Best retirement value in America

69481 Parkside Dr, Desert Hot Springs, CA 92241

$116,000 After Repair Value -
$116,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $116,000

After Repair Value $116,000

Costs of Repairs $0

Potential Profit $0

Living Area 1043 ft2

Property Type Mobile Home

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $16,800

Yearly Expenses $3,000

Property Taxes $1,091

Net Operating Income $13,800

Cap Rate 12

Property Description

The home is located in Desert Crest Country Club, a 55+ development. No other park offers the value found at Desert Crest. The smart retiree should inquire diligently about costs of ownership before buying. Desert Crest HOA fee is $116.98 per month and it buys free golf, mineral water pools, exercise room, library, and indoor shuffleboard. The golf course is a well maintained small but challenging par three. Mineral water heats the three jacuzzi pools and the large swimming pool. The shuffleboard facility is the largest indoor court in Coachella Valley. The cost of Desert Crest HOA fee is tied to cost of living and cannot be raised arbitrarily after you buy. Owning in Desert Crest Country Club is also different from other parks because you own your own lot. The streets are nicely maintained by Riverside County and not at the owners expense like other parkThis manufactured home is a beautiful double-wide with California room addition and teak wood flooring throughout; remodeled kitchen and bath; new AC, roof, refrigerator, water and sewer lines. Large patio in back. Secure parking for two vehicles in large carport. Furniture shown can be included.

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