824 Ashley Street
About This Property
You heard it right! The lowest price per/sq. ft in the area, it's arguably the best deal in town! This 2,221 square foot, 4 bedroom 2.5 bathroom home is located on a quiet street, just a short walk from Mary Henley Park, close to Walmart, shopping, and roughly 20 miles from Temecula Wine Country! The first floor, which includes a 400+ square foot bonus room, is bathed in rich colored laminate wood flooring, and the kitchen and family rooms feature light colored tile flooring. Brand new carpet in the bedrooms, and the master bathroom boasts a gorgeous tile shower. Located in Southwest Hemet, for easy commuter access. Brand new stove and microwave, new "neutral color" paint, inside and out. Mature trees in the front yard, offering shade throughout the day, as well as whole house fan to save money on air conditioning in the summer. Fruit trees in the back and side yard, for your culinary enjoyment. NO HOA and LOW TAXES, to cap off this incredible opportunity!
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Price Decreased |
$509,900
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Oct 28, 2024 | Relisted | $525,000 | |
| Relisted | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017