This is duplex is one of the nicest in the area. Each unit has 3 bedrooms and 3 baths. There is a large living room with fireplace and a 2-car garage. 18-inch ceramic tile floors, interior laundry.
Year Built - 2002
Duplex Square Footage - 3,082



| Monthly | Annually | ||
|---|---|---|---|
| Rents | 2,250 | 27,000 | |
| Vacancy and Credit Loss | 140 | 1,680 | |
| Gross Operating Income | 2,110 | 25,320 | |
| Gardening | 100 | 1,200 | |
| Insurance | 80 | 960 | Projected |
| Repairs and Maint. | 100 | 1,200 | Projected |
| Property Taxes | 449 | 5,388 | Projected |
| Property Management | 266 | 3,192 | |
| Utilities: | |||
| Water & Electric | 50 | 600 | |
| Total Operating Expenses | 1,045 | 12,540 | |
| Net Operating Income | 1,065 | 12,780 |
Listing Price: $399,000
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Above is a model and no guarantees are implied by broker.
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.
Income property has once again become “Income property”.
There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
Cap Rate is the best tool for determining the value of an income property.
Some of the most outrageous episodes in property ownership that the owners lived to tell about.
Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
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