Jeannie Niles Real Estate Investment
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Palm Desert Four-Plex
$799,000
45396 Deep Canyon
Palm Desert, California
Four-Plex
(1) 3 bed 1.5 ba.
(1) 3 bed 2.5 ba.
(2) 2 bed 1 ba.
Two car garage for each unit.
Community Pool
Gross Scheduled Income: $50,700
Vacancy Allowance: $1521.00(3%)
Gross Operating Income: $49,179
Operating Expenses: $22,300
Net Operating Inc: $26,879
Taxes(NEW): $9,988 (based on 1.25%)
Insurance: $374.00 (actual)
Water/Sewer: $720.00 (actual)
Trash: $416.00 (actual)
Pest Control: $828.00 (actual)
Licenses: $100.00 (actual)
Manager: $5,940.00 (HOA dues $495/mo)
Professional Mgmt: $3,394.00 (estimated at 8%)
Total: $22,300
All Financials are Actuals from the owners tax return for 2007.
We have based the projected property taxes on a valuation of $799,000 and the tax rate of 1.25%.
I've started a blog to provide clients my perspective on recent market trends, and sage advice collected from the life of a seasoned investment broker.
Recent Entries
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Seven properties went into escrow in October.
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For Coachella Valley
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Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
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I am always frustrated how the media and other trade groups use statistical data to prove the point they want to make, thus I like to do my own statistical research.
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It can be very profitable purchasing bank owned properties in the current real estate market.
Favorite Posts
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
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Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
