Live Auction! Bidding to start from $900,000! Spectacular offering
in Sage at The Village of Quail Hill in Irvine. Extensively
remodeled 2-story DETACHED courtyard home featuring 3 bedrooms, 3
bathrooms and a flex loft space. The newly remodeled kitchen
offers 46" Shaker cabinets with soft close doors & drawers, Injen
Blue Quartzite counters, Carrera marble backsplash, a stainless
steel sink, recessed lighting, walk-in pantry and professional Cafe
stainless steel range and microwave. The list of interior
upgrades includes remodeled bathrooms, hardwood floors throughout,
custom window coverings, California Closet systems, crown moulding,
wallpaper feature walls in bedrooms and designer lighting. This
layout has one downstairs bedroom and bathroom. The upstairs
has the primary bedroom with ensuite bathroom and a 2nd bedroom and
bathroom. Additionally, there is the flex loft space perfect
for an office, tv room or workout area. Included in the
recent updates are new cooling system and water heater. The
home has 2 single direct access garages with epoxy coated floors.
The home features spacious outdoor patio offering a fireplace
with hearth, built in barbecue island with refrigerator and sink.
The tranquil space is surrounded by lush landscape, fountains
and outdoor lighting. The home is located in the highly
acclaimed Irvine School District. Quail Hill Community
amenities include 5 parks, basketball and lighted tennis courts, 3
pools, fitness center, barbecue and picnic areas. One of Irvine's
best located communities for quick access to freeways, Laguna
Beach, Irvine Spectrum and OC Airport.
Unit Size
1,534 Ft²
Days on Market
27 days
Land Size
-
Price per sqft
$587
Property Type
Condo
Property Taxes
-
HOA Dues
$207
Year Built
2004
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Cap Rate Calculator
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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.
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