TITLE:
THREE UNITS ON 2 ACRES
CONTROL:
Owner
VALUE:
$675,000
LOAN:
$290,000
EQUITY:
$385,000
TYPE:
Multi-Family
HAVE:
Three residential units on 2 + Acres
ADDRESS:
57614 Crestview Dr., Yucca Valley, California
BENEFITS TO NEW OWNER:
we have local management in place. all tenants current and happy to be there
great existing financing: talk to me
GROSS SCHEDULED INCOME:
$67,200 Actual
VACANCY LOSS:
$3,300
GROSS EFFECTIVE INCOME:
$63,900
EXPENSES:
$23,000
NOI:
$40,900
DEBT SERVICE:
$21,600
CASH FLOW:
$19,300
CAP RATE:
6.06%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$289,448
$1,789
5%
01/01/2051
No
LOAN 2
$6,000
$500
0%
06/01/2025
Yes
BENEFITS SOUGHT:
not a dont wanter. Use as can add for other packages in book.
CAN ADD:
cash paper other pkgs in book
REMARKS:
57 solar panels in place cost $110,000. Appraised $675,000 Dec 2023.
first is reducing $682/mo
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
