7705 Couples Way
About This Property
The owner has had most of the home done in neutral colored tile leaving only the three bedrooms with carpeting. The list price does include new carpeting in the master suite. The master is at the rear of the house and does overlook the rear yard. The living room and dining room are both to the front of the home with the living room overlooking the front yard.
Other features include a separate laundry room off the garage, a large central kitchen with center island, all Granite counter tops in the kitchen with upgraded gas range & oven, upgraded microwave and kitchen faucet.
The Four Seasons in Hemet is one the finest 55+ communities in all of Riverside County. It has a large 20,000+ square foot Community Center along with tennis courts, pickleball courts, Bocce ball areas and a very large pool and spa area, along with Barbeque and picnic spaces and a giant dance area.
This is a great area to make new friends
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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 |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 22, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by Wethergage Management Inc | $409,900 | |
| Listed by Wethergage Management Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017