For SaleRisky Deal1 days on market
423 Madrid St
423 Madrid St, Hemet, CA 92545, Hemet, CA 92545
$499,875
Estimate®:$503,200$3,325 Under Market
Listing Price
423 Madrid St, Hemet, CA 92545
Loc: Hemet, CA
Days Listed
1
Tax Assessed
$306k
Estimate®
$503k
1% Under Valued
Lot Size
6,534 sqft
Rent Estimate
$3,231/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
Cawston Elementary School
K-5
0.4 mi away
3
Rancho Viejo Middle School
6-8
0.7 mi away
5
Tahquitz High School
9-12
1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
stucco exteriortwo-storysuburbanattached garagetiled roofpalm treesfront lawntraditionalresidentialgabled rooflinered front doordriveway
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.91%
Total ROI
65.6%
Cash Flow
$-547/mo
DSCR
0.79
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-547/mo net cash flow with a 4.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Hemet, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $499,875 | $179 |
| 2015-05-01 | Sold | $250,000 | $89 |
| 2013-09-03 | Sold | $616,042 | $220 |
| 2005-11-28 | Sold | $440,000 | $157 |
| 2000-11-28 | Sold | $177,000 | $63 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $306,458 |
| 2025 | $3,649.68 | $300,450 |
| 2024 | $3,581.2 | $294,560 |
| 2023 | $3,541.76 | $288,785 |
| 2022 | $3,475.92 | $283,124 |
| 2021 | $3,421.8 | $277,573 |
| 2020 | $3,380.42 | $274,728 |
| 2019 | $3,311.06 | $269,342 |
| 2018 | $3,214.34 | $264,062 |
| 2017 | $3,178.36 | $258,886 |
| 2016 | $3,178.36 | $253,811 |
| 2015 | $2,934.6 | $231,535 |
| 2014 | $2,811.14 | $227,000 |
| 2013 | $0 | $191,000 |
| 2012 | $0 | $178,000 |
| 2011 | $0 | $191,000 |
| 2010 | $0 | $210,000 |
| 2009 | $0 | $204,000 |
| 2008 | $0 | $305,000 |
| 2007 | $0 | $448,800 |
| 2006 | $0 | $440,000 |
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