SOLDNeutral Deal30 days on market

229 Alverstone St

229 Alverstone St, Hemet, CA 92543, Hemet, CA 92543
$540,000
Zestimate®:$499,900

Listing Price

Property image 1
229 Alverstone St, Hemet, CA 92543
Loc: Hemet, CA
Days Listed
30
Tax Assessed
$447k
Zestimate®
$500k
Market Rate
Lot Size
6,534 sqft
Rent Estimate
$3,224/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

4

Mcsweeny Elementary School

K-5
2 mi away
3

Diamond Valley Middle School

6-8
2 mi away
4

West Valley High School

9-12
2.9 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
5.23%
Total ROI
15.8%
Cash Flow
$-376/mo
DSCR
0.86
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-20Listed for sale$499,999$211
2018-01-25Sold$303,000$128
2017-12-14Pending sale$299,500$126
2017-10-16Price change$299,500$126
2017-10-13Listed for sale$305,000$128
2015-12-09Sold$250,000$105
2015-10-31Pending sale$245,000$103
2015-10-23Listed for sale$245,000$103
2015-10-01Pending sale$245,000$103
2015-09-05Price change$245,000$103
2015-07-25Listed for sale$250,000$105
2015-07-20Sold$210,500$89
2012-07-23Sold$208,500$88

Tax History

YearProperty TaxTax Assessment
2025$8,238.58$446,698
2024$8,063.4$437,940
2023$7,894.48$429,354
2022$6,649.08$324,875
2021$6,485.28$318,506
2020$6,372.22$315,241
2019$0$309,060
2018$5,670.68$260,100
2017$5,574.7$255,000
2016$5,574.7$250,000
2015$5,066.32$213,580
2014$4,808.84$209,398
2013$0$208,452
2012$0$30,755
2011$0$30,152
2010$0$29,928
2009$0$30,000
2008$0$95,132
2007$0$93,267
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
2,375
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $540,000Rent Basis: Observed Comp Model ($3,224/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $270/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.30%

NOI: $23,200/yr

Cash-on-Cash Yield
-8.4%

On $124,200 invested

DSCR Ratio
0.69x

Negative debt coverage

5-Yr Leveraged ROI
+52.2%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.75% of basis)-$279/mo
Homeowner / Hazard Insurance-$270/mo
Vacancy Reserve (5% of rent)-$161/mo
Repairs & Maintenance (10% of rent)-$322/mo
Property Management (8% of rent)-$258/mo
Total Pure Operating Expenses-$1,291/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,224/mo
Less: Operating Expenses-$1,291/mo
Net Operating Income (NOI)+$1,933/mo
Less: Debt Service (30yr @ 6.75%)-$2,802/mo
Net Cash Flow
$-869/mo
$-10,424/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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