$296,000
●
House -
Off Market
823 Colorado Drive
Hemet, CA 92544
4 Beds
2 Baths
1,887 Ft²
$447,818
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
This home is 10+, light, bright and airy. A hard to find 4
Bedroom. All the bedrooms have ceiling fans and large
closets. The master suite is large and features a walk in
closet, a toitie room , a spacious bath with a separate soaking
tub, a separate shower and dual sinks. There is a formal
living room a with a formal dining area at one end, The
family room has a gas burning fireplace, ant the kitchen has a big
island, a new stove and microwave, Corian countertops and a large
pantry and a nice breakfast nook. There is a separate laundry
room and a three car attached garage. The single section of
the garage has been concerted to an enclosed storage room.
The landscape is lush and mature, The back yard
features lots of concrete patio area and concrete down both sides
of the house, There is a covered patio that stretches all
across the back of the house. The paint is fresh, the carpet
is new, the laminate flooring is beautiful. All the windows
have new 2" blinds. This home is in a great location in
northeast Hemet, close to Ramona Expressway for the commuter.
Unit Size
1,887 Ft²
Days on Market
50 days
Land Size
0.16 acres
Price per sqft
$157
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997
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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: 5 months ago (CRMLS #SW18117010)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2018 | Sold | ||
| Sold | |||
| May 17, 2018 | Listed by Century 21 McDaniel & Assoc. | $295,975 | |
| Listed by Century 21 McDaniel & Assoc. | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hemet
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Dorothy McGargill, Century 21 McDaniel & Assoc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW18117010
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW18117010
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