TITLE:
Beautiful Desert Home 55+ Community
CONTROL:
Exclusive
VALUE:
$290,000
LOAN:
$0
EQUITY:
$290,000
TYPE:
Homes/Condos
HAVE:
2 bedroom modular home on owned land in Desert Willows, of Desert Hot Springs, CA. 1240 sq. ft., 2 car garage on view lot (best view in the community!) Could rent $2500+ long term, 30 day minimum, vacation would get a little more.
ADDRESS:
65565 Acoma Ave. #134, Desert Hot Springs, California
BENEFITS TO NEW OWNER:
Best view in the community, no work to do, pick out your own appliances
GROSS SCHEDULED INCOME:
$30,000 Projected
VACANCY LOSS:
$1,500
GROSS EFFECTIVE INCOME:
$28,500
EXPENSES:
$3,300
NOI:
$25,200
DEBT SERVICE:
$0
CASH FLOW:
$25,200
CAP RATE:
8.69%
BENEFITS SOUGHT:
Out and into another project, not area bound
CAN ADD:
Sweat Equity?
REMARKS:
Desert Hot Springs is in the high(er) desert between Palm Springs (8 miles) and Joshua Tree (25 miles), known for their natural mineral springs. Close to I-10 commuting East to AZ, 4 hrs. or West to LA, 2.5 hrs. Casinos in either directions about 6 miles.
COUNSELOR:
Debbie Ferrari
KW Commercial Coastal Castles
635 Camino De Los Mares, 3rd Floor
San Clemente, California, 92673
