Sold: $365,000 | 44769 Palm Drive, Indio
/Three - 2 bedroom, 1 bath
Two - 1 bedroom, 1 bath
Always rented. Across street from Miles Park.
Address:
44769 Palm Drive
Indio, CA
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Gross Rents | $3,820 | $45,840 | |
Vacancy and Credit Loss | $191 | $2,292 | 5% reflects market vacancy rate |
Gross Operating Income | |||
Advertising | 0 | ||
Cleaning | 0 | ||
Gardening | $125 | $1,500 | |
Sewer | $113 | $1,356 | |
Insurance | $100 | $1,200 | |
Legal Fees | 0 | ||
Licenses and Permits | 0 | ||
Pest Control | $25 | $300 | |
Repairs and Maint. | $300 | $3,600 | |
Pool Service | 0 | ||
Property Taxes | $400 | $4,800 | |
Property Management | $290 | $3,484 | |
Utilities: | |||
Trash | $105 | $1,260 | |
Water and Sewer | $175 | $2,100 | |
Gas and Electric | 0 | ||
Total Operating Expenses | $1,633 | $19,600 | 43% of Gross Rents |
Net Operating Income | |||
List Price: $395,000
Cap Rate: 6.1%
Status: Available