SOLD: $590,00 | 32880 Rancho Vista Dr, Cathedral City
/7700 Sq.Ft., Four Plex in Strong Rental Area.
Two Car Garages, Pool.
Sewer costs included with property taxes.
Three “units” 3 bed. 2.5 bath.
One 4 bed, 2.5 ba.
Excellent Condition
Address:
32880 Rancho Vista Drive
Cathedral City, Ca 92234
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Gross Rents | $5,295 | $62,540 | |
Vacancy and Credit Loss | 265 | 3,177 | 5% reflects market vacancy rate |
Gross Operating Income | $5,030 | $60,363 | |
Advertising | $0 | ||
Cleaning | $0 | ||
Gardening | $158 | $1,896 | Actual |
Sewer | $98 | $1,176 | Actual |
Insurance | $137 | $1,642 | Actual |
Legal Fees | $0 | ||
Licenses and Permits | $42 | $504 | Actual |
Pest Control | $0 | ||
Repairs and Maint. | $200 | $2,400 | Projected |
Pool Service | $130 | $1,560 | Actual |
Property Taxes | $635 | $7,620 | Projected on new at 8% of GOI |
Property Management | $402 | $4,829 | |
Utilities: | |||
Trash | $60 | $720 | |
Water | $120 | $1,440 | Actual |
Gas and Electric | $136 | $1,632 | Actual |
Total Operating Expenses | $2,118 | $25,421 | 40% GOI |
Net Operating Income | $2,912 | $34,942 | |
List Price: $624,900
Cap Rate: 5.6%
Sold Price: $590,000
Status: Available