Jeannie Niles Real Estate Investment
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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%.
I've started a blog to provide clients my perspective on recent market trends, and sage advice collected from the life of a seasoned investment broker.
Recent Entries
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Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
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
