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