Jeannie Niles Real Estate Investment

Featured Listings

78923 Avenue 42, Bermuda Dunes, CA

This is duplex is one of the nicest in the area. Each unit has 3 bedrooms and 3 baths. There is a large living room with fireplace and a 2-car garage. 18-inch ceramic tile floors, interior laundry.

Year Built - 2002
Duplex Square Footage - 3,082

  
  
 

Monthly Annually
Rents 2,250 27,000
Vacancy and Credit Loss 140 1,680
Gross Operating Income 2,110 25,320
Gardening 100 1,200
Insurance 80 960 Projected
Repairs and Maint. 100 1,200 Projected
Property Taxes 449 5,388 Projected
Property Management 266 3,192
Utilities:
Water & Electric 50 600
Total Operating Expenses 1,045 12,540
Net Operating Income 1,065 12,780

Listing Price: $399,000
View Listing

Above is a model and no guarantees are implied by broker.

-- Jeannie

79061 Avenue 42, Bermuda Dunes, CA

This is a newer great tri-plex. Each unit is like a house, with 3 bedrooms and 2 baths. There is a large living room with fireplace and a 2-car garage. Private yards and gated entry to each courtyard. Drive by only, interior inspection on accepted offer only. Each unit has an owner supplied stackable washer/dryer unit.

  
  
  

Monthly Annually
Rents 3,600 43,200
Vacancy and Credit Loss 205 2,460
Gross Operating Income 3,240 38,880
Advertising 8 96 Actual 2007
Cleaning 21 252 Actual 2007
Gardening 100 1,200 Actual 2007
Insurance 170 2,040 Actual 2007
Pest Control 99 1,188 Actual 2007
Repairs and Maint. 146 1,752 Actual 2007
Property Taxes 781 9,372 Projected @ 1.25%
Property Management 390 4,674 Projected @ 10%
Utilities:
Trash 54 648 Actual 2007
Water 52 624 Actual 2007
Gas and Electric 1 12 Actual 2007
Total Operating Expenses 1,468 17,611
Net Operating Income 1,772 21,269 44%

Listing Price: $410,000

Directions: Hwy 10 to Washington, south to Avenue 42, east to property. On east side of Avenue 42.
View Listing

Above is a model and no guarantees are implied by broker.

-- Jeannie

44667 San Pablo, Palm Desert, CA

All units have been upgraded within the past 2 years. All 2 bedrooms/2 baths with ceramic tile throughout the apartment. Added income from the non-permitted studio apartment - $750/mo rent. Carport for the units, with extra off-street parking for guests or 2nd cars. Swimming pool and spa with upgraded security gates. The 6th unit is a non-conforming studio that has not been permitted by the city.

  
  
  


Monthly Annually
Rents 5,475 65,700
Vacancy and Credit Loss 274 3,285
Gross Operating Income 5,201 62,415
Advertising 45 540 Actual 2007
Cleaning 93 1,116 Actual 2007
Gardening 414 4,968 Actual 2007
Insurance 311 3,732 Actual 2007
Licenses and Permits 53 636 Actual 2007
Pest Control 2 24 Actual 2007
Repairs and Maint. 300 3600 Actual 2007
Pool Service 398 4,776 Actual 2007
Property Taxes 755 9,060 Projected @ 1.25%
Property Management 520 6,242 Projected @ 10%
Utilities:
Trash 127 1,524 Actual 2007
Water 202 2,424 Actual 2007
Gas and Electric 289 3,468 Actual 2007
Total Operating Expenses 3,509 42,110
Net Operating Income 1,692 20,306 65%

Cap Rate 2.8 675,000

Directions: Hwy 111 to San Pablo, north to San Gorgonio Way, property on north-west corner of San Pablo and San Gorgonio Way.
View Listing

Above is a model and no guarantees are implied by broker.

-- Jeannie

41520 Sunrise Court, Rancho Mirage, CA

Here is a well-maintained duplex that is perfect for a first-time investor or someone who wants an easy property to manage. This could be an owner-occupied unit and the additional unit will help pay the mortgage. Both units have been recently upgraded. Unit A has wood flooring in living, dining, hallway and bedrooms. Ceramic tile in kitchen and bathroom. Unit B has ceramic tile throughout the apartment, with newer stove, microwave, dishwasher. Each has its own private yard and security screen doors. There is a garage for each apartment and there is a common washer/dryer for tenant use.

  
  

Monthly Annually
Rents 1,800 21,600
Vacancy and Credit Loss 95 1,140
Gross Operating Income 1,710 20,520
Advertising 15 180 Actual 2007
Cleaning 14 168 Actual 2007
Gardening 0 0 Actual 2007
Insurance 82 984 Actual 2007
Licenses and Permits 0 0 Actual 2007
Pest Control 0 0 Actual 2007
Repairs and Maint. 57 684 Actual 2007
Pool Service 0 0 Actual 2007
Property Taxes 436 5,232 Projected @ 1.25%
Property Management 181 2,160 Projected @ 10%
Utilities:
Trash 15 180 Actual 2007
Water 22 264 Actual 2007
Gas and Electric 11 132 Actual 2007
Total Operating Expenses 599 7,182
Net Operating Income 1,111 13,338 44%
Cap Rate 2.8 194,500

Directions: Hwy 111 to Indian Trail, north to San Jacinto, west to property. Unit is on south-east corner of Sunrise Court and San Jacinto.
View Listing Above is a model and no guarantees are implied by broker.

-- Jeannie

Palm Desert Four-Plex

$451,000
45396 Deep Canyon
Palm Desert, California

Four-Plex
(1) 3 bed 1.5 ba.
(1) 3 bed 2.5 ba.
(2) 2 bed 1 ba.

Two car garage for each unit.
Community Pool

Gross Scheduled Income: $50,100
Vacancy Allowance: $2505.00(3%)
Gross Operating Income: $47,595
Operating Expenses: $17,624
Net Operating Inc: $29,971

Taxes(NEW): $5,312 (based on 1.25%)
Insurance: $374.00 (actual)
Water/Sewer: $720.00 (actual)
Trash: $416.00 (actual)
Pest Control: $828.00 (actual)
Licenses: $100.00 (actual)
Manager: $5,940.00 (HOA dues $495/mo)
Professional Mgmt: $3,934.00 (estimated at 8%)
Total: $17,624

All Financials are Actuals from the owners tax return for 2007.

We have based the projected property taxes on a valuation of $451,000 and the tax rate of 1.25%.

View Listing

-- Jeannie

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Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261

P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com

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