74300 Magnesia Falls, Palm Desert, CA
/Price: $725,000
No. Units: 4
Building Size: 3,700 SF
Price/Unit: $181,250
Property Type: Multifamily
Property Sub-Type: Garden/Low-Rise
Property Use Type: Investment
Cap Rate: 4.3%
Occupancy: 100%
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Gross Rents |
$4,450 |
$53,400 |
|
Vacancy and Credit Loss |
$134 |
$1,602 |
3% reflects market vacancy rate |
Gross Operating Income |
$4,317 |
$51,798 |
|
Advertising |
$0 |
$0 |
|
Cleaning |
$0 |
$0 |
|
Gardening |
$0 |
$0 |
Incl. HOA |
Sewer & Fixed Assessments |
$117 |
$1,409 |
Tax Assessor |
Insurance |
$85 |
$1,020 |
Actual @ $730K w/ $1000 deduct |
HOA Dues |
$720 |
$8,640 |
Actual |
Licenses and Permits |
$5 |
$61 |
Palm Desert Bus. Lic |
Pest Control |
$0 |
$0 |
Incl. in HOA |
Repairs & Maintenance |
$0 |
$0 |
|
Pool Service |
$0 |
$0 |
Incl. in HOA |
Property Taxes |
$729 |
$8,746 |
$725,000 Valuation |
Property Management |
$0 |
$0 |
Owner to provide |
Utilities: |
|||
Trash |
$0 |
$0 |
Incl. in HOA |
Water |
$60 |
$725 |
Based on 2016 actual |
Electric (Gass paid by tenant) |
$31 |
$375 |
House meter Actual |
Total Operating Expenses |
$1,748 |
$20,976 |
39% of Gross Rents |
Net Operating Income |
$2,569 |
$30,822 |
|