●
House -
Off Market
635 Pegasus Drive
Merced, CA 95348
4 Beds
2 Baths
1,565 Ft²
$2,062
Est. Monthly
About This Property
Single-story home located in one of Merced's most desirable
neighborhoods! This 4-bedroom, 2-bath residence offers an
open-concept layout. The expansive family room flows seamlessly
into a modern kitchen featuring granite countertops, a center
island with breakfast bar, and sleek stainless steel
appliances-including a gas stove, microwave, dishwasher, and double
sinks. The primary suite offers a generous layout with a split
floor plan and a well-appointed ensuite bathroom with dual sinks, a
tub/shower combo and a walk-in closet. The additional bedrooms are
all nicely sized with double closet doors. Enjoy energy-efficient
features like dual-pane windows, a tankless water heater, and solar
panels-plus the convenience of indoor laundry and a finished 2-car
garage. Step outside to a spacious, low-maintenance backyard.
Located just minutes from parks, schools, and shopping, this home
truly has it all-comfort, style, and location!
Unit Size
1,565 Ft²
Days on Market
281 days
Land Size
0.11 acres
Price per sqft
$268
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020
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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: 7 months ago (CRMLS #MC25149734)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Price Decreased |
$419,900
↓ $9K
(2.1%) | |
| Price Decreased | |||
| Sep 4, 2025 | Relisted | $429,000 | |
| Relisted | |||
| Aug 26, 2025 | In contract | - | |
| In contract | |||
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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 Merced
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Listed by: Randy Hayer, Realty Executives Of Northern California
Last Updated: 7 months ago
Data Source: CRMLS, MLS# MC25149734
Last Updated: 7 months ago
Data Source: CRMLS, MLS# MC25149734
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