$240,000
●
Mobile Manufactured -
Off Market
700 Bahama Dr
Hemet, CA 92543
2 Beds
2 Baths
1,440 Ft²
$1,433
Est. Monthly
$180
HOA / Fees
9.27%
Cap Rate
About This Property
MOTIVATED SELLER! BACK ON THE MARKET! SELLING WAY BELOW MARKET!
Experience the allure of Whispering Palms, a premier 55+ Senior
gated community in Hemet. This charming single story abode boasts 2
bedrooms, a den, spacious living room with fireplace, plus, a
dining room, cozy breakfast nook, an inside laundry room, 2
bathrooms, and a 2-car attached garage. Step outside to find
yourself within walking distance of a golf course, shops, services,
and restaurants. With Diamond Valley Lake & Idyllwild, just a
stone's throw away, adventure is always within reach. Plus, enjoy
exclusive access to the community clubhouse directly across the
street, which features a fantastic swimming pool for those daily
dips. Embrace the lifestyle you deserve at Whispering Palms!
Some photos are virtually enhanced to show possibilities
within the home. Other features are: Linoleum and carpet flooring;
lighted ceiling fans; forced air heating and cooling;
Unit Size
1,440 Ft²
Days on Market
143 days
Land Size
0.11 acres
Price per sqft
$177
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
$180
Year Built
1989
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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: 3 years ago (CRMLS #240010320SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Relisted | $255,000 | |
| Relisted | |||
| May 9, 2024 | Listed by Keller Williams Realty | $250,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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 Hemet
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Listed by: Greg Fox, Keller Williams Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240010320SD
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240010320SD
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