TITLE:
Desert-Lux Home on Golf Course w/ Pano Views
CONTROL:
Partner
VALUE:
$1,550,000
LOAN:
$500,000
EQUITY:
$1,050,000
TYPE:
Homes/Condos
HAVE:
Luxury 4/4 “desert modern” home in prestigious PGA West community. Dramatic Mountain views, oversized heated saltwater pool, spa, fire pits, full-furnished for vacation use. Currently operated as a short-term rental. Rents range from $900-$2000/night.
ADDRESS:
Jack Nicklaus Blvd, La Quinta, California
BENEFITS TO NEW OWNER:
Turnkey, renovated property in on golf course with rare Mountain View’s. Owner will sell, exchange or use as trustee deed collateral.
GROSS SCHEDULED INCOME:
$400,000 Projected
VACANCY LOSS:
$125,000
GROSS EFFECTIVE INCOME:
$275,000
EXPENSES:
$27,100
NOI:
$247,900
DEBT SERVICE:
$18,500
CASH FLOW:
$229,400
CAP RATE:
15.99%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$500,000
$1,541
4%
04/01/2050
No
BENEFITS SOUGHT:
Owner is looking to activate equity for use in other ventures.
CAN ADD:
Texas apartments, single family homes in FL, Luxury to be built homes in Los Angels. Opportunity in other investment projects.
REMARKS:
Home it’s very clean and ready to go. 100+ five-star reviews. assumable, non-recourse debt.
COUNSELOR:
Gregory Walden
Pacifica Realty Corp
2702 Crown Valley Pkwy
Ladera Ranch, California, 92694
