Jeannie Niles Real Estate Investment
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41520 Sunrise Court, Rancho Mirage, CA
Here is a well-maintained duplex that is perfect for a first-time investor or someone who wants an easy property to manage. This could be an owner-occupied unit and the additional unit will help pay the mortgage. Both units have been recently upgraded. Unit A has wood flooring in living, dining, hallway and bedrooms. Ceramic tile in kitchen and bathroom. Unit B has ceramic tile throughout the apartment, with newer stove, microwave, dishwasher. Each has its own private yard and security screen doors. There is a garage for each apartment and there is a common washer/dryer for tenant use.
| Monthly | Annually | ||
|---|---|---|---|
| Rents | 1,900 | 22,800 | |
| Vacancy and Credit Loss | 95 | 1,140 | |
| Gross Operating Income | 1,805 | 21,660 | |
| Advertising | 15 | 180 | Actual 2007 |
| Cleaning | 14 | 168 | Actual 2007 |
| Gardening | 0 | 0 | Actual 2007 |
| Insurance | 82 | 984 | Actual 2007 |
| Licenses and Permits | 0 | 0 | Actual 2007 |
| Pest Control | 0 | 0 | Actual 2007 |
| Repairs and Maint. | 57 | 684 | Actual 2007 |
| Pool Service | 0 | 0 | Actual 2007 |
| Property Taxes | 436 | 5,232 | Projected @ 1.25% |
| Property Management | 181 | 2,166 | Projected @ 10% |
| Utilities: | |||
| Trash | 15 | 180 | Actual 2007 |
| Water | 22 | 264 | Actual 2007 |
| Gas and Electric | 11 | 132 | Actual 2007 |
| Total Operating Expenses | 833 | 9,990 | |
| Net Operating Income | 973 | 11,670 | 44% |
Directions: Hwy 111 to Indian Trail, north to San Jacinto, west to property. Unit is on south-east corner of Sunrise Court and San Jacinto. Above is a model and no guarantees are implied by broker.
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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
