Jeannie Niles Real Estate Investment
79061 Avenue 42, Bermuda Dunes, CA
This is a newer great tri-plex. Each unit is like a house, with 3 bedrooms and 2 baths. There is a large living room with fireplace and a 2-car garage. Private yards and gated entry to each courtyard. Drive by only, interior inspection on accepted offer only. Each unit has an owner supplied stackable washer/dryer unit.
| Monthly | Annually | ||
|---|---|---|---|
| Rents | 4,100 | 49,200 | |
| Vacancy and Credit Loss | 205 | 2,460 | |
| Gross Operating Income | 3,895 | 46,740 | |
| Advertising | 8 | 96 | Actual 2007 |
| Cleaning | 21 | 252 | Actual 2007 |
| Gardening | 100 | 1,200 | Actual 2007 |
| Insurance | 170 | 2,040 | Actual 2007 |
| Pest Control | 99 | 1,188 | Actual 2007 |
| Repairs and Maint. | 146 | 1,752 | Actual 2007 |
| Property Taxes | 781 | 9,372 | Projected @ 1.25% |
| Property Management | 390 | 4,674 | Projected @ 10% |
| Utilities: | |||
| Trash | 54 | 648 | Actual 2007 |
| Water | 52 | 624 | Actual 2007 |
| Gas and Electric | 1 | 12 | Actual 2007 |
| Total Operating Expenses | 1,822 | 21,858 | |
| Net Operating Income | 2,074 | 24,882 | 44% |
Cap Rate 3.4 725,000 valuation
Directions: Hwy 10 to Washington, south to Avenue 42, east to property. On east side of Avenue 42.
Above is a model and no guarantees are implied by broker.
