Sold: $1,750,000 | 73625-73645-73665 Fred Waring, Palm Desert

 

units on 3 separate parcels

All units are two bedroom, two bath.
1325 square feet each.

Address:
73625-73645-73665 Fred Waring
Palm Desert, Ca



Monthly

Annually

Projected/Actual

Gross Rents

$10,800

$129,600

Market Rent

Vacancy and Credit Loss

$540

$6,480

5% reflects market vacancy rate

Gross Operating Income

$10,260

$123,120

Advertising

$0

Cleaning

$0

Gardening

$300

$3,600

Owner

Sewer

$221

$2,646

Tax Assessor

Insurance

$400

$4,800

Estimated

Legal Fees

$0

Licenses and Permits

$0

Pest Control

$0

Repairs and Maint.

$300

$3,600

Projected

Pool Service

$0

Property Taxes

$1,837

$22,044

New at 1.23%

Property Management

$616

$7,287

at 6% GOI

Utilities:

Trash

$207

$2,482

Owner

Water

$0

Tenant

Gas and Electric

$57

$684

Owner

Total Operating Expenses

$3,937

$47,244

36% of Gross Rents

Net Operating Income

$6,323

$75,876


List Price: $1,750,000
Cap Rate: 4.3%
Sold Price: $1,750,000
Status: Sold
Close of Escrow: 2-1-16