785 Madera Street
About This Property
Buyers will appreciate the home's livability and value, with nearby amenities including Mary Henley Park, Stater Bros. Markets, and shopping at Hemet Valley Mall just minutes away. The neighborhood offers a relaxed suburban feel with easy access to dining and recreation. With a balanced market reflected by a 3.35-month inventory supply and homes selling close to list price, this property presents a strong opportunity for those seeking comfort and convenience in a prime Hemet location.
Great neighborhood, close to churches, shops, restaurants & schools. Renovated inside and out: Fresh paint inside and out, very clean, roof repaired & replacement of tiles, laminate flooring throughout, complete new kitchen & bathrooms, new windows & sliding glass door, exterior & interior doors, and so much more. The property was in Hold Status for about two weeks to complete work and cleaning-great home for first-time buyers, a forever home, or seasoned investors.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 5, 2025 | Sold | ||
| Sold | |||
| Oct 18, 2025 | In contract | - | |
| In contract | |||
| Sep 27, 2025 | Relisted | $399,999 | |
| Relisted | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Price Decreased |
$399,999
↓ $29K
(6.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017