Home Equity Investment in Menifee, CA

This owner-occupied home with 4 beds and 2 baths is located close to Menifee Countryside Marketplace (1.5 mi), Menifee Town Center (2.8 mi), and Orange Empire Railway Museum (10.7 mi).

The home sits on 0.20 acres with a total interior space of 3,267 square feet. The property was originally built in 2012 and was renovated in 2020, and includes roof mounted solar system, granite countertops, and an HVAC system.

Local schools include Paloma Valley High School (1.2 mi) with a 6/10 rating, Menifee Valley Middle School (1.7 mi) with a 5/10 rating, and Chester W. Morrison Elementary School (2.7 mi) with a 6/10 rating. Nearby colleges include UMass Global (2.0 mi), Mt. San Jacinto College (3.5 mi), and Moreno Valley College (20.4 mi).

The largest employers in the area include Target (1.8 mi), the City of Menifee (2.2 mi), and Menifee Union School District (2.3 mi).

The business plan would be classified as a long-term hold strategy because you are buying home equity at a discount to its fair market value.

5 Highlights about this deal:

1. The most recent AVM estimated valuation of this property was $663,761 (October 29, 2022).

2. The Menifee area has witnessed 32% growth in its resident population over the last decade.

3. There are 8,000 Residential Units in some phase of development within 9 approved specific plans and 63 tract maps nearby.

4. In September 2022, Menifee home prices were up 12.5% compared to last year, selling for a median price of $545K.

5. Living in Menifee offers residents a sparse suburban feel and a lot of parks.