$250,000
●
House -
Off Market
991 Riviera Avenue
Banning, CA 92220
2 Beds
2 Baths
1,315 Ft²
$393,753
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Tivioli Floor Plan 200 on the golf course with lovely view of the
sunsets and the mountains. This is a 3 bedroom 2 bath home or 3rd
bedroom can be used as a den / office. Master bedroom has double
sinks and large closets. There is a gas fire place located in
family room with painted brick work. Kitchen has tile counter
tops with wood flooring. There is wood flooring at entry and carpet
thru out the rest of the home. With the cement patio that goes
around to the side yard you have enough space to set up that BBQ
for those long summer evenings. Very nice tress in the back yard
will give you plenty of shade. Sit and enjoy the view. Sun Lakes is
located near shopping, entertainment and restaurants with Morongo
Casino and Desert Hills Premium Shopping Mall 15 minutes east on
HWY 10. Some of the amenities in Sun Lakes are: Championship Golf
Course, 3 Club Houses, Restaurant & Lounge, Tennis, Swimming
(inside & outside), Bocce Ball, Pickle Ball / Paddle Ball and 3
Gyms. All an active adult could ask for.
Unit Size
1,315 Ft²
Days on Market
147 days
Land Size
0.11 acres
Price per sqft
$205
Property Type
House
Property Taxes
-
HOA Dues
$262
Year Built
1989
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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 #EV19139053)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2019 | Sold | ||
| Sold | |||
| Jun 10, 2019 | Listed by SUN LAKES REALTY, INC | $269,000 | |
| Listed by SUN LAKES REALTY, INC | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Banning
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Listed by: CAROLYN BURTON, SUN LAKES REALTY, INC
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV19139053
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV19139053
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