7899 Raincross Court
About This Property
This SPACIOUS, single-story home built in 2020, located on a cul-de-sac, is full of light, openness and space! The front lawn is beautifully landscaped with artificially turb and has a large driveway to fit up to 3 cars! YES, there is 2 garages, one for 2 cars and separate garage another vehicle!
As you enter in the front door, you will be blown away with the long, spacious hallway with HIGH ceilings! This property offers 4 spacious bedrooms! The primary bedroom is very spacious and isolated from the other 3 bedrooms, which gives a little more privacy. It has a large, beautiful bathroom with dual sinks, SEPARATE shower and deep bathtub where you can enjoy relaxation! The walk-in closet has been designed to offer more space for your apparel!
OH THE KITCHEN! With a beautiful, large granite island, this kitchen has plenty of cabinet space, not to mention the WALK IN PANTRY! Because the kitchen opens up to the family and cozy dining room it's such a great place to ENTERTAIN! In the family room, open the windows to bring in the more light and enjoy the beautiful VIEWS from the inside!
In addition to all these great features, this property has 2. 5 baths, an open "flex room" to use as you please and an office space (or get creative and it could possibly become a 5th bedroom!) The inside laundry room includes a sink and cabinets to store your laundry items and YES the washer and dryer stays with the home!
As you exit to the concrete, beautifully landscaped backyard, enjoy the shade under the built-in patio cover that has recess lighting or sit at the built-in table where one can enjoy the breathtaking VIEWS, especially on the 4th of July where the sky is full of fireworks across Riverside.
From the brand new (2024) laminate tile floors, to the kitchen appliances (included,) solar, water softener, fire sprinklers and shutters throughout, this a great space to call home!
This property is close to many colleges, to include, University of Riverside, Riverside and Moreno Valley, Community college, Cal Baptist, La Sierra University and in good proximity to Loma Linda. In addition, to great hiking trails, such as Mt. Rubidoux and the popular Blue Mountain where many 5ks are run to help non profits in community. It's waiting for you!
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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 |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Mar 22, 2024 | Listed by CMB REALTY SERVICES | $815,000 | |
| Listed by CMB REALTY SERVICES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017