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Desert Hot Springs,CA 92240
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,136 sqft
Price per Sqft $269
Subdivision Not Applicable-1
MLS Listing ID 219114370PS
Bedrooms 3
Full Baths 2
Year Built 2024
Lot Size 10,890 Sqft
Property Sub-Type Single Family Residence
Property Description
NEW CONSTRUCTION. a 3 unit, detached home project is underway in the Hills of Desert Hot Springs. The units are all 3br,2ba. Approximately 1400 sf. All homes will showcase water proof flooring, corian kitchen counter tops with wooden cabinets and stainless steel 25 cu. ft. refrigerator, macro wave, Gas range, and dishwasher. There is a full laundry room washer/dryer and pantry shelves. The bedroom and living room show overhead fans with full carpets. The master bath contains a full 60-inch shower and stand alone tub. There is A/C throughout and carports with work cabinets. The hillside location provides valley v8ews and only 5 minutes to downtown area.The rental income will produce approximately $68,000 of Net income before debt service. The tax benefit will $ per year on a 15 year Accelerated Depreciation., effectively providing Tax Deferred income. Consult your Tax Advisor to determine the estimated amount based on the projected income the approximate $68,000.Anticipated tax reduction based on 27 1/2 year straight-line depreciation schedule. Year 1 includes 60% of landscaping and other costs, $38,734 Year 2 through 27 1/2 $24,334 equals $671,417
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Rooms
Other Rooms Guest House,Gazebo
Interior
Heating Central
Cooling Central Air,Electric
Flooring Laminate
Exterior
Parking Features Driveway
View Y/N Yes
View Desert,Mountain(s)
Building
Lot Description Planned Unit Development,Sprinklers Timer,Sprinkler System
Story 1
Foundation See Remarks
New Construction Yes
Others
Acceptable Financing Cash to New Loan,Conventional
Listing Terms Cash to New Loan,Conventional
Special Listing Condition Standard