OFF_MARKETRisky Deal2 days on market

29114 Light Sails Ct

29114 Light Sails Ct, Menifee, CA 92585, Menifee, CA 92585
$639,990
Zestimate®:$652,100$12,110 Under Market

Listing Price

Property image 1
29114 Light Sails Ct, Menifee, CA 92585
Loc: Menifee, CA
Days Listed
2
Tax Assessed
$625k
Zestimate®
$652k
2% Under Valued
Lot Size
6,970 sqft
Rent Estimate
$3,083/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.

7

Mesa View Elementary School

K-5
0.7 mi away
3

Ethan A Chase Middle School

6-8
0.6 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
4.19%
Total ROI
10.6%
Cash Flow
$-999/mo
DSCR
0.69
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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
2026-06-03Sold$650,000$295
2026-05-14Pending sale$639,990$291
2026-05-07Listed for sale$639,990$291
2025-08-18Sold$629,000$286
2025-07-18Contingent$629,000$286
2025-06-02Price change$629,000$286
2025-05-08Price change$639,000$290
2025-04-26Listed for sale$649,999$295
2022-03-23Sold$614,000$279
2022-03-08Pending sale$594,900$270
2022-03-08Contingent$594,900$270
2022-03-04Listed for sale$594,900$270
2013-07-11Sold$246,000$112
2006-04-14Sold$407,500$185

Tax History

YearProperty TaxTax Assessment
2026$0$625,000
2025$0$551,752
2024$9,746.28$540,934
2023$9,669.5$530,328
2022$6,988.02$284,157
2021$6,814.68$278,587
2020$6,689.48$275,732
2019$6,472.56$270,327
2018$6,201.28$265,028
2017$6,102.1$259,832
2016$6,102.1$254,738
2015$5,878.64$250,914
2014$5,743.08$246,000
2013$0$228,000
2012$0$196,000
2011$0$204,000
2010$0$197,000
2009$0$211,000
2008$0$307,000
2007$0$298,758
2006$0$150,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,201
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: $639,990Rent Basis: Observed Comp Model ($3,083/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $320/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.12%

NOI: $19,959/yr

Cash-on-Cash Yield
-13.5%

On $147,198 invested

DSCR Ratio
0.50x

Negative debt coverage

5-Yr Leveraged ROI
+26.6%

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)-$391/mo
Homeowner / Hazard Insurance-$320/mo
Vacancy Reserve (5% of rent)-$154/mo
Repairs & Maintenance (10% of rent)-$308/mo
Property Management (8% of rent)-$247/mo
Total Pure Operating Expenses-$1,420/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,083/mo
Less: Operating Expenses-$1,420/mo
Net Operating Income (NOI)+$1,663/mo
Less: Debt Service (30yr @ 6.75%)-$3,321/mo
Net Cash Flow
$-1,657/mo
$-19,890/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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