Sold: $575,000 | 32440 Whispering Palms, Cathedral City
/(1) two bedroom, one bath. $825.
(3) three bedroom, two bath, $1045, $1125, $1150.
Laundry Income of $40 per month included in above income
10.7 Gross Multiplier
Address:
32440 Whispering Palms
Cathedral City, CA
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Gross Rents |
$4,185 |
$50,220 |
|
Vacancy and Credit Loss |
$209 |
$2,511 |
5% reflects market vacancy rate |
Gross Operating Income |
$3,976 |
$47,709 |
|
Advertising |
$0 |
||
Cleaning |
$0 |
||
Gardening |
$200 |
$2,400 |
|
Sewer |
$0 |
$0 |
|
Insurance |
$300 |
$3,600 |
Estimated |
Legal Fees |
$0 |
||
Licenses and Permits |
$0 |
||
Pest Control |
$0 |
||
Repairs and Maint. |
$200 |
$2,400 |
Projected |
Pool Service |
$0 |
||
Property Taxes |
$580 |
$6,960 |
Projected on New Value |
Property Management |
$318 |
$3,817 |
at 8% of GOI |
Utilities: |
|||
Trash |
$165 |
$1,980 |
Actual |
Water |
$166 |
$1,992 |
Actual |
Gas and Electric |
$0 |
||
Total Operating Expenses |
$1,929 |
$23,149 |
46% of Gross Rents |
Net Operating Income |
$2,047 |
$24,560 |
|
List Price: $563,900
Cap Rate: 4.4%
Status: Sold
Price Sold: $575,000