28481 Vela Dr
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Ridgemoor Elementary School
Kathryn Newport Middle School
Menifee Preschool
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
The property at 28481 Vela Dr presents a challenging investment profile characterized by a severe negative cash flow of -$1,454.43 per month. While Menifee is a growing suburban market with a steady 4% appreciation forecast, the current rental yield of 3.57% is insufficient to cover debt service and operating expenses at the $699,900 price point. A conservative investor would essentially be subsidizing the tenant's housing costs while gambling on long-term equity growth. The substantial monthly burn rate creates a significant liquidity risk, making this property unsuitable for traditional income-focused portfolios and placing it firmly in the category of a speculative appreciation play.
- • Located in Menifee, a high-growth corridor in Riverside County
- • Favorable 4-bedroom, 3-bathroom configuration for family renters
- • Consistent 4% expected annual appreciation
- • Relatively modern square footage (2175 sqft) typically reduces immediate CAPEX needs
- • Prohibitive negative cash flow of over $17,000 annually
- • Extremely low rental yield of 3.57% relative to current interest rates
- • Heavy reliance on market appreciation to offset monthly operating losses
- • High acquisition price creates a high barrier to entry for cash-flow-positive outcomes
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-17 | Contingent | $699,900 | $322 |
| 2026-04-08 | Listed for sale | $699,900 | $322 |
| 2022-07-27 | Sold | $591,500 | $272 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $10,094.6 | $615,251 |
| 2024 | $9,974.48 | $603,188 |
| 2023 | $10,146.74 | $591,361 |
| 2022 | $3,836.8 | $47,302 |
| 2021 | $577.42 | $46,375 |
| 2020 | $545.98 | $45,900 |
| 2019 | $0 | $7,182 |
| 2018 | $91.66 | $7,042 |
| 2017 | $90.24 | $6,904 |
| 2016 | $90.24 | $6,769 |
| 2015 | $85.94 | $6,668 |
| 2014 | $168.6 | $6,539 |
| 2013 | $0 | $6,510 |
| 2012 | $0 | $6,383 |
| 2011 | $0 | $18,123 |
| 2010 | $0 | $17,989 |
| 2009 | $0 | $18,033 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $19,931/yr
On $160,977 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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