Sold: 33089 Shifting Sands Trail, Cathedral City

 

33089 Shifting Sands Trail, Cathedral City - SOLD

Address:
33089 Shifting Sands Trail
Cathedral City, CA 92234



Monthly

Annually

Projected/Actual

Rents

2,100

25,200

Vacancy and Credit Loss

105

1260

5% reflected

Gross Operating Income

1995

23,940

market vacancy rate

Advertising

10

120

Cleaning

0

Gardening

75

900

Insurance

120

1440

Licenses and Permits

10

120

Pest Control

0

Repairs and Maint.

250

3000

Property Taxes

202

2424

1915 Bond Assessment

Property Management

200

2394

Utilities:

Trash

50

600

Sewer

50

600

Gas and Electric

0

Water

50

600

Supplies

Total Operating Expenses

1017

12198

48%

Net Operating Income

979

11742


List Price: $219,900
Cap Rate: 5%
Above is a model and no guarantees are implied by broker.
Sold Price: $214,000
Status: Sold

Michael Woodward

Michael is the founder and CEO of jumbleThink.  He is also the CEO of Woodward Design Group.  He and his team have built over 400 website for small businesses to large customer portals for Fortune  100 corporations.  He has also consulted with hundreds of businesses through the Small Business Development Council in Butte County,  Ca (http://www.buttecollegesbdc.com) along with teaching courses on web design / development and marketing strategies.  His passion is to help individuals and businesses make their dreams attainable through creative thinking / idea formation and strategy.