FOR_SALEExcellent Deal30 days on market

1536 S State St Space 218B

1536 S State St Space 218B, Hemet, CA 92543, Hemet, CA 92543
$223,000
Zestimate®:$221,000

Listing Price

Property image 1
1536 S State St Space 218B, Hemet, CA 92543
Loc: Hemet, CA
Days Listed
30
Tax Assessed
$57k
Zestimate®
$221k
Market Rate
Lot Size
22.87 acres
Rent Estimate
$2,202/mo
Est. Cash Flow base
Type
manufactured

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
0.4 mi away
3

Diamond Valley Middle School

6-8
0.2 mi away
4

West Valley High School

9-12
2.3 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
9.83%
Total ROI
38.8%
Cash Flow
$698/mo
DSCR
1.62
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Checking Access...

Haven AI

Analyzing property data...

Checking Access...

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-07-20Listed for sale$223,000$135
2020-07-11Listing removed$103,000$62
2020-04-17Pending sale$103,000$62
2020-03-25Listed for sale$103,000$62
2001-05-01Sold$47,000$28

Tax History

YearProperty TaxTax Assessment
2026$0$57,079
2025$628.16$55,960
2024$615.94$54,863
2023$609.52$53,788
2022$597.58$52,734
2021$587.52$51,700
2020$561.68$49,620
2019$549.18$48,648
2018$531.76$47,695
2017$625.28$46,760
2016$625.28$46,760
2015$457.72$46,760
2014$445.26$46,760
2013$0$46,760
2012$0$46,760
2011$0$40,000
2010$0$40,000
2009$0$54,992
2008$0$53,914
2007$0$52,857
2006$0$51,821
2005$0$50,805
2003$0$48,898
2002$0$47,940
2001$400$47,000
2000$270$34,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,656
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: $223,000Rent Basis: Observed Comp Model ($2,202/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $150/mo
Haven ScoreExcellent
9/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
8.12%

NOI: $18,118/yr

Cash-on-Cash Yield
8.3%

On $51,290 invested

DSCR Ratio
1.30x

Prime loan qualification

5-Yr Leveraged ROI
+135.5%

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)-$36/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$110/mo
Repairs & Maintenance (10% of rent)-$220/mo
Property Management (8% of rent)-$176/mo
Total Pure Operating Expenses-$692/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,202/mo
Less: Operating Expenses-$692/mo
Net Operating Income (NOI)+$1,510/mo
Less: Debt Service (30yr @ 6.75%)-$1,157/mo
Net Cash Flow
$353/mo
$4,233/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

Similar Properties Nearby

Explore other investment opportunities in Hemet.