TITLE:
Luxury Desert Home near Tennis Gardens
CONTROL:
Partner
VALUE:
$850,000
LOAN:
$365,000
EQUITY:
$485,000
TYPE:
Homes/Condos
HAVE:
Luxury Vacation home proximate to Indian Wells Tennis Complex. Large saltwater pool, cabana, fruit trees, putting green, with land available for ADU. Currently operated as a vacation rental with nightly rents from $600-$1250/night. Fully renovated.
ADDRESS:
78653 Como Ct, La Quinta, California
BENEFITS TO NEW OWNER:
turn-key renovated home within walking distance of major PTA tennis tournament. Private yard and pool w/ expansion possibility. Owner may wrap debt.
GROSS SCHEDULED INCOME:
$240,000 Projected
VACANCY LOSS:
$60,000
GROSS EFFECTIVE INCOME:
$180,000
EXPENSES:
$40,000
NOI:
$140,000
DEBT SERVICE:
$20,028
CASH FLOW:
$119,972
CAP RATE:
16.47%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$365,000
$1,669
4%
07/08/2050
No
BENEFITS SOUGHT:
Owner is looking to go up and out to other opportunities in luxury housing, apartments, industrial, spec housing and land.
CAN ADD:
Texas apartment community, rental homes in FL, other luxury rental properties.
REMARKS:
Fully-renaoved in 2020. Low maintenance, 100+ 5 star reviews. Beautiful private pool. Owner is creative real estate professional and can structure to fit needs of the transaction.
COUNSELOR:
Gregory Walden
Pacifica Realty Corp
2702 Crown Valley Pkwy
Ladera Ranch, California, 92694
