69180 Victoria Dr, Cathedral, CA
/Ten newly refurbished 3 bedroom, 2 bath units; 1230 square feet each, private patios, interior laundry each unit, carports, tennis courts, large pool with sunbathing area.
All units with new kitchen and bath cabinets, new dual pane windows, granite counter tops, new stainless steel appliances, new HVAC, new lighting, new plumbing fixtures, new front doors, and new dual pane sliding glass doors.
Beautiful Water Saving Desert Landscaping.
Individual water meters - each tenant pays for their own water.
Address:
69180 Victoria Drive
Cathedral City, CA 92234
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Gross Rents |
$12,825 |
$153,900 |
|
Vacancy and Credit Loss |
$385 |
$4,617 |
3% reflects market vacancy rate |
Gross Operating Income |
$12,440 |
$149,283 |
|
Gardening |
$250 |
$3,000 |
Actual |
Sewer |
$245 |
$2,940 |
Tax Assessor |
Insurance |
$238 |
$2,856 |
Quote |
Fixed Asmt. on Tax Roll |
$181 |
$2,244 |
Actual |
Licenses and Permits |
$29 |
$350 |
Actual |
Pest Control |
$45 |
$540 |
Actual |
Repairs & Maintenance |
$500 |
$6,000 |
Estimated |
Pool Service |
$183 |
$2,196 |
Actual |
Property Taxes |
$2,012 |
$24,141 |
.01238% Calculated |
Property Management |
$0 |
$0 |
Buyer to provide |
Utilities: |
|||
Trash |
$260 |
$3,120 |
Actual |
Water |
$120 |
$1,440 |
Actual |
Electric |
$69 |
$829 |
Est. due to Solar |
Total Operating Expenses |
$4,138 |
$49,655 |
32% of Gross Rents |
Net Operating Income |
$8,302 |
$99,628 |
|
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Gross Rents |
$13,250 |
$159,000 |
|
Vacancy and Credit Loss |
$398 |
$4,770 |
3% reflects market vacancy rate |
Gross Operating Income |
$12,853 |
$154,230 |
|
Gardening |
$250 |
$3,000 |
Actual |
Sewer |
$245 |
$2,940 |
Tax Assessor |
Insurance |
$238 |
$2,856 |
Quote |
Fixed Asmt. on Tax Roll |
$181 |
$2,172 |
Actual |
Licenses and Permits |
$29 |
$350 |
Actual |
Pest Control |
$45 |
$540 |
Actual |
Repairs & Maintenance |
$500 |
$6,000 |
Estimated |
Pool Service |
$183 |
$2,196 |
Actual |
Property Taxes |
$2,012 |
$24,141 |
.01238% Calculated |
Property Management |
$0 |
$0 |
Buyer to provide |
Utilities: |
|||
Trash |
$260 |
$3,120 |
Actual |
Water |
$120 |
$1,440 |
Actual |
Electric |
$69 |
$828 |
Est. due to Solar |
Total Operating Expenses |
$4,138 |
$49,655 |
31% of Gross Rents |
Net Operating Income |
$8,715 |
$104,575 |
|
List Price: $1,950,000
Cap Rate - Actual: 5.1%
Cap Rate - Market: 5.4%
Occupancy: 100%
Number of Units: 10
Building Size: 12,300 SF
Price/Unit: $195,000
Property Type: Multifamily
Property Sub-Type: Townhouse (2 Story)
Property Use Type: Investment
Status: Available